Janardhan Poojary hits out at Modi's demonetization rule

Published On : 15 Nov 2016 | Reported By : Canaranews Network

Mangaluru: Senior Congress Leader B Janardhana Poojary has demanded a roll back of the decision of demonetization of Rs 500 and Rs 1000 currency notes.

Addressing media at the Press Club on Tuesday November 15, Poojry said, "People are running helter-skelter and complaining about the inconvenience caused to them by Prime Minister Narendra Modi’s sudden announcement of demonetizing the high currency notes of Rs 500 and Rs 1,000. Street vendors, labourers, farmers and students are facing difficulties to exchange Rs 500 and Rs 1000 and obtain 100 Rupees notes, and are forced to stand in long queue."

He further questioned whether Prime Minister Narendra Modi and Finance Minister Arun Jaitley were not aware of Section 276(A) and 276(B) of Income Tax Act, which clearly states that black money holder shall be punishable for rigorous imprisonment of a term.

He further alleged that Modi has not followed the right procedure of demonetizing currency and new currencies are also not distributed in proper manner. The impact of demonetization of Rs 500 and Rs 1000 currency notes by Modi was seen in Mirzapur district where several torn currency notes of Rs 1000 denomination were found floating in the river,

More News

Kannada Department of Mumbai University; Niranjan centenary-lecture-Release of Six Books

NRI FORUM KARNATAKA, BAHRAIN UNIT SELECTED FIRST PRESIDENT,EXECUTIVE COMMITTEE & ADVISORS

St Agnes College (Autonomous) Mangaluru, celebrated the College Day

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.