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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,







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