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On demonetisation anniversary, PM Narendra Modi tweets video outlining benefits

On demonetisation anniversary, PM Narendra Modi tweets video outlining benefits”

The government made an ingenious attempt to strike the black money hoarders and counterfeit currency suppliers by scrapping Rs 500 and Rs 1000 notes, thereby nullifying 86% of Indian currency.

Earlier in the day, Prime Minister Narendra Modi highlighted the benefits of demonetisation and shared a video from his twitter handle.

The prime minister, however, termed the drive as a "historic and multi-dimensional success", and said 125 crore people fought the "decisive battle against black money and corruption". Several Karnataka Youth Congress workers also joined the protests in the city, with a number of labourers and vegetable sellers taking part in it.

On this day past year, the old Rs 1,000 and Rs 500 notes - 86 percent of currency in circulation - were scrapped after the Prime Minister made an unexpected announcement during a surprise television address.

Modi's announcement came as Union ministers fanned out across the country to stress that demonetisation was a crackdown on black money, give emotional speeches and cite data while the Opposition marked it as a Black Day. "The real face of the Congress has been unmasked and a new India has emerged", he tweeted.



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