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Demonetisation—Mix reactions in Jammu

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sudershan308201213431204 STATE TIMES NEWS
JAMMU: Confederation of Indian Industry (CII) complemented Prime Minister Narendra Modi for taking the crucial decision of terminating high denomination notes.
Demonetization of Rs 500 and 1,000 currency notes is a major assault on black money, fake currency and corruption. In his televised address to the nation, Modi declared people holding notes of Rs 500 and Rs 1,000 can deposit the same in their bank and post offices accounts from 10th November till 30th December. In addition, there will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.
Sheikh Imran, Chairman, CII J and K State Council shared “This is bold step indeed. The impact of the decision to make Rs 500 and Rs 1000 no longer legal tender will be felt in addressing the issues of terrorism, counterfeit currency, and arms smuggling, as mentioned by Prime Minister. Such an initiative was recommended by CII several times in the past. It can be an effective mean of checking accumulation of wealth in cash. It needs unified effort for making this a successful step.”
Rahul Sahai, Vice Chairman of CII J&K stated “CII has always supported measures to root out corruption and black money. In its submissions to the Government, it has suggested measures to address electoral spending tackle black money and undertake steps to promote cashless transactions. This is indeed a great step for restricting the hurdles of corruption and black money. However, it requires an ample effort for successful execution and support from all stakeholders. We need to follow the guidelines by RBI to avoid any further hassles.”
Arun Gupta, CII industry member from Udhampur shared “This is a great step for long-term results, however, some initial problems need to be tackled smartly by all stakeholders. Once that phase is over, we are on the right track.”
Ravnish Gulati, senior CII Industry member congratulated the Central Government for the decision. He voiced for more such steps to follow to strengthen the economy of our country.
Senior PDP leader, Sudershan Choudhary hailed the historic decision taken by the Prime Minister, Narendra Modi which will tackle the issue of black money appropriately besides putting a halt on flow of counterfeit currency and contain terrorist activities.
In a statement issued here today, Sudershan welcomed and supported Centre’s decision to withdraw Rs1,000 and Rs 500 currency notes saying it would help country’s economy in the long run.
He called upon people not to panic and follow government guidelines for exchange of currency notes. He welcomed bold step of Government of India which will help unearth unaccounted money and counterfeit currency. He said that the announcement made by Prime Minister Narendra Modi will help in curbing the menace of black money to a large extent.
Describing demonetization of Rs500 and Rs1000 notes as a welcome step for the nation, Vice-President Yudhvir Sethi said that the recent move is a surgical strike against corruption, black money and has been well appreciated by one and all in the country. “Prime Minister Narendra Modi has struck a big blow to the Hawala operators, fake currency operators, corruption creators and black money hoarders and we all support the bold initiative,” he added.
Yudhvir said this, while leading a support rally of various trade associations, here today.
Among others who were present in the rally include Surinder Mahajan, Chairman Purani Mandi Business Man Association, Ramesh Mahajan President Rajinder Bazar Association, Joginder Mahajan President Old Hospital Road Association, Satinder Mahajan Chairman Malhotra Bazar Association, Rakesh Mahajan President Malhotra Bazar Association, Anil Masoom President Sanatan Dharam Natak Samaj, Ajay Vaid National Centre Committee Sarafa Association, Arun Sethi President Jain Bazar Association, Rajesh Verma President Dhounthaly Bazar Association, Ashu Gupta President travel Association Bus Stand, Amit Luthra Chairman Jai Durga Yuva Sanastha, Hira Singh President Rani park Gurudwara, Madhu Sudan President Busstand Shop Keeper Assocation, Madan Gopal (Tony) State Media Secretary OBC Cell, Sandeep Gupta and Aman Singh.
Meanwhile, General Secretary in Youth Congress Jammu Poonch Lok Sabha, Ricky Dalotra condemned the Modi Government demonetization of currency notes and termed it a publicity stunt to gain more votes in Punjab and UP elections. This publicity stunt is not going to work as it will not bring down the corruption and make citizens to suffer. He said Modi Government should have to think about the Indian Army and other suffering people in the country other than doing these kinds of publicity stunts.

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