Demonetisation may impact polls, lot of politicians already worried: Parrikar

Parrikar explained the need to be 'unpredictable' as part of the nuclear strategy.

By: Express Web Desk | New Delhi | Updated: November 11, 2016 2:22:12 pm
Demonetisation, Manohar Parrikar, nuclear strategy, India nuclear strategy, Demonetisation economy, Banks demonetisation, Black money Union Defence Minister Manohar Parrikar

Nearly a fortnight after Rs 500 and Rs 1000 notes were demonetised by the government, Union Defence Minister Manohar Parrikar indicated on Thursday that the move may impact polls and said a lot of politicians are already worried. Parrikar was addressing a press briefing when he talked about demonetisation. He also said he came to know about the move to do away with the higher denomination notes only at the Cabinet meeting when the Prime Minister’s speech was aired. Parrikar said the next morning he realised he was the richest in the defence ministry as he had Rs 220 (in smaller change) in his pocket. The Rs 7,000 he also had did not matter then.

AUDIO: Worried About Replacing Rs 500 & Rs 1000 Notes? Don’t Fall For This Fraud Call

“This is an excellent step by the Prime Minister. Black money was used in elections. That black money has become null and void. So obviously, it will ensure more free and fair election,” he said speaking at the launch of the book “The New Arthashastra – A Security Strategy of India,” edited by Brigadier Gurmeet Kanwal (Retd).

He said there are “substantial counterfeit notes” which India’s enemies are using for terror funding. “As a Defence Minister I am very happy. In one strike it has all vanished,” he said.

For all the latest India News, download Indian Express App

Share your thoughts