M Karunanidhi welcomes demonetisation move

He asked the Centre to "take steps to ensure that ordinary people and small traders (who try to exchange the invalidated notes) are not affected."

By: PTI | Chennai | Updated: November 9, 2016 8:17 pm
DMK chief, MK karunanidhi, demonetisation, 500-1000 notes invalid, pm, naredra modi, BJP, rajdeep surjewala, indian express news, curb black money DMK President M Karunanidhi (Source: File Photo)

Welcoming the demonetisation move, DMK chief M Karunanidhi on Wednesday asked the Centre to take steps to ensure that ordinary people and small traders who try to exchange the invalidated notes are not affected. He, however, said the views of the Congress on the issue cannot be brushed aside. He referred to Congress chief spokesperson Randeep Surjewala’s statement on Tuesday, attacking Prime Minister Narendra Modi on the demonetisation of Rs 500 and Rs 1000 currency notes. Surjewala had alleged that the entire mechanism had been evolved by him only as “a ploy to cover the failure of his promise” to get back black money stashed abroad and deposit Rs 15 lakh into the account of every citizen.

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“Although it is a welcome announcement, we could only see ordinary people, small traders, auto rickshaw drivers teaming up in the streets as there are no takers for the invalidated Rs 500 notes,” Karunanidhi said in a statement. He said a “large chunk of black money was lying in several forms in foreign countries. The list of those with a few crore black money is growing. Since it is being said that the move is to eliminate black money, we could welcome it. However, rather than the very rich, only the ordinary, middle and poor people are more affected.”

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Recalling a similar move made in 1978 by the then Prime Minister Morarji Desai demonetising Rs 1,000, Rs 5,000 and Rs 10,000 notes, he said, “it should be considered how much black money was eliminated following the 1978 move and now a very guarded approach should be undertaken.” He asked the Centre to “take steps to ensure that ordinary people and small traders (who try to exchange the invalidated notes) are not affected.”