Ratan Tata calls demonetisation a ‘bold act’

"Demonetisation of old currency notes by the Modi government is a bold act that will wipe out black money and corruption. It deserves our support,"tweeted Ratan Tata.

By: Express Web Desk | New Delhi | Updated: November 22, 2016 9:50 pm
Ratan Tata, Ratan Tata supports demonetisation, Ratan Tata supports Modi's demonetisation move, Ratan Tata on demonetisation, Ratan Tata tweets, demonetisation bold move, Narendra Modi, Tata and sons, indian express news Ratan Tata

Industrialist Ratan Tata on Tuesday joined the list of businessmen who have supported Modi government’s demonetisation policy. Ratan Tata, who recently replaced Cyrus Mistry as the Chairman of Tata Sons, in his latest tweet lauded the government’s decision to demonetise high value currency notes saying it will wipe out corruption. “Demonetisation of old currency notes by the Modi government is a bold act that will wipe out black money and corruption. It deserves our support,”tweeted Ratan Tata.

Prime Minister Narendra Modi had on November 8 announced the decision to demonetiose currency notes of Rs 500 and Rs 1000, leaving all Indians surprised. While many saw it as Modi’s masterstroke against black money and corruption, other thought it was a big blunder by the government. The move was aimed at curbing black money, check circulation of fake currency and terror funding. Following the announcements, long queues have been seen outside banks for exchanging and depositing the old currency.