Honest people need not worry about demonetisation, says Venkaiah Naidu

Venkaiah Naidu also said that farmers have no black money, hence they should not get panicked with the demonetisation decision.

By: PTI | Jaipur | Updated: November 11, 2016 2:22 pm
venkaiah naidu, naidu demonetisation, pm modi demonetisation, pm modi rupee change, 500 1000 notes, new rupee notes, new notes, rupee exchange, indian express news Union Minister Venkaiah Naidu said only the corrupt needed to worry about PM Modi’s demonetisation announcement. (Source: ANI Photo)

Union Minister M Venkaiah Naidu Thursday said the people who have earned their money with honesty need not worry and they should exchange their old currency notes at banks and post offices.

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“Do not panic. Your notes will not be invalid, if money is valid. Only those who are corrupt, terrorists, money launders need to worry after the PM’s announcement to ban Rs 500 and Rs 1,000 notes,” he said.

The Union Urban Development Minister said that farmers have no black money, hence they should not get panicked with the decision.

Prime Minister Narendra Modi had on Tuesday night announced withdrawal of 500 and 1,000 rupee notes from circulation in a bid to flush out black money.


Naidu was speaking at an MoU signing ceremony on the second day of Global Rajasthan Agritech Summit in Jaipur.

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  1. M
    Nov 11, 2016 at 6:59 am
    Demonetization is a really appreciable decision and it will definitely help in betterment of Country's present situation in long term but few precautionary measures should have been taken in avoid serious inconvenience to few set of people like villagers, people who are on travel, Uneducated people and small to micro businessmen's like street vendors etc.
    1. M
      Nov 11, 2016 at 6:54 am
      You mean, honest people can live without food and water ?
      1. V
        Nov 11, 2016 at 7:17 am
        Corruption, Tax Evasion, Communalism, Casteism, etc are inbuilt with Indian Blood and No one can Remove including the God. Why 2000/- new note???