HomeNewsTrendsCurrent AffairsRamdev hails PM Modi's demonetisation move

Ramdev hails PM Modi's demonetisation move

"This decision is taken in the interest of the country, to bring black money into mainstream...It is the biggest assault on terror funding so far. We congratulate the Prime Minister for taking such a tough decision," Ramdev told reporters along with other religious leaders attached to Hindu Dharma Acharya Sabha here.

November 22, 2016 / 08:42 IST
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Yoga guru Ramdev hailed Prime Minister Narendra Modi for demonetising Rs 1000 and Rs 500 currency notes, but demanded that the NDA government ban the newly-introduced Rs 2000 note to see the fight against black money yield result in the long run.

"This decision is taken in the interest of the country, to bring black money into mainstream...It is the biggest assault on terror funding so far. We congratulate the Prime Minister for taking such a tough decision," Ramdev told reporters along with other religious leaders attached to Hindu Dharma Acharya Sabha here.

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The Sabha claimed demonetisation will not only achieve the stated objectives of combating black money, corruption and terrorism, but will also bring in financial equality making life easy for common people.

Asked about the government's decision to introduce Rs 2000 currency note, Ramdev said, "...I am against allowing high-value notes. The government has brought the Rs 2000 note for a temporary period. It should bring the notes in small quantity. (But) it should ban the note in future to see the campaign against black money, corruption, terror funding, naxalism has solution in the long-run. Or else, again the black money will accumulate." Hitting out at "those opposing" demonetisation, Ramdev said those doing so are committing treason and warned political parties taking an opposite stand on the matter will be routed. He termed Rahul Gandhi's criticism of demonetisation as "political drama".