New Delhi: The government's move to withdraw currency notes of Rs 500 and Rs 1,000 denomination is its boldest step and a "surgical strike on black money", Revenue Secretary Hasmukh Adhia said on Tuesday.
Prime Minister Narendra Modi on Tuesday announced demonetisation of Rs 1,000 and Rs 500 notes with effect from
midnight, making these notes invalid in a major assault on black money, fake currency, and corruption.
"This is the biggest and the boldest step by the government for containing black money. It is like a surgical
strike on black money," Adhia tweeted.
Finance Secretary Ashok Lavasa said the step is another move to attack the biggest menace facing the country.
"Citizens must understand, cooperate & join the fight against corruption," Lavasa tweeted.
Modi said people holding notes of Rs 500 and Rs 1,000 can deposit the same in their bank and post office accounts from 10 November till 30 December.
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Published Date: Nov 08, 2016 11:07 pm | Updated Date: Nov 15, 2016 06:04 pm