Jammu and Kashmir DGP SP Vaid says demonetisation behind dip in terror, hawala transactions and stone-pelting

Jammu: Jammu and Kashmir DGP SP Vaid in an event attributed the dip in stone-pelting incidents in Kashmir to demonetisation and said the move had also helped in curbing hawala transactions and black money in the state.

The director general of police (DGP) was speaking at the '16th Veeranna Aivalli Memorial Debate' on Thursday.

"Demonetisation has helped in curbing terrorism, hawala transactions, black money and stone-pelting in Jammu and Kashmir," Vaid said after paying tributes to Aivalli, a former DGP of Jammu and Kashmir.

 Jammu and Kashmir DGP SP Vaid says demonetisation behind dip in terror, hawala transactions and stone-pelting

File image of SP Vaid. Wikimedia Commons

Stone-pelting is down by 90 percent in the Kashmir valley and so is hawala transactions and fake currency, the officer said.

The DGP also said that initiatives such as demonetisation and the Goods and Services Tax (GST) were bold moves in a country like India.

For the effective implementation of such policies, structural changes and creation of support infrastructure were necessary, he said.

Former DGP and patron of the Indian Institute of Public Administration Ashok Bhan said both the policy measures—the GST and demonetisation—were well-intentioned reforms and their real benefits will be seen in the future.

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Updated Date: Nov 24, 2017 19:27:32 IST