Note ban: Govt not unprepared, hoarders upset as they didn't have time to 'prepare', says Modi

A day after former prime minister Manmohan Singh criticised the Narendra Modi government's demonetisation of old notes of Rs 500 and Rs 1,000, Prime Minister Narendra Modi hit back at those accusing the government of not preparing well for the move saying had the government given them chance to prepare, they would have converted all their black money into white.

Modi attacked the Opposition parties saying:

Modi was speaking at the Sansad Bhavan on Friday morning at the launch of the Gujarati edition of a book on late RSS leader Lakshmanrao Madhavrao Inamdar popularly known as Vakilsaheb. Modi has co-authored the book with RSS leader Rajabhai Nene.

Born in Satara, Maharashtra, Inamdar was jailed for eight months during the freedom struggle. He became an RSS pracharak in 1942 and handled various responsibilities in the saffron organisation. He is considered to be Modi's mentor.

Addressing those gathered at the launch, Modi once again hailed his government's decision to demonetise old notes of Rs 500 and Rs 1,000 saying that demonetisation has allowed common citizens of India to become a solider against corruption and black money. "India has often ranked low in global rankings on corruption. We need to improve it," reported PTI.

According to ANI, Modi said that India must move towards a cashless economy in order to to keep pace with changing times.

Modi had demonetised old notes of Rs 500 and Rs 1,000 on 8 July evening in a televised broadcast in order to curb black money, corruption and terror finance in the country. The move has caused a lot of inconvenience to the public inlcuding daily wage earners and farmers, and reportedly caused more than 70 deaths across the country.

The prime minister also praised BR Ambedkar, ahead of Constitution Day, which is celebrated on 26 November. He said, "Our Constitution has very special place in our lives; We remember Dr Ambedkar whenever we remember the Constitution."

With inputs from PTI

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Updated Date: Nov 25, 2016 10:52:30 IST