Currency ban has hit core of terror funding: Manohar Parrikar

Panaji: The Centre’s move to demonetize high-value banknotes has struck the “core of terror funding”, Defence Minister Manohar Parrikar said on Sunday.

“Demonetization has struck the core of terror funding and PM @narendramodi ji in his speech today emphasized on continuing to fight #BlackMoney,” Parrikar tweeted hours after sharing the stage with Prime Minister Narendra Modi in Goa.

Modi laid the foundation stone of various projects including Greenfield airport at Mopa and Electronic City at Tuem, both in north Goa.

During his address, Modi launched a scathing attack on detractors of the demonetisation move and announced that more anti-graft measures are on the anvil.

In his speech at a function in Pune, Modi said, “Enemies took advantage of the 14 lakh crore of Rs. 500 and Rs. 1,000 notes in circulation.”

Taking the nation by surprise, the Prime Minister on Tuesday announced demonetisation of Rs. 1,000 and Rs. 500 banknotes with effect from midnight of November 8 in a major assault on black money, fake currency and corruption.