Govt’s demonetisation decision “historic & bold”: VHP

New Delhi: The Vishwa Hindu Parishad today termed the demonetisation of currency notes of Rs 500 and Rs 1000 by the Modi government as “historic and bold” and said it will not only curb black money but also terrorism and smuggling.

Terming the government’s move as “historic and bold” VHP’s international joint General Secretary Surendra Jain appealed to the people of the country to stay with the Union government’s important decision and implement it whole heartedly even though they feel some temporary difficulties, for the long term national interest.

Prime Minister Narendra Modi yesterday announced that high denomination notes of Rs 500 and Rs 1000 will no longer be legal tender from midnight, as he declared a “decisive” war against black money and corruption while disclosing a raft of steps to assure commoners that their money is safe.

In his televised address to the nation, Modi announced a 50-day window from November 10 to December 30 for those having these notes to deposit them in their bank and post office accounts “without any limit”.