Prasad said there should be a debate on the issue and the government is willing to listen to the Opposition's viewpoint and also respond.
"But let me ask a counter question, why is the opposition running away from a debate? Should we presume that they have nothing concrete to offer or they are not willing to hear our response?" he wondered.
The minister claimed that the measure to demonetise the Rs 500 and Rs 1,000 currency notes is being supported by the entire country, adding that the government has taken proactive steps for farmers or families to help them manage circumstances like weddings.
Hitting out at the Congress, Prasad said that the party is losing all moorings of statesmanship.
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"Do we do politics everywhere? Then I am entitled to ask a counter question, are you serious in the fight against corruption or not? In the fight against black money or not? Today, the backbone of Maoists has been broken, the backbone of terrorists has been broken," Prasad claimed, adding that demonetisation is already showing positive results.
"They are supposed to have articulated issues of propriety and probity in public life and this far-reaching change is going to implement in a very, very profound way," he added.