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4 years on, PM Narendra Modi says demonetisation demolished corruption

On November 8, 2016, Modi announced the decision to ban all currency notes of denomination of 500 and 1,000 from midnight

Narendra Modi
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Demonetisation has helped reduce black money, increase tax compliance and formalisation and given a boost to transparency, Modi claimed

Press Trust of India New Delhi
On the fourth anniversary of note ban, Prime Minister Nare­ndra Modi on Sunday said it helped reduce black money, increase tax compliance and formalisation, and gave a boost to transparency.

On November 8, 2016, Modi announced the decision to ban all currency notes of denomination of 500 and 1,000 from midnight.

Taking to Twitter, Prime Minister Modi listed the beneficial outcomes of demonetisation. 
 
“Demonetisation has helped reduce black money, increase tax compliance and formalisation and given a boost to transparency.”

“These outcomes have been greatly beneficial towards national progress,” Modi tweeted with  the ‘DeM­olishingCorruption’ hashtag.  Along with his tweet, the prime

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