Home Minister Rajnath Singh tonight welcomed Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes, saying the decision has given a big blow to the blackmoney and counterfeit currency.
In a statement, Singh described the Prime Minister's decision as "courageous and bold" and said India's fight against corruption and terrorism will now be strengthened with demonetisation of Rs 1,000 and Rs 500 notes.
"By doing away with Rs 1,000 and Rs 500 notes, the Prime Minister has dealt a big blow to the flow of counterfeit currency and blackmoney in Indian economy," he said.
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