Modi's strike on black money: This is how TN leaders reacted

Modi’s strike on black money: This is how TN leaders reacted

Unable to criticise the Government’s decision to demonetise Rs500 and Rs1000 currency notes, a section of  shell-shocked Opposition parties on Wednesday wanted the Modi Government to ensure that no hardship was caused to the common man even as another section whole-heartedly welcomed the move, intended at making the country corruption free.

Welcoming the demonetisation move, DMK chief K Karunanidhi asked the Centre to take steps to ensure that ordinary people and small traders who try to exchange the invalidated notes are not affected.

“It is the people belonging to the economically-backward sections, who are left reeling with prime minister Modi’s recent demonetisation announcement,” he said.

MDMK general secretary Vaiko said Prime Minister Modi deserved praise as he had delivered a deadly blow to black money holders who had been running a parallel economy.

Former Finance Minister P Chidambaram told reporters that a similar move was also contemplated by the previous UPA Government but the idea was dropped as “the economic gains were not too great”.

PMK youth wing leader Anbumani Ramadoss said if implemented properly, the move would benefit the country. “But it will severely affect the middle-class that has saved Rs. 500 and Rs. 1,000 notes for the marriage(s) and education of their children. The government should take steps to protect their hard-earned money,” he said.