The Centre's decision to do away with Rs 500 and Rs 1000 currency notes from midnight Tuesday to fight against black money was welcomed by the Janata Dal United JD (U) on Wednesday. It hoped that this step would curtail the counterfeit currency economy in the country. JD (U) leader Pawan Varma told ANI, however, that the blueprint has to be studied and an assessment has to be made on both the substantive measures taken and its implementation and what inconvenience it may cause on the citizen.
"However, certain issues comes to my mind on a tentative basis, the first is that the cause of the black money in our country is the nexus between politics and unaccounted money.
Now, so long as you don't initiate electoral reforms to short-circuit that nexus, somehow the black marketers in our country are ingenious than laws. And politics and politicians are complicit in this.....I am yet not clear as to how the new currency that has been introduced will not be also counterfeited," he said.
Source: 1 Nepal
"However, certain issues comes to my mind on a tentative basis, the first is that the cause of the black money in our country is the nexus between politics and unaccounted money.
Now, so long as you don't initiate electoral reforms to short-circuit that nexus, somehow the black marketers in our country are ingenious than laws. And politics and politicians are complicit in this.....I am yet not clear as to how the new currency that has been introduced will not be also counterfeited," he said.
Source: 1 Nepal
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