FM Nirmala Seetharaman lists down the merits of demonetization: Four years of demonetization
FM Nirmala Seetharaman lists down the merits of demonetization: Four years of demonetization
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November 8, 2020 marks the fourth anniversary of demonetization. On the fourth anniversary Union Finance Minister Nirmala Sitharaman called the Modi government's note-ban as an 'unprecedented attack on Black Money'. She added Demonetization has led to top better tax compliance. In a series of tweet, the union finance minister listed down the positives of the Modi govt move. 

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Tweet 1: "To fulfill its promise of freeing India from corruption, the Modi govt implemented Demonetisation 4 years ago on this day, today. The move that was an unprecedented attack on Black Money also led to better tax compliance and a major push to digital economy. #DeMolishingCorruption. 

Tweet 2: Demonetisation not only brought transparency and widened the tax base, it also curbed counterfeit currency and increased circulation. #DeMolishingCorruption. 

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The opposition Congress on Saturday announced that it will observe the fourth anniversary of demonetisation on Sunday as "Vikshwasghaat Diwas" (Betrayal Day).  AICC general secretary KC Venugopal has informed all state headquarters "to highlight the suffering of people" due to the note-ban decision organizing the press conference. 

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