PANAJI: The Centre's demonetisation move rooted out fake currency, squeezed terror funding and helped unearth black money, chief minister Manohar Parrikar said while speaking on the sidelines of an event at the National Institute of Oceanography, Dona Paula, on Tuesday.
"Notebandi was a good decision. Several illegalities were reduced. We must look at its positive side. There has been an impact on fake currency and terror funding," Parrikar said.
Wednesday marks the completion of a year since Prime Minister Narendra Modi announced the demonetisation of Rs 1,000 and Rs 500 currency notes.
During the exercise, the BJP-led government had stated that its objectives were to curb black money, make India corruption-free and prevent the flow of funds through illegal activity.
"There has been an impact on black money. It is something that can't be done away in a matter of days," Parrikar, who also holds the state's finance portfolio, said.
On November 25 last year, he had announced that Goa would be the first cashless state by December 31, 2017.
"Notebandi was a good decision. Several illegalities were reduced. We must look at its positive side. There has been an impact on fake currency and terror funding," Parrikar said.
Wednesday marks the completion of a year since Prime Minister Narendra Modi announced the demonetisation of Rs 1,000 and Rs 500 currency notes.
During the exercise, the BJP-led government had stated that its objectives were to curb black money, make India corruption-free and prevent the flow of funds through illegal activity.
"There has been an impact on black money. It is something that can't be done away in a matter of days," Parrikar, who also holds the state's finance portfolio, said.
On November 25 last year, he had announced that Goa would be the first cashless state by December 31, 2017.
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