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Demonetisation A Historic Step, Says Arun Jaitley
Demonetisation A Historic Step, Says Arun Jaitley

Finance Minister Arun Jaitley addresses the media after a BJP party meeting, speaking about the controversial demonetisation decision.

Here are highlights:

Demonetisation will help increase tax collection & enable greater rural investment, helping fight poverty: FM Arun Jaitley

When currency volume is high, it increases prevalence of black money, terrorism, tax evasion and counterfeit currency: FM Arun Jaitley

In most developed nations, 4% of GDP is currency; in India it is 12%: FM Arun Jaitley

Demonetisation has placed a premium on the honesty of the common man: FM Arun Jaitley

Very few Govt. decisions that will have as big an impact on economic, social and political life as this one decision: FM Arun Jaitley

Demonetisation will help increase tax collection & enable greater rural investment, helping fight poverty: FM Arun Jaitley

Difficulties may occur for a few days, these days business is slow: FM Jaitley

Digital economy will also get a boost by this decision: FM Jaitley

For next few weeks we are planning to focus on agricultural sector, Rabi season is also coming: FM Arun Jaitley

Some people saying even FM did not know of this decision, and then they say the party knew beforehand: FM Jaitley

By stopping the ‘normal’ of last 70 years, PM Modi has created a new ‘normal': FM Jaitley

Demonetisation will help removing poverty, this decision is for the good of the ocuntry: FM Jaitley

The entire country is welcoming this historic step: FM Jaitley

This is a big decision and government needed a lot of courage: FM Arun Jaitley

We are ready for discussion on #DeMonetisation , have said it many times: FM Arun Jaitley in BJP Parliamentary party meet

We passed a resolution in favour of #DeMonetisation , was moved by HM Rajnath Singh: Venkaiah Naidu after BJP Parliamentary party meet