In a move to stamp out black money from economy, Prime Minister Narendra Modi on Tuesday announced demonetisation of Rs 500 and Rs 1,000 currency notes.
Prime Minister Narendra Modi on November 8 announced demonetisation of Rs 500 and Rs 1000 currency notes. This step was taken to eradicated black money from the economy.
Modi also announced to replace Rs 500 and Rs 1000 notes with new currency notes of Rs 500 and Rs 2000. From today onwards all the banks across nation have started issuing new notes.
However, if you think this decision of his came in a day, you are highly mistaken. Read further to know who proposed the idea of demonetisation of old notes to Modi.
According to the sources, an Aurangabad based chartered accountant and a member of “ArthaKranti” proposed the idea of demonetisation to curtail black money from the economy.
Earlier in July 2016, Mr Anil Bokil discussed his idea of demonetising old currency notes and to limit the monetary transactions with PM Modi to curb the growing menace of black money in Indian economy.
It is also believed that Bokil were alotted with just 9 minutes initially, after which his Narendra Modi increased the meeting time and discussed the matter with him for two hours, reports said.