PM Narendra Modi’s address to the nation after he met three chiefs of armed forces and meeting the President lent to all sorts of speculation bordered on taking a momentous decision concerning threat to India’s security. But the demonetisation of Rs 500 and Rs 1000 notes which he dealt upon in extensive detail achieved two purposes: First, declaration of war against Pakistan pushing huge quantities of fake notes to terrorists, and secondly, equally effective in curbing the menace of corruption and black money hoarders who have done no less damage to country’s economy and security . The success of this bold step would help the poorer sections of society and the middle class who have been sucked into the corrupt system to become hapless victims. The immediate effect would be to impact severely on menace of black money.
H R Bapu Satyanarayana, Mysuru