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Demonetisation helped reduce terror activities in Kashmir: Arun Jaitley

Modi had in November last year announced scrapping of old notes of Rs 1,000 and Rs 500 notes

Press Trust of India  |  Washington 

Arun Jailtey, Jaitley
Union Finance Minister Arun Jaitley (Photo: PTI)

The has resulted in a sharp reduction in insurgent and terror activities in where stone throwers were no longer active in the last 8-10 months, Minister Arun said.

He made the remarks while refuting the impression that transformational initiatives like 'Swachh Bharat', and have not resulted in any changes on the ground.


The minister said following the demonetisation, there has been a sharp reduction in insurgent and terror activities in states like Jammu & Kashmir and Chhattisgarh.

The terror funding itself has gotten squeezed, said in a keynote address via video conference - to the Berkeley Conference yesterday ahead of his visit to the US to interact with the corporate world and attend the annual meeting of IMF and World in DC.

"You are having terrorist incidents (now), but the fact that you were finding 5,000-10,000 stone throwers being provided with money by the terrorist organisations, why is it that in the last 8-10 months it has not happened?" he asked.

In a surprise announcement, Prime Minister the Narendra Modi had in November last year announced scrapping of old notes of Rs 1,000 and Rs 500 notes, in a bid to clamp down on black money, fake currency menace, terror funding and corruption.

First Published: Sun, October 08 2017. 14:39 IST
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