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Demonetisation: Nitish says he has taken principled stand

Press Trust of India  |  Patna 

today said he has taken a principled stand on as he is convinced that the step will help fight black money and laughed off reports of his meeting with President as background to his support.

"I support as I'm convinced that it will help in the fight against black money," Kumar said addressing a function to mark Prohibition Day here.

With political meaning being derived from his stand on which is different from those of Congress, RJD and other non-parties, Kumar said he has taken a principled stand as in his opinion scrapping of high value bank notes would help in diluting black money.

"Is this the first time that I have taken a principled stand which might be politically different from others on an issue on which I'm convinced?" Kumar, who had reminded the media yesterday that he had supported for presidentship despite being a member of

"Will those hoarding black money be able to deposit the entire volume in bank accounts? Reserve Bank could issue new notes against a quantity of black money which would not find way to banks during the current drive," he said expressing views on demonetisation raging in national politics.

Kumar, who is also JD(U) National President, laughed at reports appearing in a section of media here which attributed his support to demonetisation to his secret meeting with chief at a farmhouse recently.

"Had the reporter who gave this taken me to the farmhouse where I met " he said and lamented over such "baseless which hitherto was prevalent only in platform".

Kumar, who has described the Centre's demonetisation decision as "sahshik" (courageous), said in addition to scrapping of higher denomination currencies, attack on benami properties and prohibition could lead to creation of "kala dhan mukt Bharat" (black money free India).

He said when he spoke of benami properties it includes real estate as well as stocking of gold and diamonds with the help of ill-gotten wealth.

"I will urge Prime Minister Narendra Modi that this is the right time to immediately hit at benami properties as well clamp liquor ban for better results against black money," he said.

Kumar, who has taken prohibition in a mission mode in Bihar, said it is well known that people involved in liquor trade have amassed huge benami properties.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 16:22 IST