Nitish Kumar to chair meeting reviewing situation post demonetisation on Jan. 23

Bihar Chief Minister and Janata Dal (United) chief Nitish Kumar have called the party core committee meeting on January 23 here to discuss and analyze the situation post demonetisation.

"Party supported the move of the central government because it considered note ban a step towards curbing black money and fighting corruption. The 50 days target of the central govt. of stabilizing things after the note ban is now over. The party will analyse the issue specially," said the statement issued by the party.

Nitish has initially supported the Prime Minister's move to scrap the high-value currency of Rs. 1,000 and Rs. 500 currency notes and said that the initiative would bring some difficulties in the initial days, but people will benefit from it later.

But later, he announced that he will hold a meeting with economists to discuss the merits and demerits of the move.

The JD (U) General Secretary Pavan Varma said their party's stand is very clear from the beginning over demonetisation, adding that the meeting is just to review their position with regard to its efficacy and the goals of the move.

"Nitish Kumar had made the position of the JD (U) very clear. He has said that the JD (U) in an organised structural way will meet after December 31, after 50-days that was asked for by Prime Minister Narendra Modi when he implemented the demonetisation drive. We will meet to take stock of the situation and review our position with regard to efficacy and the goals of the demonetisation drive," Varma told ANI.

He further added that a discussion will take place in a structured way through examination of the facts and discussion within the party to come out with the position of the party on the drive.