PHD Chamber Welcomes Demonitization OF Rs.500 & Rs.1,000 notes

PHD Chamber of Commerce and Industry has complimented the NDA government under the Prime Ministership of Mr. Modi for demonetization of currency notes of Rs.500 and Rs.1,000 with sufficient alternates for public at large, describing the move as one of the most unprecedented reforms of independent India.

Applauding the move, President, PHD Chamber, Dr. Mahesh Gupta in a statement issued here today, said that it would address the issue of black money, curb financing of cross border terrorism and equally tackle the issue of fake currency that has acquired a serious and dangerous proportion.

Dr. Gupta appealed to the masses in general and industry in particular that with this decision, there bound to be some inconvenience to the public at large and other segments of the society including industry. However, India is sufficiently geared up to take on such an inconvenience which is for the national cause and the entire society should be prepared for it.

The President, PHD Chamber has also appealed to entire industrial community and chambers of commerce and other such association to whole heartedly support the government in its endeavour for demonetization of Rs.500 and Rs.1,000 notes.

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