Split appears in JD (U) over demonetisation as Nitish Kumar hails PM Modi's move

This is the 2nd time that Nitish has come out in support of the scheme that has caused such outrage across the nation

Nitish Kumar
Nitish Kumar
ANI Patna
Last Updated : Nov 16 2016 | 10:55 PM IST

Don't want to miss the best from Business Standard?

With the JD (U) coming down heavily on the Centre over demonetisation saying the scheme was torturing the common man, Bihar Chief Minister and party chief Nitish Kumar made a surprising move and announced his complete support to the Prime Minister in the implementation of the scheme.

While addressing 'Chetna Rally' in Madhubani Nitish Kumar supported the Centre's decision of demonetisation and said this scheme will greatly help in stopping the churning of fake currency.

"The notes of Rs 500 and Rs 1,000 have been banned and I am in support of this. The fake currency will stop because of demonetisation and the people who earn black money by shady businesses, their money will be wasted," Nitish said.

"The central government should keep an eye on the anonymous property of people and raid it as soon as possible. A teacher, farmer, businessman, labour earns money by hard work but a person doing shady business lives a luxurious life without doing anything," he added.

However, the chief minister also urged the government to make sure that the poor and women should not suffer because of demonetisation.

"But my only suggestion is that a poor person living in villages should not face any problem and his notes should be exchanges as early as possible so that he can further do his work and the women should not face problems," he said.

This is the second time that Nitish has come out in support of the scheme that has caused such outrage across the nation.

"I welcome this development. Yes people are going to face challenges initially but they only will benefit from this in the later stage, so I support the Prime Minister's step," Nitish said on November 9.

However, the JD (U) has joined hands with the opposition parties in raising the issue of demonetisation in the winter session of the Parliament.

JD (U) leader Sharad Yadav told ANI that demonetisation has caused pain to the common man and has affected the business widely and this fact should be told to the government.

"Yesterday all the opposition parties stood together, we held a meeting and as an outcome the fact is that we all are against black money but the panic which has been created after banning of high denomination notes is worrisome.," said Yadav.

The month-long Winter Session of the Parliament is expected to be a stormy one, with opposition parties determined to corner the government on several issues, including the issue of demonetising Rs 500 and Rs 1,000 currency notes, which has caused massive outrage across the nation.

The recent government decision to demonetise Rs 500 and Rs 1, 000 notes has induced sharp reaction from the opposition parties, including Congress, Left, TMC, AAP and the JD (U), determined debate on the issue, keeping aside others.

Various parties have given notice for suspension of proceedings in the Rajya Sabha to discuss about demonetisation and the problems caused to the common man.

Prime Minister Narendra Modi has also urged the opposition parties in the all party meeting to put forth their arguments in the parliament session.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 16 2016 | 10:40 PM IST

Next Story