Prime Minister Narendra Modi, he said, has given an "effective direction" to the need to establish an accountable and transparent democratic system which is sensitive to the common man and free from corruption.
"I congratulate Narendra Modi for taking the bold and decisive step towards dealing with the problem of black money-- a commitment and resolve that the BJP has always striven for," he said in a statement.
Modi last night announced that high denomination notes of Rs 500 and Rs 1000 will no longer be legal tender to fight against black money and corruption.
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