Watershed moment in India's economic history: Jaitley on demonetisation

In a blog on Facebook, the finance minister wrote, 'Indians were forced to live with this attitude of 'chalta hai' with respect to corruption and black money'

Ahead of the first anniversary of the demonetisation drive, Finance Minister Arun Jaitley on Tuesday said that November 8 will be remembered "as a watershed moment in the history of Indian economy.

In a write-up on Facebook, Jaitley wrote a blog on note ban, saying the day would be stated as the current government's cure for the country from the "dreaded disease of black money".

Last year, on November 8, Narendra Modi-led government announced the withdrawal of old Rs 500 and Rs 1,000 currency notes in a bid to curb black money, cross-border monetary transactions of counterfeit currency.

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