Demonetisation has hit core of terror funding: Manohar Parrikar

Manohar Parrikar said that the Centre's move to demonetise high-value banknotes has struck the core of terror funding. 

Published: 13th November 2016 09:34 PM  |   Last Updated: 13th November 2016 09:35 PM   |  A+A-


Defence Minister Manohar Parrikar | PTI


PANAJI: The Centre's move to demonetise high-value banknotes has struck the "core of terror funding", Defence Minister Manohar Parrikar said today.
"Demonetization has struck the core of terror funding and PM @narendramodi ji in his speech today emphasized on continuing to fight #BlackMoney," Parrikar tweeted hours after sharing the stage with Prime Minister Narendra Modi in Goa.
Modi laid the foundation stone of various projects including Greenfield airport at Mopa and Electronic City at Tuem, both in north Goa.
During his address, the PM launched a scathing attack on detractors of the demonetisation move and announced that more anti-graft measures are on the anvil.
In his speech at a function in Pune, Modi said, "Enemies took advantage of the 14 lakh crore of Rs 500 and Rs 1,000 notes in circulation."
Taking the nation by surprise, the Prime Minister on Tuesday announced demonetisation of Rs 1,000 and Rs 500 banknotes with effect from midnight of November 8 in a major assault on black money, fake currency and corruption.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp