{"id":7359,"date":"2016-11-09T18:09:00","date_gmt":"2016-11-09T12:39:00","guid":{"rendered":"http:\/\/www.kashmir.today\/?p=7359"},"modified":"2016-11-09T18:09:00","modified_gmt":"2016-11-09T12:39:00","slug":"jk-govt-hails-pms-currency-scrap-decision","status":"publish","type":"post","link":"https:\/\/kashmir.watch\/?p=7359","title":{"rendered":"JK Govt hails PM\u2019s currency scrap decision"},"content":{"rendered":"<h5><strong><em>\u2018Major blow to Pakistan\u2019s fake currency export\u2019: Deputy CM<\/em><\/strong><\/h5>\n<div><em><strong>Srinagar:<\/strong> Stating that Pakistan which has been pumping fake currency to India through various channels will be receiving set back with the scarping of the currency of 500 and 1000 notes, the Jammu and Kashmir Deputy Chief Minister Dr Nirmal Singh <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_550336457\"><span class=\"aQJ\">Wednesday<\/span><\/span> said that Narender Modi led government have taken a historical decision of scraping the currency.<\/em><\/div>\n<div>\n<p><em>\u201cThis historical decision will definitely yield the results by a strong check on the black money and the elements in Jammu and Kashmir will stop getting money from Pakistan, which would not be able to pump the fake money,\u201d Nirmal Singh told KNS over phone from Jammu.<\/em><br \/>\n<em>He further said that Pakistan was in a habit of printing Indian currency much more than the Pakistan currency to facilitate the elements responsible for the turmoil and other untoward incidents in Jammu and Kashmir. \u201cThe fake currency inventory with the elements will get neutralized and they must be worried at this point of time,\u201d the Deputy CM maintained. <\/em><br \/>\n<em>He further elaborated on the issue by saying that the decision would come much handy for economic growth of Jammu and Kashmir and the real estate prices would be stable. \u201cThe banks in Jammu and Kashmir would start operations in a day or two and the clients would get the new currency notes. People should cooperate on the decision and should not get worried. As in overall scenario this is for the benefit of the general masses for economic growth,\u201d Singh maintained.<\/em><br \/>\n<em>He said that the Jammu and Kashmir government welcomed the bold step taken by the Prime Minister which will help unearth unaccounted money as well as counterfeit currency. \u201cWe feel proud of PM Narendra Modiji&#8217;s strike against black money and corruption. His decision to discontinue Rs 500 and Rs 1000 rupee note will immensely help in eliminating corruption. On behalf of the Jammu and Kashmir government, I compliment the Central government and the PM for taking tough but timely and path-breaking measures,\u201d he said.<\/em><br \/>\n<em>It is to mention here that Prime Minister NarendraModi <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_550336458\"><span class=\"aQJ\">Tuesday<\/span><\/span> announced demonetization of Rs 500 and 1000 currency notes.<\/em><br \/>\n<em>In his televised address, Modi has said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_550336459\"><span class=\"aQJ\">November 10<\/span><\/span> till <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_550336460\"><span class=\"aQJ\">December 30<\/span><\/span>.<\/em><br \/>\n<em>Modi has further said the notes of Rs 500 and Rs 1000 \u201cwill not be legal tender from <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_550336461\"><span class=\"aQJ\">midnight<\/span><\/span><span class=\"aBn\" tabindex=\"0\" data-term=\"goog_550336462\"><span class=\"aQJ\">tonight<\/span><\/span>\u201d and these will be \u201cjust worthless piece of paper.\u201d However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid.<\/em><br \/>\n<em>He also announced that new notes of Rs 2000 and Rs 500 will be introduced. (KNS)<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Major blow to Pakistan\u2019s fake currency export\u2019: Deputy CM Srinagar: Stating that Pakistan which has been pumping fake currency to India through various channels will be receiving set back with the scarping of the currency of 500 and 1000 notes, the Jammu and Kashmir Deputy Chief Minister Dr Nirmal Singh Wednesday said that Narender Modi [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-7359","post","type-post","status-publish","format-standard","hentry","category-union-territory"],"_links":{"self":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/7359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7359"}],"version-history":[{"count":0,"href":"https:\/\/kashmir.watch\/index.php?rest_route=\/wp\/v2\/posts\/7359\/revisions"}],"wp:attachment":[{"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmir.watch\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}