New Delhi: Leading businessman Sunil Bharti Mittal today lauded move of government to end old currency note of Rs 500 and Rs 1000 to check black money and said people should rejoice transformation rather than worrying.
"This is a very thoughtful and bold move by the Prime Minister, which will reinforce the faith of the people in the ideas of transparency and governance. This step will not only clean up the scourge of parallel economy, but will also provide a major fillip to the nation's transition into a cashless digital economy," Mr Mittal, Founder and Chairman, Bharti Enterprises, said in a statement.
Prime Minister Narendra Modi last night announced demonetisation of Rs 1,000 and Rs 500 notes with effect from today.
"This is the time for the business and people of the country to rejoice the transformational initiative by the Government, rather than worry about the short term inconvenience that they may face," he said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
