Demonetisation ended terror-funding, stone-pelting: Parrikar

November 14, 2016 22:50

Since the demonetisation of high currency notes terror funding has come down to zero and there hasn't been stone-pelting on security forces, Defence Minister Manohar Parrikar said.

He thanked Prime Minister Narendra Modi for the "daring" move, which, he said, will also help clamp down on the narcotic drugs.

"Earlier, there were rates: Rs 500 for stone pelting (on security forces in Kashmir) and Rs 1,000 for doing something else. PM has brought terror funding to zero," Parrikar said.

"In the last few days after PM's daring move there hasn't been stone pelting on security forces. I congratulate PM for it," he said, speaking at an event organised by the BJP MLA Atul Bhatkhalkar.

Talking to reporters later, Parrikar said those who sponsor terror will be affected by the demonetisation.

Earlier, at the event, Parrikar said, "Bhatkhalkar did not tell me beforehand that he will felicitate me."

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