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Inspired by MODI government, the Australian government may announce ‘Demonetisation’ to curb BLACK MONEY.

  • 3 weeks ago

In the wake of demonetisation, India confronted some intense issues, and the Opposition too continually focused on the Center for their decision. However, PM Modi’s decision has a help from a foreign country.

Presently, Australia is by all accounts motivated by the move and in an interview with The Indian Express, Harinder Sidhu, Australia’s High Commissioner to India, tells that taking after demonetization decision here, her country too is looking at ‘demonetizing the most noteworthy denomination note’.

She said that she was greatly inspired by how the government has been fighting about demonetisation impacts.

Sidhu added, “I am watching with great fascination how it unfolds — if it works, it will be a profound change for the Indian system. It’s certainly the most radical policy I’ve ever seen put into effect. I’m very impressed with how the government has been grappling with it.”

In reference to the issue of battling Black Money in Australia, she said the nation may take motivation from India.
“We’ve just announced a black money task force in Australia; there’s been some conversation about demonetising our highest denomination note,” she said.

 


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