Demonetization will end corruption and terror funding, says Indian Americans

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Demonetization shows the willingness to fight corruption and black money.old-500-rupee-note

An Indian American group has praised the move of Narendra Modi to demonetize the widely-used currency denominations of Rs. 500 and Rs. 1000.

A group of Indian Americans attending a panel discussion said that the demonetization policy of the BJP government will not only help to flush out black money and corruption but also make the digitalization process much faster.

The Panel Discussion held in Long Island, New York saw the presence of many Indian Americans. The popular voice raised during the panel discussion was in favor of demonetization which some participants felt was long overdue.

According to the Indian Americans, the move of the central government to demonetize the notes of R. 500 and Rs.1000 will help India realize its dream of a “corruption-free, transparent and developed” country.

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Jagdish Sewhani, president of the American India Public Affairs Committee, which had organized the seminar on demonetization said: “It is a revolutionary step, that will transform India. It would propel India on the path of becoming a developed country in the years to come.”

He also added that the decision taken by the government is challenging and required the backing of a strong leadership as its implementation will be a gargantuan task.

“Think about the scale of operation. 125 billion people and replacing more than 80 per cent of the currency at a notice of just four hours. The Indian government has come out with flying colors in the monumental implementation of this decision,” Sewhani said, adding no other country would have implemented it better.

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Calling the anti-demonetization slogans raised by the oppositions cynical, Sewhani said they were the people who wanted the government to fight corruption and black money.

Ajay Lodha, president of American Association of Physicians of Indian Origin (APPI), said the Indian American doctors of his association fully support the demonetization move.

“This would help us realize our dream of a corruption-free India,” he said, adding that he would convey the sentiments of Indian-American doctors in Bangalore next month where he would be attending the Pravasi Bharatiya Divas. “We are happy that such a step has finally been taken,” Lodha said.

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The President of Association of Indians in America Dr. Shashi Shah said the demonetization step taken by the Prime Minister has been accepted with great enthusiasm by  Indian Americans as it shows his willingness to fight against corruption and black money that has been pulling the Indian economy back.