Tata Sons Chairman Ratan Tata in a new tweet today said that the government’s demonetisation programme is among the three most important economic reforms in India’s history.
“Demonetisation is amongst the three most important economic reforms in India’s history, along with delicensing and GST. The Prime Minister’s recent focus on mobile and digital payments will also facilitate the transition from a cash driven economy to cashless economy, which in the long term, will enormously benefit the poor and the underprivileged,” Ratan Tata's tweet said.
The parallel black money in India has fuelled tax evasion, money laundering and corruption. The Prime Minister has displayed enormous courage in waging a war on the black market economy of the country through the implementation of a major demonetisation programme, the tweet said.
The government’s firm resolve to fight and eliminate black money needs the support and co-operation of all like-minded citizens of India who would like to see a more equitable distribution of the nation’s resources in a new India of tomorrow, based on merit and equal opportunity, it added.
Earlier on Tuesday, Ratan Tata had hailed the government’s move to demonetise high-value currency notes as a bold act as it will eliminate black money and corruption.
“It deserves our support,” he had said in a tweet.