Odisha BJP claims demonetisation boosted economy and reduced Naxalism
What happened
A BJP spokesperson stated that the demonetisation exercise, which the central government announced in November 2016, contributed to boosting the economy of Odisha. The spokesperson claimed the move helped bring financial transactions into formal banking and digital systems and neutralized counterfeit notes. The claims were made on the tenth anniversary of the exercise.
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Why it matters
The spokesperson asserted that the demonetisation exercise dealt a blow to the ecosystem of corruption and violence fueled by unaccounted cash and 'hawala' transactions. The claims suggest the exercise played a role in changing the security situation in Odisha.
Prime Minister Narendra Modi has highlighted Odisha's strong economy and cultural traditions as part of government campaigns to attract investments.
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Who's involved
- Narendra ModiPrime Minister who oversaw the central government's demonetisation announcement
- OdishaState where the spokesperson claimed demonetisation boosted the economy
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The entities involved
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Narendra Modi
Prime Minister of India since 2014
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Odisha
state in Eastern India
Related events
- Modi's government is promoting financial inclusion initiatives in the state of Odisha.
- PM Modi supports Odisha's infrastructure development, while CM Majhi praises his leadership and vision.
- Odisha government authorizes a new assistance scheme on September 5, 2026.
- PM Modi addressed the Indian public on economic policy.
- PM Modi visited Odisha to inaugurate a new RBI data centre and lay the foundation stone for the RBI in the state.