DHAKA: Indian Prime Minister Narendra Modi said Indian rupee 500 and 1000 notes will not be used to fight black money.

The Indians have 50 days to turn them into banks and post offices.

The premier said this while addressing the country on Tuesday (November 8).

The PM met a few hours ago with all three military chiefs amid major ceasefire violations by Pakistan in Jammu and Kashmir.

He said “Corruption and black money are diseases rooted in this country and those are obstacles to our success. We are among fastest-growing economies, but we also rank so high in global corruption rankings.”

“Our measures to check black money are paying off. A voluntary disclosure scheme for undeclared money saw a good response. A Special Investigating Team is making progress to identify who has sent money abroad”, he further said.

Narendra Modi said “1.25 lakh crores of black money has been recovered.”

BDST: 2121 HRS, NOV 08, 2016
AP/BD