GUWAHATI, Nov 9 - Chief Minister Sarbananda Sonowal has lauded Prime Minister Narendra Modi for his decision to scrap Rs 1,000 and Rs 500 notes with immediate effect and said the move would lead to an accelerated economic development of the nation.
In a statement here today, Sonowal said, �I welcome the bold decision taken by the Prime Minister in demonetisation of notes of Rs 1,000 and Rs 500 denomination, which will definitely be a step towards making a corruption-free society. Black money posed a serious threat to our society and the announcement on scrapping Rs 1,000 and Rs 500 notes will not only eliminate the menace of black money, it will also act as a deterrent against fake currency and corruption.�
Sonowal said that the decision has been taken in the larger interest of the people of the country, which would also go against insurgency and other illegal trade being perpetrated against the interest of the nation. He urged the people of the State �to exercise restraint� as the move might cause initial inconvenience to them. However, the decision has the potential of expediting the economic development of the country and will ensure economic well-being of all sections of the people, he added.
