Mangaluru Nov 15, 2016: Former Minister Krishna J Palemar said that people need not panic over demonetization of Rs 500 and Rs 1000 currency notes.
Addressing media at BJP office on Tuesday November 15 Palemar welcomed the decision of Prime Minister Narendra Modi’s surgical strike of black money. New currencies will be printed and distributed to banks and ATM’s and everything will be back to normal within a month time.
He further said that, this step will definitely bring changes in Indian economy and people need to co-operate with the decision of government to eradicate corruption.
During the development of economy the rupee value will also be increased. Everyone appreciated the move by Narendra Modi to demonetize currency, he added.
Bhagath Shetty, Ashok Krishnapura and others were present.