The government’s demonetisation move is a historic step: Venkaiah Naidu

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Union Minister Venkaiah Naidu on Friday said that it was not fair for television channels to dwell on the inconvenience caused by the government’s move to demonetise the old Rs 500 and Rs 1000 notes. Naidu was speaking at Economic Editors’ Conference 2016.

“TV channels can show the inconvenience caused by demonetisation, but it’s not fair to only dwell on it, he said, adding, “Buses, metros, everything except black money is moving, nothing has come to a halt.”

Naidu also announced, “We have decided to do away with the requirement for TV channels to renew their license annually.”

Hailing the government’s demonetisation move as a ‘historic step’, he said, “With the parallel economy acquiring menacing proportions, government has taken this decisive and bold measure.

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