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Business News/ Politics / Policy/  Rs1000, Rs500 notes ban: Arthkranti, Maharashtra NGO, campaigned for move
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Rs1000, Rs500 notes ban: Arthkranti, Maharashtra NGO, campaigned for move

Arthkranti activists say they had campaigned for scrapping of Rs1000, Rs500 notes and even written a letter to PM Modi on the issue as recent as 26 October

Arthakranti on 26 October had sent a letter asking PM Narendra Modi to implement the demands of Arthkranti specially the denominations. Photo: Pradeep Gaur/MintPremium
Arthakranti on 26 October had sent a letter asking PM Narendra Modi to implement the demands of Arthkranti specially the denominations. Photo: Pradeep Gaur/Mint

Mumbai: In the wake of demonetisation of certain currency notes, a group of activist from Maharashtra said they had campaigned for scrapping of high denomination notes and even written a letter to Prime Minister Narendra Modi on the issue as recent as 26 October.

Arthkranti, a group of like-minded activists that was founded by Aurangabad-based activist Anil Bokil, has been campaigning for the scrapping of Rs1,000 and Rs500 denomination for some time.

“Arthakranti on 26 October had sent a letter asking Prime Minister Narendra Modi to implement the demands of Arthkranti specially the scrapping of denominations. The Jan-Dhan yojana was also part of our demand and it has covered maximum population so far," Yamaji Malkar, trustee of Arthkranti said.

“The denominations like Rs500, Rs1,000 and Rs100 cover 95% value of Indian economy. The average daily income of common man is Rs150; hence we argued that higher denomination notes are more used for stashing cash. It was more helpful for black-money generation than any use to the people," Malkar said.

Bokil first met Modi in 2012 when he was Gujarat CM and he had assured Bokil of implementing his recommendations, according to Malkar.

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Published: 10 Nov 2016, 06:35 PM IST
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