Hyderabad: Hailing the move to scrap Rs 500 and Rs 1000 currency notes, spiritual guru and Art of Living founder Sri Sri Ravi Shankar said it would curb corruption and black money and impact only those who have hoarded money illegally.
He also congratulated Prime Minister Narendra Modi for taking this "bold move and ushering in Artha Kranti (financial revolution)."
"The demonetising of high value currency is good for the country. It will curb corruption, black money and terrorism," he said in a statement.
"There is no need to worry. No one will lose their hard-earned money since the government has made provisions for exchanging the 500 and 1000 notes easily with other legal notes.
"This move from the government will only impact those who have hoarded money illegally. The government is taking all efforts to see that the common man is not inconvenienced. In fact, this decision has brought a sigh of relief for all of us who have been fighting corruption all these years," Ravi Shankar said.