People with legitimate cash need not worry: Arun Jaitley

Finance Minister Arun Jaitley said on Wednesday that Indian economy needs to become cashless soon and people with legitimate cash should not worry at all.  

Last Updated: Nov 09, 2016, 12:32 PM IST
People with  legitimate cash need not worry: Arun Jaitley

Zee media bureau

New Delhi: Finance Minister Arun Jaitley said on Wednesday that Indian economy needs to become cashless soon and people with legitimate cash should not worry at all.  

Jaitley articulated that the latest step by the government to demonetise Rs 500 and Rs 1,000 notes has made people with black money worried.

He said all the arguments against this latest move is only by those who possess substantial amount of black money.

Jaitley informed that people who have cash stashed at home should not panic and get it exchanged in nearby banks and post offices.

He said that the demonetisation move shows it pays to be honest. It may prove to be inconvenient for sometime but long term prospects are bright, he added.

Jaitley also added that real estate will become more affordable now.