Jammu: After withdrawal of Rs 500/1000 notes, there has been a decline in violence instigated by separatists in the Kashmir Valley, ANI quoted MHA sources as saying.
Meanwhile, terming the demonetisation move as a "financial surgical strike", BJP on Monday said it has put a nail in the coffin of separatism and militancy in Kashmir and that the situation in the valley would never be the same again.
"Militancy and separatism in Kashmir will never be the same after the financial surgical strike by Prime Minister Narendra Modi. The well-timed and extremely well-executed move on blocking currency of high denominations by the Union government has put a nail in the coffin of separatism and militancy in the state," BJP's Jammu and Kashmir chief spokesperson Sunil Sethi said.
He said it was a matter of common knowledge that the unrest in the valley was sustained by "fake currency and hawala money" from across the border.
With the withdrawal of high denomination currency notes, money flow to Kashmir will be effectively stopped, which will ensure peace in the region, he said.
"The correction in system carried by currency reforms will be here and more anticipated reforms of the central government will ensure that in future, nobody will be allowed to run business of terror and blood in this land of peace," he said, as per PTI.
Sethi said that though people are at present facing some difficulties because of the shifting of system, this is being done for larger interest of nation, which is being welcomed by public at large.
State BJP has called upon public to stand with historical reforms being executed by Central government for larger benefits of coming generations and peace and progress of nation, he added.
"The amount of money, which will become available to the government as unclaimed amount, will be huge enough to sustain unprecedented developments projects in country," he said.
"The system as being implemented will make corruption and black-marketing in the future almost impossible," he claimed.
(With Agency inputs)