Terming the Government decision to demonetise Rs 500 and Rs 1,000 bank notes as a “good move”, IT czar N R Narayana Murthy on Thursday said one should be celebrating as the move would address issues like black money, corruption, and also promote digital economy.
“...I think it’s a good thing. It brings down black money, corruption....And in some form, it is an incentive for people to use the digital economy,” Murthy told reporters in response to a question on Government’s decision to demonetise Rs 500 and Rs 1,000 currency notes.
“So, on all the three dimensions it’s a good move....I think we should all be celebrating,” he added.
Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday had announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight, making these currency papers invalid.
Not wishing to make any direct response to the question about possible impact on the Indian IT sector with Donald Trump’s election as the next President of the United States, Murthy exuded confidence about the leaders of the industry to overcome challenges.
“You can use innovation and be prepared to find the alternative solution, should such an eventuality come into play...Have confidence in Indian industry leaders...”Murthy said in response to a question.