MADURAI: The Swadeshi Jagran Manch (SJM) wholeheartedly welcomes the bold decisions taken by Prime Minister Mr.Narendra Modi and the “shock therapy” on November 8th 2016 was a bold / correct decision to curb black money, Madurai-based leading auditor Mr.R.Sundaram has said.
“To eradicate black money menace we need bold decisions…..After demonetisation, more cash is available with our banks and they can lend more….Unaccounted money, shell companies, unexplained money came under scanner because of that historic decision,” he observed while talking to ‘Lotus Times’ news website here on November 8th 2017.
SEE THIS VIDEO INTERVIEW BELOW :
Chartered Accountant Mr.R. Sundaram is the National Joint Convenor of Swadeshi Jagran Manch.
“We strongly believe that our Indian economy will be back at 7.3 percent GDP growth level soon…..Because of DEMON effect, now people fear black money….The political capital of Modi is intact and our suggestion to the Modi government is to focus on domestic industry’s ease of doing business also,” he said.
The Swadeshi Jagran Manch has been periodically giving inputs to the Central government and it will also come out with another detailed study on the overall picture of Indian economy in the post-DEMON scenario.