Demonetisation Policy announced by Government of India- An Advisory for Members
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As you may be aware, the ICAI has always been
supportive of the bold initiatives taken by the Government in
strengthening the economic growth of our country and also in its efforts
to weed out black money and corruption from our country. The recent
move of Government of India to demonetize the high value denomination
currency as announced by the Hon’ble Prime Minister Shri Narendra Modi
is a welcome step which has given a definitive boost to the economic
growth and dealt a lethal blow to the parallel economy that has cast its
ugly shadow on the nation’s economy for long. This move, it is
believed, will not only eliminate black money, but will also choke the
activities of anti-nationals from across the border financed by fake
currency, ensuring inclusive growth and national security in one go.
However, it is a matter of grave concern and distress to our profession when certain news reports/video clippings have come in the public eye depicting certain Chartered Accountants indulging in such acts of illegality which goes against the efforts of the Government in eradicating the corruption and black money from business and commercial transactions. Needless to mention that ICAI is unsparing in its efforts to discipline such erring members. It may be mentioned that immediate steps have been |