Chhattisgarh - First state to adopt demonetisation resolution.

Q.  Which state was the first to adopt a resolution welcoming demonetisation?
- Published on 18 Nov 16

a. MP
b. UP
c. AP
d. Chhattisgarh

ANSWER: Chhattisgarh
 
Chhattisgarh - First state to adopt demonetisation resolution.Chhattisgarh became the first state of India to adopt a resolution welcoming demonetisation scheme of the Union government
  • The resolution was moved in the state assembly by CM Raman Singh
  • Resolution passed on 16th November 2016 saw 41 votes in favour and 25 against
  • On Nov 8, at 8:00 pm , PM Modi had announced the demonetisation of high value currency notes of India and that INR 1000 and 500 notes will cease to be legal tender from 8-9 Nov midnight
  • The decision aims to remove black money from the system
  • It will usher in clean transactions and clean up the money system and impact contentious issues plaguing the system
  • The Chhattisgarh government has also pledged to take steps to encourage people in small businesses to switch over to e-payment system and places with swipe machines would be exempt from VAT
  • The state government has also made arrangements to make online payments to farmers for their paddy procured under the support price system

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