President Mukherjee backs demonetisation, says ‘will bring more transparency in system’

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New Delhi, Jan 25 (ANI): In his address to the nation on the eve of Republic Day, President Pranab Mukherjee on Wednesday hailed Prime Minister Narendra Modi’s demonetisation decision and said that initially it might have led to temporary slowdown of economic activity, will improve the transparency of the economy. Mukherjee said that spoke about the need for simultaneous elections to Parliament and assemblies, saying that it is the Election Commission who has to move forward in consultation with political parties.

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