- Narayana Murthy calls ban of Rs 500, Rs 1000 notes a 'masterstroke'
- Decision to accelerate move towards digital economy, said Infosys founder
- Nitish Kumar welcomed the move, Mamata Banerjee called it 'draconian'
"Prime Minister is working hard to reduce corruption. Black money is a scourge on any developing economy. He (PM Modi) has been a great supporter of digital economy.
So yesterday when he made the announcement, I thought it was a master stroke," Mr Murthy said here at a function.
He said he hoped the decision would help reduce corruption and black money, and also accelerate the move towards a digital economy.
PM Modi had made last evening made an address to the nation to announce the major assault on black money, fake currency and corruption, scrapping the big denomination notes effective four hours later.
Political rivals like Bihar Chief Minister Nitish Kumar have welcomed the move. But Mamata Banerjee, West Bengal Chief Minister, has called it a "draconian decision" and Congress vice president Rahul Gandhi said "real culprits" who have stashed black money are "sitting tight" while lives of farmers, small shopkeepers and housewives "have been thrown in utter chaos".
"Once again Mr Modi shows hw little he cares abt ordinary ppl of this country-farmers, small shopkeepers, housewives-all thrown into utter chaos (sic)," Mr Gandhi tweeted.
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