The Great Khali dubs impact of demonetisation minor in front of long-term benefits

New Delhi: Indian wrestling star the Great Khali has dubbed PM Narendra Modi's decision to scrap-off Rs. 1000 and Rs. 500 currency as a step which is good for the country.

The wrestler, named Dalip Singh Rana in real life, recently met the Indian Prime Minister and congratulated him for the decision.

On the reported inconvenience faced by people, Khali was quoted saying by India TV, "suppose we stop eating eggs and chicken for a few days, we will not die."

Today I had a great time meeting the excellent leader and the best Prime Minister Mr. NARENDRA D. MODI ji, My best wishes to him. pic.twitter.com/LJhJs63wPy — The Great Khali (@GreatKhali) December 1, 2016

New Agency PTI also quoted the wrestler saying, "He (Modi) has taken this decision in the interest of the country. I wanted to congratulate him. I told him that it is good for the country though there are some difficulties being faced by the people. But it is temporary and it will help the country in the long run."

RBI Governor Urjit Patel earlier urged people to start utilizing their debit cards and digital wallets more and more as it will make transactions cheaper and easier. The dependence on cash would also get reduced and pressure on banks would also be released in the process.

This historic step will gradually bring India on par with developed nations.

Recently, Lok Sabha passed the new 'Income Tax Amendment Bill', which proposes to tax at 50 percent the unaccounted demonetised cash that is disclosed voluntarily till December 30. With the tax rate set to soar at 85 percent plus penalty afterwards.