The BJP has praised PM Narendra Modi's move to ban old 500 and 1000 rupee notes.
In a resolution, the BJP Parliamentary Party has praised the demonetisation move by Prime Minister Narendra Modi as "historic, revolutionary and pro-poor".
Here is the full text of the resolution moved by Rajnath Singh and seconded by Venkaiah Naidu.
November 22, 2016
BJP Parliamentary Party (BJPP) hailed the demonetisation move by the Prime Minister as a historic, revolutionary and pro-poor measure. At the BJP Parliamentary Party meeting today, Union Home Minister Shri Rajnath Singh moved a resolution to this effect which is seconded by Shri M. Venkaiah Naidu, the Minister for Information & Broadcasting.
Speaking on the occasion, Shri Venkaiah Naidu said that the political parties have to choose whether they would stand by the people or protect the interests of black money hoarders.
Resolution passed by the BJP Parliamentary Party
"The BJP Parliamentary Party(BJPP) unanimously welcomes the historic announcement made by the Prime Minister, on November 8, 2016, withdrawing the Legal Tender value of currency notes of Rs.500 and Rs.1,000, and compliments the Prime Minister, the Government and the Reserve Bank of India for the same.
The BJPP is supremely confident that this bold initiative will achieve the intended objectives of cutting off financial support to terrorist and extremist organizations, address the problem of counterfeit currency besides checkmating unaccounted money in the system and serving as a serious warning to those indulging in corruption.
The BJPP acknowledges this initiative as a national project of cleansing the system and of great significance that will usher in behavioral and attitudinal changes encouraging honesty in personal and public life, particularly political life. This will benefit the poor and the common man in several ways.
The BJPP also compliments the Government for its pro-active responses on a daily basis towards enabling the people overcome the inconveniences caused during the transition, till full-scale remonetisation is done.
Over the last 70 years, common man has resigned to grudgingly accept the foul ways of those in power and close to power, to exploit the system and make ill-gotten wealth.
During the last 12 days, the poor and the common man and the other honest people have made the most profound statement, ever made in our country in recent times. That being, that they don't mind putting up with short term inconvenience for the larger good.
They are 'queueing for a better India'. This in our view is the most profound statement to ever come from the people of our country.
It's a well-known fact that our nation is made of honest people and it is only the minority dishonest that are exploiting the system to the detriment of common man and the poor.
Every major transformational initiative results in some discomfort to start with. The initial pain leads to substantial gain.
The BJPP is grateful to the people of the country for supporting the Government's well meaning initiative, by bearing with the inconveniences with patience and discipline and the management and employees of banks, for rising to the occasion, and helping the people with exchange of old notes for the new ones.
The BJPP condemns the malicious efforts of some political parties who are desperate to provoke violence and chaos having been rattled, by the wide spread support of the people to the Government's initiative, and bent upon disrupting the proceedings of the Parliament on one pretext or the other.
At this crucial juncture, the political parties have to choose whether they would stand by the government and the people or protect the interests of black money hoarders. It is time for all political parties to deliberate on measures to eliminate the scourge of black money.
Then only national interests will be served.
The BJPP congratulates the Prime Minister for his historic, daring and pro-poor decision in the interest of nation. The BJPP urges the Prime Minister and the Government to call for other effective measures to clean up the entire system.