Demonetise high-denomination currency notes to combat black money and economic corruption
“Demonetise high-denomination currency notes to attack unaccounted wealth and eliminate black money transactions.”
The verdict
The Janata government promulgated an ordinance on 16 January 1978 demonetising Rs 1,000, Rs 5,000, and Rs 10,000 notes, subsequently passed as the High Denomination Bank Notes (Demonetisation) Act, 1978 (per official records).
Rule applied: Kept: achieved as promised, on time or within 6 months of the deadline → 10
Evidence timeline
- Other16 Jan 1978· WikipediasupportsHigh Denomination Bank Notes (Demonetisation) Act, 1978 ↗
“The High Denomination Bank Notes (Demonetisation) Act, 1978 was enacted by the Janata Party government to demonetise bank notes of denominations of 1,000, 5,000 and 10,000 rupees.”
- Other16 Jan 1978· WikipediasupportsEconomic history of India ↗
“In January 1978, the Morarji Desai government demonetised Rs 1000, Rs 5000 and Rs 10,000 currency notes to curb illicit finance.”
More economy promises from this manifesto
Delete the Right to Property from the Fundamental Rights and make it an ordinary legal right
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Re-orient industrial policy to protect and promote cottage, village, and small-scale industries
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Strictly enforce FERA against multinational corporations refusing to dilute foreign equity
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Promise ID janata-ls-1977-010 · drafted 6 Oct 2026 by research-agent · JSON