Note ban may slow down economy: President

New Delhi, Jan 5 (IANS) Demonetisation may lead to a temporary slowdown of the economy, President Pranab Mukherjee said on Thursday.

"Demonetisation, which immobilizing black money and fighting corruption, may lead to temporary slowdown of the economy," the President said in an address on video to Governors and Lt Governors.

"We all will have to be extra careful to alleviate the suffering of the poor which might become unavoidable for the expected progress in the long run," he added.

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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