India can no longer live with black money, reads Arun Jaitley’s Facebook cover photo

As the debate rages over demonetisation in the country, Finance Minister Arun Jaitley has changed his Facebook cover photo which states that India can no longer live with black money.

Jaitley clearly stated that Integrity and ethical conduct are pre-requisites for the country's development.

“India cannot afford to live with black money any longer. Honesty, integrity and ethical conduct are requirements of India's development, he added on the cover photo.

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With Opposition creating furore citing the plight of common man, the government has been maintaining that the move was needed to eliminate black money, counterfeit notes and terror financing.

PM Modi on November 8 announced demonetisation of high value currency notes and asked holders of such notes to deposit them in banks by December 30.

Since then, long serpentine queues are a regular sight in the country witnessing a major currency overhaul in decades.