Demonetisation; totally unexpected but a necessary one, says CenturyPly’s MD

India Infoline News Service | Mumbai | November 10, 2016 14:34 IST

It requires big mental strength to decide and implement such surgical strikes. It will force people to be more honest, to use legal channels to do business and lead their daily lives.

“I am delighted at this development. It has been our long cherished desire that the stigma on the Plywood industry as a whole, should be removed. Now I can clearly see the likelihood of panels and plywood industry becoming 100% transparent in all dealings”, said Sajjan Bhajanka, Chairman, CenturyPly.
 
“Demonetisation; Totally unexpected but a necessary one. It requires big mental strength to decide and implement such surgical strikes. It will force people to be more honest, to use legal channels to do business and lead their daily lives. It will remove fake currencies and reduce terrorist financing. Its a mid to long term decision and a very patriotic and financially diligent one. Most industries of small and mid scale operates with 50-80 % tax manipulation. GST combined with this will help reduce all types of taxes in the mid term" said Sanjay Agarwal, MD CenturyPly.


***Note: This is a NSE Chart

 

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