Terror financial support has been “squeezed” owing to demonetization, as said by Finance Minister Arun Jaitley, adding up to this the amount of stone-pelters in Jammu and Kashmir has considerably went down in last several months as a result of demonetization.”In last few months, safety and security forces had an upper hand. From 2008 to 2010, we saw several stone-pelters on streets. Adding up to this, there are not more than 20–50 or 110 stone pelters on the roads. There is one cause, terror financial support has been squeezed,” as said by the finance minister Arun Jaitley, while replying to a dispute on supplementary requirement for grants in the Lok Sabha.
Arun Jaitley also stated that due to demonetization, terrorists were forced to steal from banks for wealth. A resident from Uttar Pradesh named as Sandeep Sharma, who was arrested for being an associate of a LeT unit in South Kashmir, was a welder and used to rob open bank lockers.”The squeeze of terror financial support is a direct consequence of demonetization. This is occurring not only in the Kashmir valley, but it is taking place in Chhattisgarh too,” stated Arun Jaitley. Finance Minister Arun Jaitley also added that after demonetization, there has been a sharp decrease in terrorist activities particularly in the states like Chhattisgarh and Jammu and Kashmir. Arun Jaitley will be attending the annual meeting of the World Bank and the International Monetary Fund. The sudden removal of valuable notes in November 2016 has curbed several terrorist activities in Jammu and Kashmir; our Finance Minister Arun Jaitley stated that adding up to stone-pelters are no more dynamic in the valley for the last seven to ten months. He shorn of the opposition’s accusations that the center’s programmers for instance: Clean India Mission and strategy decisions such as; Goods and Services Tax and demonetization have not brought any innovation on the ground.
Lastly, he also added “You are experiencing terrorist occurrences, but the reality that you were actually finding 10,000–15,000 stone throwers being given with funds by the terrorist organizations, why is it that in the last 7–12 months it has not taken place?