Prime Minister Narendra Modi has addressed the nation on the notes ban, which he announced on November 8 without warning as a big step to check tax evasion. He said that this is for the purification of the Nation.
The deadline to deposit banned 500 and 1,000 notes in banks ended yesterday. As the next step in his war on corruption the Prime Minster has pitched a transition to a cashless economy and the government has announced several incentives for making digital payments.
updates of PM Narendra Modi:
125 crore Indians will welcome the new year with new decisions, new spirits.
India has become witness to a shuddhikaran (purification) drive.
For coming years, this will decide the course of things to come.
Humans feel suffocated by the evils brought in over time. He tries to break free from them.
Our lives had been entangled in black money, corruption; Had forced the honest people to kneel before it.
They had no choice but to accept it.
What happened after Diwali shows Indians were looking for a way to beat it.
Whether it is the 1962 war or 1965 war, India has seen the patriotism of its people.
Intellectuals will surely discuss it sometime.
To fight external evils is an ordinary thing.
But when ordinary Indians come to fight the evil within, it is inspiring.
After Diwali, Indians with patience, sacrifice, fought to defeat evils.
Kuchh baat hai ki hasti mit ti nahi humari: Indians have lived this saying.
Social evils had become part of our life. But events after Nov 8 force us to reflect back on that.
It has proved how important sachhai and achhai are to Indians.
It shows, what is discipline. In the face of misinformation, the ability to see the truth.
The pain that Indians have borne will be an example for generations.
Indians have laid the foundation for a bright future based on their hard work, their mettle.
This is the first instance in history when the government and the people have fought shoulder to shoulder.
My countrymen, I know you have had to stand in line for hours to take out your own money, face a lot of pain.
I got thousands of letters, they shared their pain, reaffirmed their resolve.
You do not want to stay back in the fight against corruption, black money, fake currency.
In the new year, we hope to take the bank towards normal functioning.
We have to focus on normalising the functioning of banks – Especially in far flung areas, rural areas. All problems should be fixed.
What Indians have done, there is no example for it in the world.
In the past few years, 500 and 1,000 notes were less in circulation and more in a parallel economy.
The amount of cash we had was not usual.
In our economy, notes were bolstering inflation, black marketing, taking what is the right of the poor.
The patience, discipline and resolve that crores of Indians have shown, had Lal Bahadur Shastri, JP Narayan, Lohia were here, they would bless Indians.
Ordinary citizens joined the effort of the government to help the poor.
Such heartening examples have come to light in the past few weeks.
My beloved countrymen, how long will we turn away from the truth.
I want to give you an information.
Either you will burst out laughing or get explode with rage.
There are just 24 lakh people in country who admit their income is more than 10 lakh.
Every city you see, has people with large bungalows and cars. Don’t you think the fight against black money and corruption deserves more power?
Brothers and sisters, law will do its job, punish the guilty. But for the government what is a priority is how the honest are secured and how honesty is more widely established.
This government is a friend of the honest and hopes to bring the dishonest back on the right track.
You often have poor experiences with red tapism, and bureaucracy.
Whether it is Central government or state government, all are responsible for the welfare of the ordinary people and seclusion of the dishonest.
Terrorists, Naxalites, human traffickers are all dependent on black money.
This one decision struck them deep.
Today, in large numbers, youth are leaving the path of violence and returning to the mainstream.
2 new schemes for housing with subsidies and loans PM announced.