Tuesday, December 30, 2025
ADVT 
India

WATCH: In Emotional Speech, Modi Defends Currency Spike

Darpan News Desk IANS, 22 Nov, 2016 10:35 AM
    In an emotional speech to parliament members from his ruling BJP, Prime Minister Narendra Modi on Tuesday vehemently defended the demonetisation move, saying it was done for the benefit of the people.
     
    Addressing the BJP Parliamentary Party meeting here, Modi urged the members to counter what he called was "misinformation" being spread by the opposition parties on the demonetisation of Rs 500 and Rs 1,000 currency notes.
     
    "We came to power for the poor, not for our own sake," the Prime Minister said in his speech, according to Parliamentary Affairs Minister Ananth Kumar.
     
    "The poor, the lower middle class and middle class have been suffering since the last 70 years due to corruption and black money."
     
    "This decision is in favour of the people and against black money, corruption and counterfeit currency. Our target is fight a long battle against all these," said Modi, according to Ananth Kumar.
     
    According to sources, the Prime Minister said that demonetisation decision is just a "beginning of government's crusade against black money and corruption", and such type of actions will be continued.
     
     
     
    Sources also said that Prime Minister asked party leaders not to use the word "surgical strike" for demonetisation.
     
    "Don't call it a surgical strike. Only a soldier can do that," a source quoted Modi as saying at the meeting.
     
    Incidentally, BJP President Amit Shah, in his first reaction after demonetisation scheme was announced, had dubbed the move as surgical strike on black money and corruption.
     
    The BJP Parliamentary Party also passed a resolution backing the government's decision to spike the high value currencies. The resolution was moved by Home Minister Rajnath Singh.
     
    Ananth Kumar told the media: "The Parliamentary Party unanimously passed a resolution on the historical demonetisation decision of November 8."
     
    "The Parliamentary Party unanimously welcomes the historic announcement made by PM withdrawing the legal tender value of currency notes of Rs 500 and Rs 1,000 and compliments the Prime Minister, the government and the Reserve Bank Of India," the resolution said.
     
    "The parliamentary party is supremely confidant that this bold initiative will achieve the intended objectives cutting off financial support to terrorists and extremists organisations, address the problem of counterfeit currency besides checkmating unaccounted money in the system and serving as a serious warning to those indulging in corruption," it added.
     
    It also acknowledged the initiative as a national project of cleansing the system and of great significance that will usher in behavioural and attitudinal changes encouraging honesty in personal and public life, particularly political life.
     
     
     
    "This will benefit the poor and the common man in several ways. Over the last 70 years, common man has resigned to grudgingly accept the foul ways of these in power and close to power, to exploit the system and make ill-gotten wealth," it said.
     
    The resolution condemned "malicious efforts" of some political parties which are "desperate to provoke violence and chaos" having been rattled by the widespread support of the people to the government's initiative and bent upon disrupting the proceedings of Parliament on one pretext of the other".
     
    The BJP Parliamentary Party also hailed the common man for patience despite facing hardships.
     
    "They are queuing for a better India," the resolution said.

    MORE India ARTICLES

    Narasimha Rao's 'Pro-Hindu mindset' led to Babri demolition: Mani Shankar Aiyar

    Former Prime Minister P.V. Narasimha Rao's "pro-Hindu mindset" encouraged the destruction of the Babri Masjid in Ayodhya in 1992, senior Congress leader Mani Shankar Aiyar said on Monday.

    Narasimha Rao's 'Pro-Hindu mindset' led to Babri demolition: Mani Shankar Aiyar

    Rajasthan Woman Alleges Rape, Tattooing Of Insults On Forehead For Not Bringing Dowry

    Rajasthan Woman Alleges Rape, Tattooing Of Insults On Forehead For Not Bringing Dowry
    The woman, who is in her late 20s and a resident of Amber near here, in a report filed with police, alleged that abuses or expletives were also been tattooed on her body including hands and she was raped by two persons from her in-law's side.

    Rajasthan Woman Alleges Rape, Tattooing Of Insults On Forehead For Not Bringing Dowry

    Modi Pulls Up Swamy, Admits To 'lot Of Problems' With China

    Modi Pulls Up Swamy, Admits To 'lot Of Problems' With China
    Asserting his authority in no uncertain terms, Prime Minister Narendra Modi on Monday ticked off BJP leader Subramanian Swamy over his "publicity stunts", and said India can now speak to China eye-to-eye despite having "a whole lot of problems".

    Modi Pulls Up Swamy, Admits To 'lot Of Problems' With China

    Modi Warns Again About Sep 30 Deadline On Undisclosed Income

    Modi Warns Again About Sep 30 Deadline On Undisclosed Income
    If they think they want to come into mainstream, they must and shouldn't be worried. After 30th September, the government will have to take steps.

    Modi Warns Again About Sep 30 Deadline On Undisclosed Income

    India Joins Group That Controls Global Missile Technology Sale

    India Joins Group That Controls Global Missile Technology Sale
    "The MTCR...is pleased to announce that India now formally is the 35th member of the regime," a statement from the grouping said after a "consensus decision by all members". 

    India Joins Group That Controls Global Missile Technology Sale

    AAP Aiming At Clean Sweep In Punjab, Himachal Pradesh Next Target: Bhagwant Singh Mann

    AAP Aiming At Clean Sweep In Punjab, Himachal Pradesh Next Target: Bhagwant Singh Mann
    AAP leader Bhagwant Singh Mann on Saturday claimed his party will win an absolute majority in the Punjab Assembly polls due next year and Himachal Pradesh would be its next target.

    AAP Aiming At Clean Sweep In Punjab, Himachal Pradesh Next Target: Bhagwant Singh Mann