Wednesday, December 31, 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

    Sheila Dikshit, Arvind Kejriwal To Be Questioned In Water Tanker Scam By Anti-Corruption Bureau

    Sheila Dikshit, Arvind Kejriwal To Be Questioned In Water Tanker Scam By Anti-Corruption Bureau
    ACB chief MK Meena said two complaints were received with regard to the scam and those named in the complaints include Ms Dikshit and Delhi Chief Minister Arvind Kejriwal. He said both Ms Dikshit and Mr Kejriwal will be questioned.

    Sheila Dikshit, Arvind Kejriwal To Be Questioned In Water Tanker Scam By Anti-Corruption Bureau

    Indians More Confident About Country's Economy Than Chinese: Report

    Indians More Confident About Country's Economy Than Chinese: Report
    Employees in India are far more positive about the state of their country's economy, as 50 per cent of employees in India rating the economy good to excellent compared to 28 per cent employees rating the Chinese economy good to excellent

    Indians More Confident About Country's Economy Than Chinese: Report

    Amarinder Singh Hits Out At Sukhbir Badal, Says He Lost Touch With People

    Sukhbir understands people don't like him and he has already started avoiding meeting them and was focusing mostly on his private business like building five star hotels and the transport business

    Amarinder Singh Hits Out At Sukhbir Badal, Says He Lost Touch With People

    Chandigarh To Witness Deft Moves, Twists And Turns On Tuesday

    Chandigarh To Witness Deft Moves, Twists And Turns On Tuesday
    Participants will begin with the loosening up exercises like neck bending and body twisting, said an official.

    Chandigarh To Witness Deft Moves, Twists And Turns On Tuesday

    Modi To Lead Thousands In Chandigarh On Second International Yoga Day Amid Rain Threat

    Modi To Lead Thousands In Chandigarh On Second International Yoga Day Amid Rain Threat
    Modi will take part in a mass yoga demonstration of the "common yoga protocol" at the spruced up Capitol Complex in Chandigarh early on Tuesday morning.

    Modi To Lead Thousands In Chandigarh On Second International Yoga Day Amid Rain Threat

    To Counter Patanjali, Nestle Plans To Launch 25 Products

    Having "weathered" the Maggi storm, Nestle India is embarking on a product offensive, launching up to 25 products across various categories to fend off "disruptive competition" from new rivals like Patanjali.

    To Counter Patanjali, Nestle Plans To Launch 25 Products