Saturday, May 18, 2024
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

    Elderly Dies In Queue As India Battles Cash Chaos

    Elderly Dies In Queue As India Battles Cash Chaos
    A 70-year-old man died on Tuesday while standing in a queue outside a bank in Andhra Pradesh as common people across India continued to struggle for cash, the way they have been doing since the government spiked high value currency notes a week ago.

    Elderly Dies In Queue As India Battles Cash Chaos

    Kejriwal In Delhi Assembly: When PM Modi Was Gujarat CM, He Took Bribe From Aditya Birla Group

    Kejriwal In Delhi Assembly: When PM Modi Was Gujarat CM, He Took Bribe From Aditya Birla Group
    Delhi Chief Minister Arvind Kejriwal on Tuesday accused Prime Minister Narendra Modi of receiving bribes while he was the Gujarat Chief Minister and sought a judicial probe into the issue. The Delhi assembly also sought a reversal of the demonetisation move.

    Kejriwal In Delhi Assembly: When PM Modi Was Gujarat CM, He Took Bribe From Aditya Birla Group

    Coming soon… Eat Pray Love Festival

    Coming soon… Eat Pray Love Festival
    A family festival, with the best of food, music, art and culture in India

    Coming soon… Eat Pray Love Festival

    Paralysed Property Dealer Shot Dead, Wife Critically Injured

    Paralysed Property Dealer Shot Dead, Wife Critically Injured
    A 40-year-old property dealer was shot dead by two unidentified assailants in his own house on Monday while his wife was critically injured in the attack, police said.

    Paralysed Property Dealer Shot Dead, Wife Critically Injured

    Cashless India Continues To Suffer Despite PM Modi's Assurance

    Cashless India Continues To Suffer Despite PM Modi's Assurance
    Addressing a public rally in Ghazipur in Uttar Pradesh, Modi said that as a result of demonetising 500 and 1,000 rupee notes, the poor were sleeping well and those who had unaccountd money were buying sleeping pills.

    Cashless India Continues To Suffer Despite PM Modi's Assurance

    Old Notes Of Rs. 500 And Rs. 1,000 Found Floating In Ganga

    Old Notes Of Rs. 500 And Rs. 1,000 Found Floating In Ganga
    On Wednesday, sacks full of the high denomination notes were found abandoned in the town of Bareilly. And yesterday, a rag picker in Maharashtra found a trash bag packed with about Rs. 50,000 worth of the old-school currency.

    Old Notes Of Rs. 500 And Rs. 1,000 Found Floating In Ganga