Saturday, December 27, 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

    Three B.C. Cities Want Ottawa To Share Revenue Of Prospective Marijuana Tax

    VANCOUVER — Three municipalities in British Columbia want a stake in any tax revenue that the federal government collects from the legalization of marijuana.

    Three B.C. Cities Want Ottawa To Share Revenue Of Prospective Marijuana Tax

    Rahul Gandhi Must Quit Politics To Save Congress Future: Subramanian Swamy

    Rahul Gandhi Must Quit Politics To Save Congress Future: Subramanian Swamy
    On Thursday, Gandhi said in a tweet, “I will never stop fighting the hateful and divisive agenda of the RSS. I stand by every single word I said.”

    Rahul Gandhi Must Quit Politics To Save Congress Future: Subramanian Swamy

    Chilli Pepper Balls May Replace Pellets In Kashmir

    A government-appointed experts panel has recommended chilli pepper-filled balls to replace the dangerous pellets as less lethal ammunition to control protesting crowds in Jammu and Kashmir.

    Chilli Pepper Balls May Replace Pellets In Kashmir

    Asked To Remove Pagdi, Bjp Mp Virendra Singh 'Mast' Refuses US Visa

    Asked To Remove Pagdi, Bjp Mp  Virendra Singh 'Mast' Refuses US Visa
    Upset at being asked to remove his pagdi, Mast, a Rajput from Uttar Pradesh, refused to visit the US and returned to his constituency Bhadohi. 

    Asked To Remove Pagdi, Bjp Mp Virendra Singh 'Mast' Refuses US Visa

    2 Arrested For Beating Man To Death After Fight Over Gol Gappas In Delhi

    2 Arrested For Beating Man To Death After Fight Over Gol Gappas In Delhi
    Two men have been arrested for allegedly beating to death another man in a fit of rage over a disagreement during purchasing of gol gappas in northwest Delhi's Bhalswa Dairy area earlier this month, police said today.

    2 Arrested For Beating Man To Death After Fight Over Gol Gappas In Delhi

    India got 72 per cent H1B visas this year, says US official

    India got 72 per cent H1B visas this year, says US official
    The US issued more than a million visas this year in India which also accounts for 72 percent of all H1B visas issued worldwide, said a top US official on Friday.

    India got 72 per cent H1B visas this year, says US official