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

    BSP Lodges FIR Against Dayashankar Singh For Comparing Mayawati To Prostitute

    BSP Lodges FIR Against Dayashankar Singh For Comparing Mayawati To Prostitute
    A case was registered against BJP leader Dayashankar Singh late on Wednesday night for his abusive statement against Bahujan Samaj Party (BSP) chief Mayawati, police said.

    BSP Lodges FIR Against Dayashankar Singh For Comparing Mayawati To Prostitute

    Badal Calls Navjot Sidhu Opportunist, Treacherous

    Badal Calls Navjot Sidhu Opportunist, Treacherous
    Cricketer turned politician Navjot Singh Sidhu’s wife said on Tuesday that Punjab Chief Minister Parkash Singh Badal would be happy if she and her husband left the state, adding that he cannot accept any person working better than his son.

    Badal Calls Navjot Sidhu Opportunist, Treacherous

    Sachin Tendulkar Embroiled In Disputed Property Controversy, Denies Charges

    Sachin Tendulkar's spokesperson issued a statement in which he claimed that the cricketer does not have any "economic interest" in the Landour cantonment where the property is located

    Sachin Tendulkar Embroiled In Disputed Property Controversy, Denies Charges

    Delhi: Teenage Girl Attempts Suicide After Being Sexually Harassed By Cop

    Delhi: Teenage Girl Attempts Suicide After Being Sexually Harassed By Cop
    The girl was admitted to a hospital in serious condition by her parents, Singh said, adding, her condition is now stated to be stable.

    Delhi: Teenage Girl Attempts Suicide After Being Sexually Harassed By Cop

    Rahul Gandhi May Have To Face Trial In RSS Defamation Case: SC

    The Supreme Court on Tuesday indicated that Congress Vice President Rahul Gandhi will have to face trial in a defamation case filed by an RSS activist for allegedly accusing the organisation of the assassination of Mahatma Gandhi.

    Rahul Gandhi May Have To Face Trial In RSS Defamation Case: SC

    Dalit Youth Dies, Cop Killed As Violence Engulfs Gujarat's Saurashtra

    Dalit Youth Dies, Cop Killed As Violence Engulfs Gujarat's Saurashtra
    The Dalit who died during the day was among the five persons from the community who tried to take their own lives in separate incidents in Gujarat. 

    Dalit Youth Dies, Cop Killed As Violence Engulfs Gujarat's Saurashtra