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

    SC Asks Sikh Bodies To Create Mechanism To Curb 'Santa-Banta' Jokes

    SC Asks Sikh Bodies To Create Mechanism To Curb 'Santa-Banta' Jokes
    The Shiromani Gurdwara Parbandhak Committee (SGPC) along with other bodies claiming to be representatives of Sikhs had earlier approached the apex court seeking a ban on jokes that project members of the community in poor light.

    SC Asks Sikh Bodies To Create Mechanism To Curb 'Santa-Banta' Jokes

    Baba Ramdev Aiming To Test Waters In Dairy, Baby-care Products

    Baba Ramdev Aiming To Test Waters In Dairy, Baby-care Products
    Yoga guru Ramdev is now aiming to test waters in dairy and baby-care products to expand Patanjali's 'swadeshi' consumer products portfolio that is expected to clock a turnover to Rs 10,000 crore this fiscal.

    Baba Ramdev Aiming To Test Waters In Dairy, Baby-care Products

    Zakir Naik Finally Gets Venue For Media Meet

    Naik will communicate with the Mumbai media via Skype at the Mehfil Hall, in Agripada, south Mumbai, from a venue abroad where he is currently on a lecture tour,

    Zakir Naik Finally Gets Venue For Media Meet

    Five Arrests In Gujarat Dalit Beating Up Case

    Five Arrests In Gujarat Dalit Beating Up Case
    With more arrests on Wednesday, five persons have been rounded up so far on charges of beating up four Dalit youths who skinned a dead cow in Gir-Somnath district of Gujarat.

    Five Arrests In Gujarat Dalit Beating Up Case

    Stripped, Tied To Car, Beaten In Gujarat By Alleged Cow Vigilantes For Possessing Beef

    Stripped, Tied To Car, Beaten In Gujarat By Alleged Cow Vigilantes For Possessing Beef
    Four Dalit youth were severely beaten up and dragged on the road for nearly a kilometre in Gir Somnath district of Gujarat for allegedly possessing cow beef. The crime came to light after a video of the assault went viral on social media.

    Stripped, Tied To Car, Beaten In Gujarat By Alleged Cow Vigilantes For Possessing Beef

    Raj Babbar Is The New Congress Chief In Uttar Pradesh

    Raj Babbar Is The New Congress Chief In Uttar Pradesh
    The Congress on Tuesday appointed actor-turned-politician Raj Babbar as the party chief in election-bound Uttar Pradesh.

    Raj Babbar Is The New Congress Chief In Uttar Pradesh