Demonetisation done at the right time: Modi

We do not see everything from the prism of elections, said Modi

GN Bureau | February 7, 2017


#Narendra Modi   #demonetisation  


Prime minister Narendra Modi on Tuesday defended the decision to scrap Rs 500 and Rs 1,000 currency notes, saying demonetisation took place at the right time to rid the Indian economy of black money.
 
Speaking in the Lok Sabha in reply to motion of thanks to the president's address, Modi said that like Swachh Bharat, the decision on demonetisation is a movement to clean India from corruption and black money.
 
“When can you have an operation? When the body is healthy. The economy was doing well and thus our decision was taken at the right time,” he said.
 
 
The prime minister added: “We do not see everything from the prism of elections. The interests of the nation are supreme for us.”
 
 
“My fight is for the poor and giving the poor their due. This fight will continue,” said Modi.
 
He said that there is a need to “understand and appreciate the inherent strength of our people and take India to newer heights. Faith in Jan Shakti will give results. Somewhere on the way, 'Jan Shakti' was forgotten. We do not accept this.”
 
He went on to say that surgical strike was a big decision but no one is questioning about it like they do about demonetisation.
 
The prime minister also said that budget 2017 is benefitting 96 percent of the population.
 
He also said that state polls and the parliamentary elections should be held together.
 
 

Comments

 

Other News

SAIL to leverage domestic growth potential

Steel authority of India (SAIL) chairman PK Singh expressed confidence on improving the performance of the Maharatna PSU in the current fiscal because of a host of initiatives in almost every area of operations. During 45th annual general meeting of the company, Singh said the world steel as

TRIFED to scale up marketing of tribal products

Ministry of tribal affairs’ PSU— tribal cooperative marketing development federation of India limited (TRIFED) is contemplating to scale up marketing of tribal products through increase at its retail outlets throughout the country. TRIFED plans to scale up the retail marketing ac

Facebook and post-truth

It is not very often that Facebook advertises in newspapers. Last time it did was a year ago when it was promoting `free basics`— a limited internet service provided for free to subscribers of partnering telecom service providers. The internet platform’s reach is unparalleled vis-a-vis to tradi

IOCL pays VAT of Rs 2,935 cr to Odisha

In the resolution of the issue of VAT deferment for Indian Oil Corporation’s (IOCL) Paradip refinery in Odisha, IOCL has made VAT payment of Rs 2,935 crore to Odisha government. The refinery had commenced commercial operations in November 2015. The recent meeting between Odisha Chief M

Muddy makeover of the Taj

Patch by patch, the lucent dome of the Taj Mahal is being plastered with a mixture of Fuller’s earth. It’s a treatment other parts of the monument of love – minarets, walls and pathways – have received over the years. These mud packs, of two millimetre thickness, are believed to tak

NALCO aims at making country country self-reliant in strategic minerals

In its bid to make the country self-reliant in the areas of 12 strategic minerals that are either not available in India or not available adequately, National Aluminium Company (NALCO), HCL and Mineral Exploration Corporation Limited (MECL), the CPSEs of ministry of mines have inked an agreement.



Video

PM Modi in varanasi

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter