Willing to pay political price for reforms: Modi

Information collected post-demonetisation was a treasure trove, said the prime minister

GN Bureau | November 30, 2017


#irreversible change   #demonetisation   #black money   #Aadhaar   #Narendra Modi   #HT Leadership Summit  


 Prime minister Narendra Modi on Thursday said that he may have to pay a political price for the reforms that are aimed at ending corruption, but he was ready for it.

Modi said that the information collected post-demonetisation was a treasure trove which would help battle corruption.
 
Speaking at the 15th edition of the Hindustan Times Leadership Summit, Modi said that that Goods and Services Tax (GST) was a major step towards transparency.
 
He described Aadhaar as a weapon against benami properties and said that this change is irreversible.
 
The prime minister said that there has been a behavioural change after demonetisation. “It is for the first time since independence that the corrupt are afraid to deal in black money,” he said.
 
The scrapping of bank notes has brought large parts of the underground economy into the formal system, he added.
 
He said that a corruption free, citizen centric and development friendly eco-system was the priority of his government.
 

Comments

 

Other News

“Game” of cricket: Governance lessons from India’s favourite sport

India’s cricket journey is more than a record of sporting triumphs; it is a live case study in strategy, incentives, and equilibrium: the very foundations of Game Theory. As India prepares for its eight-match white-ball series against Australia, the world’s most-watched rivalry will again unfol

In this year of extreme rainfall, climate change has amplified deluge

Southwest Monsoon 2025 recently concluded with ‘above-normal’ rainfall to the tune of 108% of the long-period average (LPA). This is second consecutive year in the last decade to record above normal rains. Climate change has a critical role in driving the rainfall on the higher side, according

This Diwali, as we clean our homes, let`s clean our digital lives too

Every year, as Diwali approaches, I begin my annual ritual of cleaning – opening drawers, cupboards, and those mysterious “boxes of everything” we all seem to have. It starts as an act of tidying up, but it always turns into a little journey of rediscovery. Among the old receipts and forg

Sea leave rise: Multi-level adaptive governance needed to meet the challenge

By the end of this century, global sea levels may rise by more than 1 metre, and the mean sea level rise is expected to increase by 180 mm. Climate change is one of the gravest issues before us and one of the most pressing issues linked to the climate change is the sea level rise. The coastal communities a

Rethinking the funder-practitioner relationship in capacity development

The Human Capacity Development landscape in the social development context has evolved significantly over the years. From the more simplistic term “training,” it has now developed into a much more nuanced concept, “Competency-Based Capacity Building” (CBCB). Yet, one question persis

The economics of smart cities

Imagine a city where trash isn’t trash, energy isn’t wasted, and economic prosperity isn’t achieved at the cost of human wellbeing. A city where every rupee invested in infrastructure yields returns not just in roads and buildings, but in health, jobs, equality, and dignity. Smart city pr

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter