Governance Now Visionary Talks Series

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.
 

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