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Prime Minister Narendra Modi likely to address the nation on New Year’s Eve regarding Demonetised Notes

The address is expected at 7:30 in the evening.

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Urja Ganga Project,an ambitious Gas pipeline in the eastern region of the country
Prime Minister Narendra Modi, Wikimedia

December 29, 2016: As the 50-day period for depositing the demonetized notes is expiring on 30th December, Prime Minister Narendra Modi is likely to address the nation on New Year’s Eve through Doordarshan.

Though it is not clear what the speech will be about, speculation is that he might speak on the economy problems after the demonetization was announced.

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On November 8, prime Minister announced to demonetize Rs. 500 and Rs. 1000 notes to curb the black money generation and fake currency. The decision had a deep impact on the economy and lives of the people. It resulted in a major cash crunch as demonetization affected the 86 percent of the currency.

The RBI was not prepared and the government was not able to deal with the situation as the printing of replacement currency of Rs. 2000 notes and the new Rs. 500 notes was slow and was not able to meet the rising demand. Moreover, frequent changing of rules regarding the cash withdrawal and deposit has made the public more confuse.

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For the past few weeks, Prime Minister Narendra Modi has been urging people in the public meetings to bear the pain and has assured that once the 50-day period is over; the situation would start easing gradually.

On Tuesday, Modi met economists at a meeting in Niti Aayog to discuss the present economic condition of the nation.

Heading the government’s campaign on demonetization, Narendra Modi has a packed schedule in 2017. On January 2, he will be in Lucknow and then visit Patna on January 5. Though he has official engagements, but he is most likely to give a push to the cashless economy.

Prepared by Diksha Arya of NewsGram. Twitter: @diksha_arya53

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Richard Thaler Supported Demonetisation, there is More to the Story

Demonetisation is what Richard Thaler had long supported. However, he remarked "Really? Damn," when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 notes thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

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Richard Thaler
Richard Thaler won the Nobel Prize in Economic Sciences on 9th October.Wikimedia

When Prime Minister Narendra Modi decided to scrape Rs 500 and Rs 1,000 notes last November, Nobel Prize winner Richard Thaler supported demonetization describing it as a policy that he had long supported.

Dr. Richard Thaler, a Professor of Economics and Behavioural Science at the University of Chicago won the Nobel Prize in Economic Sciences on 9th October.

Did Richard Thaler really support demonetization in the way BJP took it? There is more to the story than what meets the eye.

As soon as Thaler was declared the Nobel Prize winner, members of the Bharatiya Janata Party (BJP) started sharing Thaler’s tweet regarding demonetization on social media affirming that the move which was severely criticised by the members of the opposition was actually supported by a Nobel Prize winner. The BJP IT cell head Amit Malviya retweeted the old tweet within a fraction of a second.

However, Richard Thaler remarked “Really? Damn,” when he was informed about the introduction of Rs. 2,000 notes in place of the discontinued Rs. 500 and 1,000 note thereby highlighting how his joy of seeing a step towards a cashless economy and reduction of corruption was momentary.

It was not only the BJP supporters but also a large number of BJP leaders who were flowed away with incomplete picture depicted by Malviya and tweeted about it.‬ This included Union Minister Giriraj Singh, former BJP IT Cell Head Arvind Gupta, and many others.

Soon after, twitterati realized that the full picture of Thaler’s statement on demonetization was rather hidden.

Prime Minister Modi declared that the motivation behind scrapping Rs 500 and Rs 1,000 notes was to promote cashless economy and reduce corruption. This decision was severely criticised by different sections of the society putting on Modi the ultimate responsibility for heralding economic deceleration. Demonetisation pulled down India’s GDP growth rate to a mere 6.1% in 2016-17.

Some highlighted that the introduction of Rs 2000 note was an ephemeral panacea for remonetization and that its printing has been terminated.

-Prepared by Mohima Haque of NewsGram, Twitter: mohimahaque26

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PM Narendra Modi: Don’t believe in vote bank politics, Nation comes first

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Prime Minister Narendra Modi.
Prime Minister Narendra Modi. Wikimedia

Varanasi, Sep 23: Prime Minister Narendra Modi, on Saturday, said that the BJP did not believe in vote bank politics as the country was above party politics. This is his second day of the visit to his parliamentary constituency in Varanasi.

Modi told a gathering that he had launched a major war against corruption and the corrupt to ease the life of the common man. He also said cleanliness was worship for him as it could rid the poor of various diseases and a lot of economic burdens.

“Governance for us is not about votes or winning elections. The priority is the development of the nation. For us, the country is bigger than party,” he said, in his address to farmers in Shahanshahpur on the outskirts of Varanasi.

He said most of the problems faced by the common people in India were rooted in corruption.

“I have launched a war against it and will take it further to ensure that graft is weeded out from the country.”(IANS)

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PM Modi in Varanasi: Sanitation is worship, Cleanliness Is a Way to Serve the Poor

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The Prime Minister, Shri Narendra Modi addresses the gathering, at Shahanshahpur, Varanasi Varanasi, Uttar Pradesh on September 23, 2017.

Varanasi, Sep 23 :  Prime Minister Narendra Modi, while addressing a public gathering in Varanasi said that sanitation is worship for him, as it can rid the poor of various diseases.

The gathering was largely attended by people on the second day of his Varanasi visit. Modi visited, Shahanshahpur a village of his Lok Sabha constituency. Where he laid the foundation stone of a public toilet in the area.

“That is because sanitation is also a kind of worship for me. It will rid the poor of my country of various diseases and the economic burden due to those diseases that result from dirty surroundings,” he said while addressing people there.

He said while no one likes garbage, everyone in India shies away from the responsibility of keeping their surroundings clean.

“It is the responsibility of every citizen and every family to keep their surroundings clean so we are able to build clean villages, clean cities and a clean nation,” Modi said.

The Prime Minister urged people to take one resolution each, to improve the nation by 2022. The year will also mark the 75 years of independence.

“In the coming five years, we have to be committed towards that resolution. If 125 crore people take one resolution each and live up to it, then the nation would move 125 crore steps forward in the next five years,” he said.

(IANS)