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PM Narendra Modi Defends Currency Spike in an Emotional Speech, says it was done for the Benefit of People

The Prime Minister said that demonetisation decision is just a "beginning of government's crusade against black money and corruption"

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Prime Minister of India Narendra Modi.(Representational image) Wikimedia
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New Delhi, November 22, 2016: 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.

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“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.

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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.

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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. (IANS)

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PM Narendra Modi: Government bringing Stringent Consumer Protection Law

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Prime Minister Narendra Modi during a speech. IANS

New Delhi, October 26: Prime Minister Narendra Modi on Thursday said the government was in the process of enacting stringent legislation aimed at protecting consumers along with setting up a Consumer Protection Authority (CPA).

“Consumers’ protection is this government’s priority. We are in the process to bring a new law on consumer protection keeping in mind the need of the country and business practices here,” Modi said at an International Conference on Consumer Protection for East, South and South-East Asian Countries.

“We are in the process of forming a Consumer Protection Authority, which will have executive powers, for immediate redressal.”

The rules were being streamlined to solve consumer problems in less time and at less cost, he added.

“The stress is being given on consumer empowerment. Strict provisions are being contemplated against misleading advertisements,” Modi said.

He said India was among the few countries which had enacted a law a year after the UN adopted guidelines on consumer protection in 1986.

The Prime Minister also said the prices of commodities were set to go down and consumer protection for their interest effects due to the implementation of the Goods and Services Tax (GST).

Due to the GST, the competition among companies was going to increase. So prices will go down. It will help consumers from lower middle class and poor sections,” Modi said.

“Earlier, transportation by trucks would take five days but it has come down to just three three days now as checkposts on borders have vanished after the GST. It means transportation cost has gone down. This is going to be transferred to consumers,”

Taking a dig at those opposed to the GST, he said: “Some people may be taking advantage of the lack of awareness. However, the benefits will be transferred (to consumers) in days to come.”

Talking about the conference, Modi said: “It shows how seriously we take the needs of our citizens and how we strive hard to solve their problems”.

“It is the first conference in the region, where everyone is trying in their own ways to save the interest of consumers. However, we have to keep in mind that the world is going towards a single market,” Modi said.(IANS)