December 31: PM Modi addresses the nation on demonetisations success
Prime Minister Narendra Modi will be addressing the nation at 7:30 pm on December 31, 2016.
Prime Minister Narendra Modi will be addressing the nation at 7:30 pm on December 31, 2016.
Sources say that PM Modi will talk about demonetisation's success and making India's into a less-cash society.
On December 30, 2016, PM Modi launched UPI app called BHIM to enable digital currency transactions.
As per sources, PM Modi is likely to announce steps that would make it easier to conduct digital transactions. Sources said that PM Modi may abolish charges currently applicable on digital transactions conducted through USSD.
ALSO READ: Here's what PM Modi is likely to announce on December 31
You can watch PM Modi's LIVE speech here on Zee Business.
The Reserve Bank of India (RBI) on Friday asked all banks to email data on the money they collected on the last day of demonetisation drive, December 30, 2016, itself.
PM Modi is likely to inform the country of the success of demonetisation and the total money that was deposited in bank accounts as on December 30, 2016.
On December 15, 2016, RBI said that nearly Rs 13 lakh crore has been deposited in banks out of a total Rs 15.4 lakh crore that was demonetised.
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33% more homes will be construct in rural India.
Poor people will be at the centre of our new schemes.
In 2017, people living in rural India who want to contruct homes or expand their homes, they will get 3% discount on interest of loans up to Rs 2 lakh.
Govt is working to bring new schemes for the people of this country.
So many years since independence, yet Indians do not have access to even buying homes.
So that poor people can buy homes, we have taken big decisions.
Pradhan Mantri Awas Yojna: Poor will get homes in cities under two new schemes.
In 2017, to construct homes, upto Rs 9 lakh loan or Rs 12 lakh discount on interest of 4% or 3% will be given.
The money that was out of Indian economy is now back in Indian economy.
It is proved that people who try to find ways out of this have nowhere to go now.
Technology has helped a lot in this.
Corrupt will have to come to the mainstream now. They have no option.
Friends, bank employees have worked day and night to help in this demonetisation drive.
People working in post offices, women bank officers, everyone has worked very well.
Yes, few banks saw serious offences by bank officers. Some Govt officials were also caught red-handed.
All these people will not be spared.
Our one decision on demonetisation has done deep damage to the corrupt.
Many youngsters are now leaving violence and coming back to mainstream.
Only 24 lakh people in India accept that they earn more than Rs 10 lakh a year.
You see big houses and cars around you.
Look at big cities in India, you will see lakhs of people will income more than Rs 10 lakh a year.
Don't you think we should give more power to the fight against corruption and black money?
The question is now very valid: what will happen to the corrupt?
Friends, law will do its work.
However, the Govt must also make sure that the honest must be helped and protected.
I know you had to stand in queues for hours to withdraw your own money from banks.
I got many letters during this time. Many wrote their suggestions, shared pains. I noticed that in all those letters, you took me as one of your own.
The war against black money, you don't want to be behind even by one step.
Your love is my blessing.
My effort is to as fast as possible normalise banks.
Govt has told banks that the focus should be to normalise banks, especially in rural and farflung areas.
Since November 8, we have to think again. 125 crore Indians went through hardships to prove the importance of truthfulness and goodwill.
PM Modi: Even the honest was brought to their knees by black money and corruption. They had to accept it grudgingly.
Since Diwali, it is proven that Indians want an out from these choked living.
PM Modi: Just after Diwali, our country has been witness to patience of the people of this country to cleanse the country of black money.
This will, for years to come, will play an important role in this country.
PM Modi's LIVE address can be watched on this YouTube channel as well:
Prime Minister Narendra Modi will be addressing the nation at 7:30 pm on December 31, 2016.
Sources say that PM Modi will talk about demonetisation's success and making India's into a less-cash society.
On December 30, 2016, PM Modi launched UPI app called BHIM to enable digital currency transactions.
As per sources, PM Modi is likely to announce steps that would make it easier to conduct digital transactions. Sources said that PM Modi may abolish charges currently applicable on digital transactions conducted through USSD.
ALSO READ: Here's what PM Modi is likely to announce on December 31
You can watch PM Modi's LIVE speech here on Zee Business.
The Reserve Bank of India (RBI) on Friday asked all banks to email data on the money they collected on the last day of demonetisation drive, December 30, 2016, itself.
PM Modi is likely to inform the country of the success of demonetisation and the total money that was deposited in bank accounts as on December 30, 2016.
On December 15, 2016, RBI said that nearly Rs 13 lakh crore has been deposited in banks out of a total Rs 15.4 lakh crore that was demonetised.
Press Information Bureau tweeted about PM Modi's address to the nation:
PM Modi has confirmed that he will address the nation at 7:30 pm on December 31, 2016.
He tweeted:
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