Demonetisation move has upset the corrupt: Takeaways from Modi’s address in Agra | india-news | Hindustan Times
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Demonetisation move has upset the corrupt: Takeaways from Modi’s address in Agra

Prime Minister Narendra Modi on Sunday assured he would deliver on his 50-day promise with respect the things returning to normal after the demonetization decision.

india Updated: Nov 20, 2016 18:13 IST
HT Correspondent
Narendra Modi

Prime Minister Narendra Modi in Agra on November 20, 2016. (ANI )

Prime Minister Narendra Modi on Sunday assured he would deliver on his 50-day promise with respect the things returning to normal after the demonetization decision.

Addressing a BJP rally in Agra, the Prime Minister called on the public to bear with the inconvenience of having to exchange their old Rs 1000 and 500 banknotes, saying their efforts will not be in vain.

Here is a quick take of the other things Modi said at the rally:

–– The Centre will investigate the Indore-Patna Express train derailment that occurred on Sunday morning. More than 100 people were killed in the accident that took place near Kanpur in Uttar Pradesh.

–– Modi announced the inauguration of the Pradhanmantri Grameen Awas Yojna, a government housing scheme. He said the scheme was aimed at providing affordable houses to all those living below the poverty line by the year 2022. By ensuring housing for the rural poor, it also means generating employment, said Modi.

–– Shifting track to the aftermath of the Centre’s demonetisation decision, Modi said Rs 5 lakh crore had been deposited in banks since the scrapping of Rs 1,000 and 500 banknotes was announced on November 8, 2016.

–– The Prime Minister said the ceasing of the high-value banknotes as legal tender had adversely affected those in fake currency rackets and narcotics.

–– In a veiled dig at West Bengal chief minister Mamata Banerjee, Modi said political leaders behind multi-crore chit fund scams were attacking him as they have been hit hard by demonetization. “Due to chit fund loss, hundreds of head of families were forced to commit suicide. Look at history and they are questioning me.”

–– Modi assured that things would return to normal after the promised 50-day period. In the mean time, he asked for patience and that people bear with the inconvenience so that the corrupt may be weeded out. “The poor want their rights back. The corrupt have robbed them of it.”

Also read | As it happened: Rs 5 lakh crore deposited after demonetisation, says PM Modi