Monday, 2 January 2017

PM Modi's speech on 31 Dec

Prime Minister Narendra Modi in his 31st Dec speech, was all about compensating people for grief and pain they suffered in last 50 days.

Modi talked about the people’s support for his ambitious scheme that scrapped high-value banknotes to weed out black money from the economy.
He announced some schemes  & sops to ease a nationwide cash crunch and a crackdown on properties registered in fake names.

On November 8, PM Modi took the nation by surprise, announcing the scrapping of Rs 500 and Rs 1000 bills --- a move that met with resistance from the Opposition.

Ahead of Modi’s address, Congress vice-president Rahul Gandhi put forth a charter of demands to Modi, asking him to lift restrictions on cash withdrawals.
Gandhi also asked the PM to deposit Rs 25,000 in the account of one woman each in families below the poverty line. He advocated immediately abolishing charges on digital transactions and called for Income and Sales taxes rebate of 50% to small-scale shopkeepers and businesses.
For its part, the CPI urged Modi to sanction ex-gratia relief to the families of those who had collapsed and died while waiting in queues before the banks and ATMs in different parts of the country after demonetisation.