You have 50 days to deposit your notes: Full text of Modi’s black money speech

Your money will remain yours. You need have no worry on this point


My dear citizens

I hope you ended the festive season of Diwali with joy and new hope. Today, I will be speaking to you about some critical issues and important decisions. Today I want to make a special request to all of you. You may recall the economic situation in May 2014 Narendra Modiwhen you entrusted us with an onerous responsibility. In the context of BRICS, it was being said that the “I” in BRICS was shaky. Since then, we had two years of severe drought. Yet, in the last two and a half years with the support of 125 crore Indians, India has become the “bright spot” in the global economy. It is not just we who are saying this; it is being stated by the International Monetary Fund and the World Bank.

In this effort for development, our motto has been ‘Sab Ka Saath Sab Ka Vikas’: We are with all citizens and for development of all citizens. This Government is dedicated to the poor. It will remain dedicated to them. In our fight against poverty, our main thrust has been to empower the poor, and make them active participants in the benefits of economic progress.

The Pradhan Mantri Jan Dhan Yojana,

the Jan Suraksha Yojana,

the Pradhan Mantri Mudra Yojana for small enterprises,

the Stand-up India programme for Dalits, Adivasis and Women,

the Pradhan Mantri Ujjwala Scheme for gas connections in the homes of the poor,

the Pradhan Mantri Fasal Beema Yojana and Pradhan Mantri Krishi Sinchai Yojana to protect the income of farmers,

the Soil Health Card Scheme to ensure the best possible yield from farmers’ fields,

and the e-NAM National Market Place scheme to ensure farmers get the right price for their produce

—these are all reflections of this approach.

In the past decades, the spectre of corruption and black money has grown. It has weakened the effort to remove poverty. On the one hand, we are now No. 1 in the rate of economic growth. But on the other hand, we were ranked close to one hundred in the global corruption perceptions ranking two years back. In spite of many steps taken, we have only been able to reach a ranking of seventy-six now. Of course, there is improvement. This shows the extent to which corruption and black money have spread their tentacles. Read More

Also Read:

Day after scrapping of Rs 500, 1,000 notes, banks remain shut

Modi declares war on black money, demonetises Rs 500 and Rs 1,000 currency notes

Bank deposits will spike: How Rs 500, Rs 1000 note ban will impact economy

Black money, terrror financing, fake notes: Why Modi banned Rs 500 and 1000 notes

Scrapping Rs 1,000 & 500 notes: Cash-for-vote will not be possible anymore

Modi fights corruption: Goodbye Rs 500, hello Rs 2000

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