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Narendra Modi Speech Highlights: Indian Prime Minster Narendra Modi addressed citizens of the nation on New Year’s Eve, 31st December 2016. PM Modi had addressed public after the end of his 50st-day trial period of demonetisation came to an end on December 30. After demonetisation, Modi had said: “Help me for 50 days and I will give you the India you desired.” Here are the top initiatives PM had announced: For rural poor Home loans in villages up to Rs 2 lakh to get 3% interest exemption, available for building a new house or expanding an old one. In this fight against corruption and black money, it is clear that you wish to walk shoulder to shoulder with us 33% more homes to be built in rural areas under the Pradhan Mantri Awas Yojana (PMAY). 30 million Kis...

Since the government decided to demonetize the currency of denomination 1000 and 500 on November 08th, there has been a lot of ink spilt on the merits and demerits of the demonetization move. Industry is up in arms against the liquidity crunch but is scared to speak too much against the black money drive. Journalists have typically taken extreme positions without understanding the nuances of the demonetization debate. The key issue that most are missing is that the goalpost of demonetization is not what many would like to believe. The immediate intent of the demonetization exercise is not to flush out black money, although that will be the eventual impact. Here are 5 key things we may have missed out in the demonetization logic… 01. The immediate intent was to create a liquidit...

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Key Highlights from PM Narendra Modi Speech On New Year Eve

5 Things We Missed Out In Modi’s Demonetization Logic…