1. Demonetisation was need of the hour, says Prime Minister Narendra Modi

Demonetisation was need of the hour, says Prime Minister Narendra Modi

Prime Minister Narendra Modi on Saturday addressed the Indian community while on his visit to Kobe.

By: | New Delhi | Updated: November 12, 2016 1:34 PM
Many people had still kept undeclared amount with them, says PM Narendra Modi. (ANI) Many people had still kept undeclared amount with them, says PM Narendra Modi. (ANI)

Prime Minister Narendra Modi on Saturday addressed the Indian community while on his visit to Kobe. During his speech the PM mentioned about recent demonetisation of Rs 500 and Rs 1,000 notes and added that the step taken was need of the hour, as many people had still kept undeclared amount with them. He also mentioned about the Jan Dhan Yojna and said that accounts for the poor were opened when they had no money. He added that at even as full definition of FDI is Foreign Direct Investment, but defines it as ‘First develop India’ also. Highlights from his speech:

* How can this happen that even after coming to Kobe I return back without meeting you.

* People of Kobe had helped Gujarat during the earthquake in 2001.

* ‘First develop India’, is my definition of FDI. However the other one is Foreign Direct Investment.

* Told poor people of the country that even if you don’t have any money, we will still open an account for you.

*On the night of 8th November, Rs 500 and 1000 notes were scrapped, I thank the people of India for their support.

* It was important to bring out black money from those who had kept themselves.

* Earlier many people did not even drop a single coin on the Ganges, but are now throwing huge stocks of Rs 500 and Rs 1000 notes.

* This is not an overnight decision, first we had brought in a scheme. Its not that no opportunity was given, it was given.

* Till 30 December, there will be no trouble caused to anyone. Everything that is yours, you will get it.

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