In his first month radio address Mann ki Baat since the ban on currency of high denomination, Prime Minister Narendra Modi today reiterated that it will take 50 days for the cash crunch to be over and the situation to normalise. He also appealed to the youth to learn about cashless transactions, saying it was “no more difficult than WhatsApp”.
“Everyone has asked me to speak in detail on the Rs. 500 and Rs. 1000 notes. I repeat what I told earlier, it will take 50 days to completely imbibe the change,” PM Modi said.
Prime Minister Narendra Modi on Sunday warned people who he said were using the poor to bring back black money into the system and made it clear the guilty will be punished.
“Some people think they can convert their black money into white. And are looking at unlawful ways. It’s unfortunate they have chosen to use poor people for this,” Modi said in his 26th edition of his radio talk “Mann ki Baat”.
“I want to say that it is up to them to abide by the law or break it, it is up to them if they want to correct themselves. The law will deal with them. But please don’t play with the lives of poor,” Modi said.
He warned that people should not convert their black money into white by using the poor people and put them into trouble.
The Prime Minister’s remarks came amid reports that many people were trying to convert their black money into white by using the bank accounts, including Jan Dhan accounts, of the poor.
Aggregate deposits in Jan Dhan accounts have increased to Rs 64,252 crore in the first week after the government’s November 8 demonetisation of high-value currency.
The Prime Minister also expressed confidence that India would shine like gold following the government’s decision to demonetise high value currency that would curb unaccounted wealth in the country.
“Just like gold we will emerge glowing from this fire. The main reason behind this confidence is our people,” he said.
Modi said he had cautioned that there would be inconveniences caused by the move and that “we would face new problems”.
“I had said it will take about 50 days for the situation to normalise. It is not easy to get rid of the 70-year-old problem” of corruption and black money, he emphasised.
“Your support despite severe problems touched me. You have not wavered despite efforts to misguide you,” he said in his address, weeks after the surprise move caused an unprecedented crash crunch in the country.
Modi also asked the youth of India to take a pledge and make the country a cashless society that would curb rampant black money and corruption.
He, however, said 100 per cent cashless economy was not possible but there was no harm in trying.
“I need your support,” Modi said and asked young men and women to teach at least 10 families daily how to go cashless and make electronic payments.
“Take pledge to be a part of a cashless society from today. Not only this, you will also have to take time to educate at least 10 families every day. Educate them on how to download apps, how to spend money using mobile phones, how to make payments. How to do business.”
Modi said he needed the youth to lead the campaign so that “common people will be trouble free” after learning about cashless transactions.
“All youth can do it very quickly and within a month the world can see a modern India. Be a soldier of change and bring it on. We will fight the black money and corruption. We know it is you who can bring the change and revolution.”
Modi urged small traders to enter the digital world to increase their business. He sought everyone’s cooperation to make the campaign against black money a success.
The Prime Minister said the people must stand with the soldiers to boost their morale and strength.
“We must stand with our forces. When the entire nation stands with our ‘jawans’ (soldiers), their strength increases 125 crore times.”
Modi announced the government would publish a coffee table book containing the wishes from people to soldiers on the occasion of Diwali.
“One of the soldiers wrote to me that this year they did not feel lonely while celebrating Diwali at the borders.
“He said the soldiers celebrate all their festivals be it Holi or Diwali at the borders as all the time they are immersed in protecting the nation,” Modi said.
The Prime Minister said he has taken this decision for the poor — the farmers and labourers who are deprived and who are suffering. A part of the change, he said, would be transferring the salaries of labourers and farm workers in their banks. This will stop the problem of non-payment of minimum wages.
“We want labourers of the country to open bank accounts, deposit their salary in these accounts so that the minimum wage act is followed. Once you have bank accounts, you can use e-wallet facility using any mobile phone,” he said.
The government’s announcement banning currency notes of Rs. 500 and Rs. 1,000, aimed at flushing out black money, on November 8 has witnessed huge queues outside banks and ATMs since. The matter has become a full-blown political controversy, with the opposition calling a nationwide protest on Monday, highlighting the problems the common man is facing.
The government’s move, meant to flush out black money, however, has largely received support from the people.
Appealing to the people to be patient and make the transition to a cashless society, he said, “When I had taken the decision (to ban currency of high denomination), I had said that it would be full of difficulties… It would take time to overcome problems we have been facing for the last 70 years. It will not be easy.”
Prime Minister Narendra Modi on Sunday delivered this month’s edition of his radio address, Mann Ki Baat. The PM discussed demonetisation, the importance of cashless transactions and board exam attendance in Jammu and Kashmir.
Here are 10 key quotes from the programme.
Learning to use cash less
Learn how this digital economy works. Learn the different ways you can use your bank accounts and internet banking. Learn how to effectively use the apps of various banks on your phones. Learn how to run your business without cash…Learn about card payments and other electronic modes of payment. Look at the malls and see how they functioning.
The role of young people in the transition to a cashless economy
You (young people) can teach your folks at home. Not just that, you could teach five neighbours a day. More importantly, if you could teach a push-cart vendor or your vegetable vendor, there is no reason we cannot move towards a cashless India.
Using mobile phones to make payments
Transferring money using your mobile is easier than sending a joke on WhatsApp.
One of the largest demonetisation initiatives
We are such a massive nation, with 125 crore people. This is among the largest initiatives of demonetisation ever undertaken.
The Prime Minister thanks bank and post office employees
Lakhs of bank and post office employees are slogging to make this (demonetisation) work. None of this would have been possible without all of your support. I thank you all.
Use of RuPay cards has tripled
There has been a 300% increase in the use of RuPay cards, since poor people started using it.
Treating a 70-year old ‘disease’ not easy
I understand the inconvenience this has caused. But to treat a disease that has plagued our nation for 70 years, you can be assured the treatment cannot be simple.
A message for people trying to convert black money into white
There are still some people who are looking for ways to convert their black money into white. These people are using poor people for this. I want to tell these people, mending your ways or not mending your ways is up to you. But, don’t use poor people for your designs.
On board exam attendance in Jammu and Kashmir
High attendance of 95% in Board exams in Jammu & Kashmir shows the resolve of the youth there to strive for a better future.
A bright future for Kashmir’s children
I had met a few representatives from Kashmir, a few days back. We discussed the unrest in the Valley. I had urged them to return and pay attention to building (a) bright future for the children in the Valley. (I’m) glad to see results.
Goa will be first state to go cashless from December 31
Goa is likely to become the first state in India to go cashless from December 31, as people will be able to buy perishables such as fish, meat, vegetables or anything else at the press of a button on their mobile.
There will be no need to carry your purse for purchases and the profession of pickpocketers may become extinct soon, as all transactions will be done on the mobile. “The money on purchases will be debited to the person’s bank account,” chief secretary R K Srivastava told STOI.
One has to dial *99# from their mobile phone, not necessarily a smart phone, and follow the instructions to complete the transcation. This system is being introduced to transfer money to small vendors who do not have swipe machines. Swiping of ATM and credit cards at shops and establishments will also continue.
A drive to create awareness on how to operate the cashless transaction for vendors and small shops and the public will commence on Monday at Mapusa and Panaji, in Goa.
While cash transactions are not being banned, the move is to encourage a cashless society. Also, there will be no minimum limit on the cashless transfer of money. Chief minister Laxmikant Parsekar said no fees will be charged for any of these transactions over the mobile.
Defence minister Manohar Parrikar on Saturday held a meeting with government officials and all the major nationalized and private banks. During the meeting, Parrikar discussed the modalities to implement the cashless scheme in the state.
Parrikar said at the Vijay Sankalp Rally at Sankhali on Friday that PM Narendra Modihad a dream about a cashless society and “they told me that Goa can become the first state to go cashless”.
“One thing we decided is that whenever India becomes a cashless society, Goa will become the first. We have to support the prime minister’s dream,” Parrikar added saying that your mobile can become your bank and one can do anything once he/she has registered her/his mobile number with the bank under the central government unified payment interference (UPI).
“Everybody should have an account, card and the account should have money,” Srivastava said.
Source : News Articles
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