PM. NARENDRA MODI (INDIA)
12/30/16 INDIA, PM Narendra Modi has given an exclusive interview, first time on demonetisation. PM Modi dismissed all criticism and talked about the economy of India and its future and how he sees the protest against note ban. Black money and corruption high in volumes with our enemies have been neutralized. The govt tried its best and every rupee leaves a trail, all money returns to the bank and holders of black money may hide behind the bank accounts of others. In this game of hide and seek they have few days to hide but the mechanism will seek them out. Cash held by terrorists and other extremists has also been neutralized so that illegal activities, such as human trafficking and narcotics.
This is not a political demonetization decision, it was taken to clean up our economy and our society. It has a multiplier effect of money, which was till now uselessly hoarded and stocked away as cash. Therefore, I see digital payment as a method of cleaning the economy in the long run. PM Narendra Modi said he may speak about the roadmap and post-demonetisation period especially on the steps likely to be taken to ease cash flow and how future plans take place.
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