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New Delhi: Prime Minister Narendra Modi is addressing the country tonight, delivering a speech first in Hindi and then English.
Here are the highlights from his address:
* Some important decisions and some serious issues to share.
* When you elected this government in 2014, world was talking about India being shaky economically. But India is now an economic star - this is what IMF and World Bank are saying.
* Sab ka sarkaar, sab ka vikas - governance and progress for all is our motto. We are focused on empowerment of the poor. A series of schemes we have introduced all aim at this. This is a government for our farmers.
* Corruption and black money are diseases rooted in this country, they are obstacles to our success.
* We are among fastest-growing economies, but we also rank so high in global corruption rankings.
* Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.
* Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.
* Our measures to check black money are paying off. A voluntary disclosure scheme for undeclared money saw a good response. A Special Investigating Team is making progress to identify who has sent money abroad.
* 1.25 lakh crores of black money has been recovered.
* We need to take a new solid step to fight black money. From now on, R
s.
500 and R
s.
1000 notes will not be used. Have 50 days to turn them into banks and post offices.
* On November 9 and in some places on November 10, ATMs will not work.
* Respite for people for the initial 72 hours, government hospitals will accept old R
s.
500 and 1000 notes till 11 November midnight.
* Petrol pumps and retail outlets will have to keep every single entry of cash transaction with 500 and 1000 notes till November 11.
* Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11
.
Here are the highlights from his address:
* Some important decisions and some serious issues to share.
* When you elected this government in 2014, world was talking about India being shaky economically. But India is now an economic star - this is what IMF and World Bank are saying.
* Sab ka sarkaar, sab ka vikas - governance and progress for all is our motto. We are focused on empowerment of the poor. A series of schemes we have introduced all aim at this. This is a government for our farmers.
* Corruption and black money are diseases rooted in this country, they are obstacles to our success.
* We are among fastest-growing economies, but we also rank so high in global corruption rankings.
* Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.
* Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.
* Our measures to check black money are paying off. A voluntary disclosure scheme for undeclared money saw a good response. A Special Investigating Team is making progress to identify who has sent money abroad.
* 1.25 lakh crores of black money has been recovered.
* We need to take a new solid step to fight black money. From now on, R
s.
500 and R
s.
1000 notes will not be used. Have 50 days to turn them into banks and post offices.
* On November 9 and in some places on November 10, ATMs will not work.
* Respite for people for the initial 72 hours, government hospitals will accept old R
s.
500 and 1000 notes till 11 November midnight.
* Petrol pumps and retail outlets will have to keep every single entry of cash transaction with 500 and 1000 notes till November 11.
* Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11
.
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