G-20 Summit: Demonetisation blow to corruption, says PM Modi

In the presence of US President Donald Trump at the meeting on global growth and trade, Modi said that the “rise in protectionism threatens gains from globalisation and the G-20 must speak in one voice to support and sustain a regime of openness”.

Written by Shubhajit Roy | Hamburg | Updated: July 8, 2017 3:35 am
G20 Summit, Narendra Modi, donald trump, Demonetization, BRICS meet, Modi Xi meeting, Hamburg protests, Xi Jinping, G20 Summit, Angela Merkel, Indian Express PM Narendra Modi, German Chancellor Angela Merkel and French President Emmanuel Macron in Hamburg Friday. Reuters

Prime Minister Narendra Modi on Friday told G-20 leaders that India’s demonetisation move had dealt a “blow to corruption, boosted digitisation and enlarged the formal economy”. At the session on global growth and trade, he said: “We are ready to carry forward the fight against black money and corruption. Hope G-20 will assume leadership to act on all important issues.” A global implementation of automatic exchange of financial account information on a reciprocal basis would help curb black money and illicit flows, he said.

In the presence of US President Donald Trump at the meeting on global growth and trade, Modi said that the “rise in protectionism threatens gains from globalisation and the G-20 must speak in one voice to support and sustain a regime of openness”. Modi also spoke on the Sustainable Development Goals to remove poverty, inequality and take steps to battle climate change. The Prime Minister said Skill India and Digital India as well as financial inclusion measures were India’s own initiatives in consonance with development goals.

Stressing upon the need to be forthcoming on climate change action, he said developing countries must have enough room to grow. Modi proposed an international coalition of countries that can identify technology, develop systems and build capacities, and that “India (is) ready to lead” on this front. Modi also emphasised the need for cooperation while dealing with opposing realities on the climate change debate.

He outlined his national priorities before the G-20 summit, which included lifting 100 million households out of poverty by 2019, doubling income of farmers by 2022, and equipping 500 million youths with productive skill sets.

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  1. A
    Avinash waghmare
    Jul 9, 2017 at 6:28 am
    Best pm Narendra modi
    1. M
      Jul 8, 2017 at 11:07 am
      Demonetization was Blow to Economy because country's GDP has fallen to all time low under Modi and country headed to economic Decline in negative territory first time in 25 years.
      1. A
        Jul 8, 2017 at 8:54 am
        The 'King of Narcissism"
        1. S
          Shridhar Shettigar
          Jul 8, 2017 at 8:46 am
          Don't we have the right to ask How demonitization blow to corruption...?? In my opinion after introduction of Rs 2000 currencies it has become easy for corruption..
          1. E
            Eve Fernandez
            Jul 8, 2017 at 8:45 am
            What the PM says most of the time is not supported by facts and figures. Demonetization has not had any significant positive impact. It has created only hardship for common man. Slowly Modi admirers are awakening to the realities of questionable claims of this government. It has not reduced corruption and public faces corruption in their daily life. Can any one renew a driving licence , register a property , get a ration card dealing with govt staff without middle men?
            1. N
              Nagar Iyer
              Jul 8, 2017 at 9:08 am
              {Either u r a 'totally stupid nincom ' or u have 'lost tons of money' due to demonetization} (Demonetization has brought a bonanza of 10 Trillion to the Government without conducting a single TAX RAID. Is this not a positive impact?) [In just one evening almost all our corrupt sickular politicians have become paupers with all their 'locally held black cash' fully consficated? Is this not a positive impact?]
              1. E
                Eve Fernandez
                Jul 8, 2017 at 10:03 am
                Your mind is full of hatred. Your use of word sikular reveals to what ilk you belong. So you are blind to facts. Corrupt people are there in all political parties as well in all starta of society. No body has become pauper. Because of the still prevalent corruption, those who have lost money may recoup again in a few years. Are hospitals allowing digital payment? Corruption in spheres in may earlier post-- Your response. Your vituperatives do not is not subs ue for facts
              2. S
                Jul 8, 2017 at 9:55 am
                The middlemen are there because you are too busy or too lazy to do your own job and you have cash which you can't spend legally. The answer to these problems I'd digitisation. For example in the good old days of Congi bonanza log cylinders used to delivered after about one month from the date of booking if you were lucky enough. Now after digitisation you get it within 48 hours of your booking. Same thing has happened in case of driving license. After introduction of Aadhar you can no longer get driving license without test driving and appearing in person before the authorities. No middlemen can help you to get a license you don't deserve or qualify to have. States have been slow in issuing digitisation of ration card. You talk of cons utional federalism and abuse Modi when he acts tough on defaulting state governments. So blame digitisation rather than mending governance at state level?
                1. E
                  Eve Fernandez
                  Jul 8, 2017 at 1:58 pm
                  The middle men are there because you cant get work done in govt offices with in reasonable time in you involve directly. Govt officials like to deal through middle men. How many days leave you can take for getting a job done. Digitalisation was already there during congress rule. You had pancard, aadhar card, IRCTC reservation, epayment of EB bills etc. Can you name one postive thing with NDA govt. has done on their own? They are just pursuing congress initiatives. Connress efforts to introduce GST was stopped by BJP and now BJP claims credit. Difference is UPA was minority govt they could not do all the things that they wished to do. BJP with majority is comfortable. Even then their support in last election was mainly due to UP. They still don't have representation in many states. It is admitted that their divisive policies has yielded them and still yielding them electoral sucesses. People will see through in time unless they deliver in the balance 2 years.
              3. M
                Jul 8, 2017 at 7:29 am
                1. B
                  Jul 8, 2017 at 6:36 am
                  So far Modi has dismayed the world and his own people. Nobody is going to trust him.
                  1. R
                    Jul 8, 2017 at 9:57 am
                    Porki, speak just for yourselves. Don't venture into area which your pea-sized brain cannot handle.
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