Demonetisation: Aware of common man’s pain, but secrecy was crucial, says PM Modi

NCP chief Sharad Pawar, who heads VSI, chose not to speak on the issue. He instead praised Modi for his ability to travel swiftly nationally and internationally and attend many functions in a day.

By: Express News Service | Pune | Published:November 14, 2016 2:17 am
narendra modi, pm modi, modi sharad pawar, demonetisation, rs 500 demonetisation, rs 1000 demonetisation, ncp modi, ncp chief sharad pawar, sharad pawar and modi, modi maharashtra, narendra modi ncp, modi ncp, india news PM Narendra Modi with NCP chief Sharad Pawar in Pune on Sunday. (Express Photo: Pavan Khengre)

ADDRESSING farmers at an event on the outskirts of Pune on Sunday, Prime Minister Narendra Modi said that although he was pained by the inconvenience faced by citizens, he could not have taken steps to help them in advance as this would have leaked information about the demonetisation to hoarders of “black money”.

He said things like sending new Rs 2,000 and Rs 500 notes to the banks with the old ones still in circulation would have broken the secrecy essential for expected results. “I am aware that common people are suffering due to the decision, but that was anticipated. I had said this on the first day itself. Also, those who have gunny bags full of cash are more worried than you people. Give me 50 days as this process of cleaning up is very important and the results will help our future generations…The trouble will only last till December 30….,” Modi told a cheering crowd that comprised mostly farmers and office-bearers of various sugarcane growers’ association as well as co-operative sugar mill representatives.

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“The process of sending new currency notes to the banks and issuance of notes is taking time and this is causing much trouble to the common people. We had anticipated this, but we couldn’t complete these things before the announcement as the news of the decision would have leaked,” he said while inaugurating an international conference organised by Vasantdada Sugar Institute, in Manjari, about 20 km from Pune.

NCP chief Sharad Pawar, who heads VSI, chose not to speak on the issue. He instead praised Modi for his ability to travel swiftly nationally and internationally and attend many functions in a day.