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.

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  1. A
    ashok s
    Nov 14, 2016 at 12:08 am
    We are ready to bear the pain sir , but ure the netizens that crony builders and jewellers didn't got the prehand info of this . they have transformed the cash into commodities and that's why salt vanguuished from market, next will other essential s
  2. A
    ashok s
    Nov 14, 2016 at 3:48 am
    Builders have duped the real home buyers , now they are not even taking the phone calls . the office stands deserted , construction work at full halt. I request I.e to conduct a survey on this.
  3. A
    ashok s
    Nov 14, 2016 at 3:12 am
    I don't think so the act was kept well guarded secret. The cronies were preinformed well in advance. The builders brought agro farms with cash ,capitalised it , floated a agro firm and made it listed in stock exchange where other cronies like jewellers parked their money. W black money was made white during last few months period.
  4. D
    Nov 14, 2016 at 2:24 am
    Modi landed from Tokyo on Sat 11.30pm y''day (7.5 hrs flight) lt;br/gt;Sunday early Morning Goa;br/gt;After which to Karnataka Belgavi, lt;br/gt;Back to Pune and Dilli. lt;br/gt;Late night Meeting on currency DeMonetisation started at 9pm Sunday...
  5. C
    Nov 14, 2016 at 1:02 am
    This is like the story of a King who, in his bid to kill an annoying housefly swings his sword furiously and chops off nose of his queen instead.
  6. I
    Nov 14, 2016 at 12:26 am
    only a few marwaris want to cash in creating a salt scarcity. India can provide enough salt at very low costs all round the year. Poor people were taken for a ride by these traders to make a fast buck and is similar to people who got photocopied 2000 Rs with people cashing in on their ignorance and also the trust integrity of most common people. It is here that the educated should use social media to show people how they could be cheated and warn them and even counter such dirty profit seeking leaches.
  7. A
    Ashok Mazumdar
    Nov 14, 2016 at 9:27 am
    The Winner Is Modi
  8. R
    roby mani
    Nov 14, 2016 at 3:47 am
    How can one claim that the w exercise was kept a secret. I am certain that, Amit Shah the BJP head was in know of things and it is only logical to ume that the message had been ped on to the close allies and friends of the BJP well in advance.
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