PM Modi to review demonetisation process, Arun Jaitley to attend meet

Earlier in the day, Modi made an emotional appeal to the people to bear the hardship for another 50 days and help the government in fighting black money and corruption.

By: Express Web Desk | New Delhi | Updated: November 13, 2016 8:26 pm
Narendra Modi, Modi,black money, corruption, demonetisation “My dear countrymen, I gave up everything…my home, my family. I gave up everything I had for this country,” said Modi.

Amid growing criticism over government’s decision to scrap high value currency and chaos at banks, Prime Minister Narendra Modi will hold a review meet of the demonetisation process on Sunday night, according to news agency ANI. The meeting will be attended by Finance Minister Arun Jaitley and RBI Deputy Governor.

Earlier in the day, Home Minister Rajnath Singh and Finance Minister Arun Jaitley took stock of the prevailing situation in the country in the wake of demonetisation of Rs 1000 and Rs 500 notes.  In an hour-long meeting, the two Ministers were briefed about the situation in different states where heavy rush were witnessed in banks and ATMs to change old notes and withdraw cash.

Union Home Secretary Rajiv Mehrishi and other top officials of the Ministries of Home and Finance attended the meeting, official sources said.

The Centre has already asked all states to ensure proper security in all banks, ATMs and vehicles transporting cash in the wake of demonetisation of Rs 500 and Rs 1000 notes. The Home Ministry has deputed three too officials to be in touch with state governments to ensure security of banks, ATMs and cash transporting vehicles.

Meanwhile, leaders of the Congress, TMC and Left parties have called a meeting on Monday at 4 pm to discuss on Demonetisation issue.

The prime minister today made an emotional appeal to the people to bear the hardship for another 50 days and help the government in fighting black money and corruption. Taking the opposition, particularly Congress, head on for targeting his government over demonetisation, Modi said those involved in mega scams were now standing in queues to exchange Rs 4000.

Making an emotional but combative speech, he said he was ready to face the consequences of his moves as certain forces were “up against me” because their “70 years of loot” was in trouble as a result of demonetisation. “I know that (some) forces are up against me, they may not let me live, they may ruin me because their loot of 70 years is in trouble, but I am prepared,” Modi said.

His lips trembled and there were long pauses when, fighting back tears, he said, “My dear countrymen, I gave up everything…my home, my family. I gave up everything I had for this country.”

Under unrelenting opposition attack over demonetisation of Rs 500 and Rs 1000 currency notes and the misery it has brought for the common people, Modi said,”This government does not want to bother honest people but doesn’t want to spare the dishonest. Bear with me for 50 days. Has India been looted or not? ….. I am not going to stop at this. I will expose the history of corruption of 70 years since Independence.”

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First Published on: November 13, 2016 8:17 pm
  1. A
    Ajay Kumar De
    Jan 18, 2017 at 4:12 pm
    Modiji, lt;br/gt;Please answer one question if you have guts. No, I not discuss if it was right or wrong to dellegalise SBNs. It is always possible to unearth/recover even Rs. 200 crores in dellegalised SBNs of denominations 1000 and 500 from one man and his family who is ding and dealing with black money for, say, fifty years. But how do we find IT dept unearth/recover even only half, say, Rs. 100 crores in new currency of denomination Rs. 2000 that has age of only one and half months or two months only from any person or famil. Bank branches did not have enough supply of new currency that too with restriction exchange and withdrawals, ATMs went dry or with restriction. You and your lieutenants Rajanji and Urjitji are only got to answer where was/were the sorce/s of leakage of new currency of only two months age maximum. Yes, the summon by any parliamentary committe or the PAC is any gimmick or a got up game to protect you from any possible scam or scandal, this one question can work to unmask you and the lieutenants requiring each of them to go straight to gallow.
    Reply
    1. N
      Naavan
      Nov 13, 2016 at 4:08 pm
      Government should ignore the noise from the Corrupt Paid media, which is working for the corrupt and anti-national forces. Remember, these are the same forces which campaigned on the fake intolerance issue to defame the nation. Although there are some minor problems, all patriotic Indians support the government effort to eradicate black money. Only Congies, Commies, and terrorists oppose the demonetization of high denomination notes.
      Reply
      1. K
        Kutta
        Nov 16, 2016 at 8:34 pm
        Amit shah has not earned single penny in black money. HAIL MODI.....lt;br/gt;PUN INTENTED
        Reply
        1. K
          Kutta
          Nov 16, 2016 at 8:37 pm
          Internet users dosent make 2% of indian potion. So all the bhakts go take a hike. U will be rewarded soon. Ha ha ha
          Reply
          1. S
            Sheshuvani konduri
            Dec 3, 2016 at 3:49 pm
            Why thinking of 70 years of rule think how to solve problem.govt is electing IT,CBI ,Bank staff, monitoring the deposits instead of printing notes.When u know how many channels to fought against black money u people do not know the cash crunch position.Now people waited and cooperated still 50 days how it is possible.and u are thinking that what money is your money and it will not go back from bank.Is it possible and lost economy will be regained.Think before action Now one intelligent soldier all others are boosting saying yes Boss.All ways say Boss is always correct.
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            1. A
              ADITYA MISHRA
              Nov 13, 2016 at 5:34 pm
              Yesterday my father told me that for the first time politicians are made crippled..HAIL MODI!!
              Reply
              1. A
                ADITYA MISHRA
                Nov 13, 2016 at 5:33 pm
                why everyone politician is opposing by saying that the people who standing in the queue are poor people and these are not corrupt people....but my point is that only poor and people having white money will only stand in queue.. how can we expect a person with some crores to go to bank to deposit money..so I think the politicians should either stop saying this or should change their tactics..bcoz this is not working...poor politicianss!!
                Reply
                1. R
                  Raj
                  Nov 13, 2016 at 3:33 pm
                  Now not thinking of country. ...now worried about losing votes
                  Reply
                  1. G
                    Gyanesh
                    Nov 13, 2016 at 4:39 pm
                    Logic that poor is suffering more or those who are standing Q are mostly poor is mainly because they have been used by black marketeer by using their ID cards and sometimes copies of I'd of ignorant being used to exchange notes for that they are paid some money.As far road side vendors thier business is based on low denomination notes they were not accepting thousand rupees note for a kg of vegetable.Chaos made by political parties media is understandable it shows that bullet hit the bulls eye
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                    1. P
                      Prakash Chugh
                      Nov 13, 2016 at 3:17 pm
                      He is right .
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                      1. M
                        Mangal Laguri
                        Nov 13, 2016 at 3:28 pm
                        Good work but badly messed up. Poor are the prime sufferers... Acche dinn dream turns nightmare?
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                        1. M
                          MLN Rao
                          Nov 13, 2016 at 4:25 pm
                          Though old 500 and 1000 notes are withdrawn, the new 2,000 and 500 notes do not do any good as how many people can give change in exchange of those notes. For every bank visitor ten hundred rupee notes may be given to tide over for the changes. That only give relief. Not the 4,000 in new notes. The habitual black marketers with hold small notes to create panic in public.
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                          1. v
                            velaler.com velaler
                            Nov 13, 2016 at 3:16 pm
                            It is only poor labour, farmer and small traders are suffering,mainly due to poor planning and exceution in a badly manner of demonetisation.If it was planned properly,poor would have suffered mucch less. Almost all workers get wages on 10th,who cannot survive due to non-payment of wages.Farmer's are unable to sell their produce, vegetable/fruits get spoiled, milkman fails to sell the milk.Morarjee Desai demonetised in 1978, but sufffeings were much less,because poor had hardly the currency demonetised.Now 500 rupee note is 45% of total currency in circulation. Further exchange/withdrawal has been made very tough for common man.
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                            1. S
                              sagar
                              Nov 13, 2016 at 6:41 pm
                              I slam today's youths who appear in social media and tells they are with Modi. For what? It is same youth who quarrel with parents if money is not given to them. Today, they stand in queue for 5 days. They blame parents and even slaps them and kicks out poor old parents from home. Sometime they slap even wives when they ask extra money. Today, these youths shamelessly support Modi? How shameful our generation, they stand for 5 days in queue for money for Modi. And Modi banking upon this shameless youths
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                              1. S
                                shiva
                                Nov 13, 2016 at 3:18 pm
                                mr modi rather then getting emotional and giving a political colour to situation please solve it because it is the common man who is on the streets and not the big business man who are having black money we know that your move was not bring out black but strengthen your banks to clear the NPA becz ultimately you are allowing people to deposit but no withdrawal nice pla and by taking out 2000rs note you are saying you will curb black money if you real want to curb the courption change the ownership with your current ultimately the factory owner will remain the same or the ownership of anything they will horde the again in coming years and we can see how fast it was done where you had printing mistake on 2000rs and in speech you said you have done so much for the country so was did by atal bhari vajpay but he never showed or cried not even him every leader have handled the situation you are experimenting on us and one more BAN
                                Reply
                                1. T
                                  Toney Thomas
                                  Nov 13, 2016 at 3:19 pm
                                  Where are the Adanis, Ambanis.. etc., It's the common man who is taking the pinch.. People and kids dying... Hope he reads the news.. Common man are fools...
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                                  1. V
                                    vale
                                    Nov 13, 2016 at 3:34 pm
                                    6) MOnitor ultra richs individuals (those owning luxury cars whose number i am sure would not have been more than 1-2 crore in india instead of inconveniencing 125 crore people)lt;br/gt;7) Actions on the "Swiss Account holders"lt;br/gt;lt;br/gt;This could have been a good start. Then middle cl would not have felt being unnecessarily targeted/hared by this decision. lt;br/gt;Otherwise this action really feels like a diversion from the failure in getting money from foreign accounts, the rising food rates, low employment rate, the failed diplomacy with stan, etc.lt;br/gt;Anyways let's hope things will get better!!
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                                    1. v
                                      vijay_bhatia
                                      Nov 13, 2016 at 3:21 pm
                                      Clearly Govt did not do it's job well. Why new 100 , 50 notes were not printed en-m and made available in banks and ATMs before demonetizing 1000 and 500 notes?lt;br/gt;Why should people bear hardship, because you can't manage efficiently? No surprise factor was needed for this move..You are giving until Dec st anyways to exchange 1000 and 500 notes with other denominations. lt;br/gt;Fine management is THE thin line between real leadership and chest thumping big fella leadership.
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