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.”