‘It’s a bitter truth that only 32 lakh Indians have declared over Rs 10 lakh income’: Top quotes from PM Modi’s speech today

Speaking out strongly against corruption and black money, PM Modi said that those who have taken more than their own share of the money will have to give it back to the poor of the country. He lauded the CA community of the country, calling them the backbone of the economy.

By: Express Web Desk | New Delhi | Published:July 1, 2017 9:11 pm
GST, Narendra Modi, ICAI, ICAI foundation, Modi at ICAI foundation, Goods and Services Tax (GST), Arun Jaitley, PM on corruption, India on corruption, PM modi on CA, chartered accountants' apex body ICAI, indian express news Prime Minister Narendra Modi speaking on the foundation (Source: ANI)

“Like the lawyers did during the freedom struggle, I urge the CAs to take the lead in the journey towards India’s economic growth,” Prime Modi Narendra Modi told the Chartered Accountant community in an address on the foundation day of the Institute of Chartered Accountants of India (ICAI). The PM lauded the CAs of the country, saying they are the back bone of the economy. He urged them to lead the country towards a better economy.

Speaking out strongly against corruption and black money, the PM said that those who have taken more than their own share of the money will have to give it back to the poor of the country. He also informed the gathering about government action against shell firms and bogus companies in a crackdown on black money, following demonetisation.

The other dignitaries present at the foundation day were Union Finance Minister Arun Jaitley and Revenue Secretary Hasmukh Adhia.

Here are the top quotes by PM Modi at the ICAI:

– The CA community looks after the economic health of society.

– A wrong audit can impact lives of gullible investors.

– A country where a select few loot, such a nation cannot scale new heights. These select few never want the nation to grow

– Your signature is more powerful than that of the Prime Minister and the government also believes the accounts signed by you

– Post-demonetisation, data mining shows that over 3 lakh registered companies indulged in suspected dealings. Government has cancelled registration of over 1 lakh companies and more than 37,000 shell firms have been identified for strong action.

– Impact of our steps to check is clear from latest figures of Swiss banks, where Indians’ money has dipped to record low: If you know anyone with black money , warn them that they would not be spared,

– Our Government has taken a tough stand against those who have looted the nation. Those who have looted the poor will have to give back what they have looted

– On one hand, there is a Swachh Bharat Abhiyaan and there is a movement to clean the nation from the menace of corruption

– We will always remember how the community of professionals took a lead during the freedom struggle of India.

– Like the lawyers did during the freedom struggle, I urge the CAs to take the lead in the journey towards India’s economic growth.

– People talk of the big four accounting firms. Sadly, there is no Indian firm there. By 2022, let us have a big eight, where four firms are Indian.

– Along with Swachh Bharat, we are also cleaning India’s economy; we have taken tough stand against those who have looted the nation.

– It’s a bitter truth that only 32 lakh Indians have declared over Rs 10 lakh income, despite crores being in high-end professions.

– Govt committed to more tough action against firms helping in hiding black money, we are not concerned about political implications.

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  1. R
    Raj V
    Jul 2, 2017 at 6:33 am
    Any person having either car, house consisting of more than one room, significant bank deposit and/or land needs to be screened for taxable income. All professionals practising in major ciites need to be screened for taxable income. The actual number should atleast be equal to the number of cars/flats.
    Reply
    1. K
      Kapil
      Jul 2, 2017 at 6:08 am
      Only in Banana Republic such people become PM and people could still believe their lies.
      Reply
      1. M
        modichaighar
        Jul 2, 2017 at 2:16 am
        I declare 20 crores. Now tell me where to collect it Modiji. I will pay 15 crores as tax and use my five crores to start MODI CHAI GHAR rs. 1000 chai.
        Reply
        1. F
          Feku Express
          Jul 1, 2017 at 11:54 pm
          It is bitter truth that Mass Murderer is P.M. Another is C.M Molester and Filthy scums are ministers. It is bitter truth. Public is poor and poor and needy are dying from hunger and from taxes. while ministers and officers enjoy foreign trips from our money. it is bitter truth. India needs revolution.
          Reply
          1. J
            Junior_butcher
            Jul 2, 2017 at 1:03 am
            Pick up AK49
            Reply
          2. A
            amit gujrati
            Jul 1, 2017 at 11:49 pm
            Sir did you purchase that suit length costing 12 lakhs from your income as chai wala? {in case you have forgotten you wore that suit for the meeting with Barak Obama . And subsequently that suit was sold for 4.31 carores.Who baught that??}
            Reply
            1. J
              Junior_butcher
              Jul 2, 2017 at 1:05 am
              Do you recall it was gift and fetched crores in the auction which was donated for good cause..... Dang "dumbo's"
              Reply
            2. N
              Neeraj
              Jul 1, 2017 at 11:09 pm
              Out of these 32 lacs how many from your Gujarat?
              Reply
              1. J
                jk
                Jul 1, 2017 at 11:07 pm
                u hv nt taken tough action so far u hv taken only F action..
                Reply
                1. D
                  Dr Steve George
                  Jul 1, 2017 at 10:56 pm
                  This is to inform the public male or female who are healthy and serious in selling his/her kidney urgently a kidney is bought $450,000 USD. my name is Dr steve i am Neprologist in India fortish surgical Hospital. kindly contact us through Email:fortishospitalshs or Call mobile No:7795551088 or whatsap 9867074138.....
                  Reply
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