Prime Minister Narendra Modi on Saturday said that the ban on high-value notes was the biggest cleanliness drive in the history of Indian Politics that has undertaken against the black money and its hoarders. He ensured the public that money which has been looted will be brought back and the rules will the same for everyone.
Addressing the Indian community in Japan, PM Modi said he was aware that the people would get into the huge trouble after an unexpected ban on high-value notes of Rs 500 and Rs 1000, however, emphasized that it was impetuous in the larger interest of the nation. “I salute each and every Indian. Many families had a wedding, health problems… yes they faced inconvenience but the accepted the decision,” PM said.
What Modi said in Japan on ban of High-value notes:
- PM Modi who arrived in Tokyo on Thursday night for a three-day visit Japan, said the government had not taken the decision on demonetization in hurriedness. “We had given 50 days to people to show their hidden wealth till September before the government announced on currency ban.
- Earlier today, from Tokyo, PM Modi, accompanied by his Japanese counterpart Shinzo Abe, traveled to Kobe by the famed Shinkansen bullet train, the technology that will be installed for the Mumbai-Ahmedabad high-speed Railway. He also visited the Kawasaki Heavy Industries facility in Kobe, where the high-speed railway is manufactured.
- Three agreement will allow Japan to supply nuclear reactors, fuel, and technology to India, which will be the first country that has not signed Non-Proliferation Treaty or NPT to have such a deal with Tokyo.
- Both countries had signed an agreement last December when Abe’s visited India, but Japan the only country to have suffered a nuclear attack saw strong political resistance to deal, especially after the 2011 disaster at the Fukushima Nuclear Plant.
- A combined statement by PM Modi and Mr. Abe also made a strong indication to Pakistan” The two Prime Ministers condemned terrorism in strongest terms in all its forms and manifestations in the spirit of Zero tolerance.
- Pm Modi also addressed top Japanese CEOs to invest in India, saying India has a huge and extensive need for finances and his government is pursuing reform policies for making country world’s most open economy.