Prime Minister Narendra Modi is addressing the country tonight, delivering a speech first in Hindi and then English.
The PM met a few hours ago with all three military chiefs amid major ceasefire violations by Pakistan in Jammu and Kashmir.
Here are the highlights from his address:
1. Some important decisions and some serious issues to share.
2. When you elected this government
in 2014, world was talking about India being shaky economically. But
India is now an economic star - this is what IMF and World Bank are
saying.
3. Sab ka sarkaar, sab ka vikas -
governance and progress for all is our motto. We are focused on
empowerment of the poor. A series of schemes we have introduced all aim
at this. This is a government for our farmers.
4. Corruption and black money are diseases rooted in this country, they are obstacles to our success.
5. We are among fastest-growing economies, but we also rank so high in global corruption rankings.
Terror strikes at the innocent. Who
funds these terrorists? Across the border, our enemy uses fake currency
and dodgy funds to sponsor terror - this has been proven repeatedly.
6. Terror strikes at the innocent.
Who funds these terrorists? Across the border, our enemy uses fake
currency and dodgy funds to sponsor terror - this has been proven
repeatedly.
7. Our measures to check black money
are paying off. A voluntary disclosure scheme for undeclared money saw a
good response. A Special Investigating Team is making progress to
identify who has sent money abroad.
8. 1.25 lakh crores of black money has been recovered.
We need to take a new solid step to
fight black money. From now on, Rs. 500 and Rs. 1000 notes will not be
used. Have 50 days to turn them into banks and post offices.
9. On November 9 and in some places on November 10, ATMs will not work.
10. Respite for people for the
initial 72 hours, government hospitals will accept old Rs. 500 and 1000
notes till 11 November midnight.
11. Petrol pumps and retail outlets
will have to keep every single entry of cash transaction with 500 and
1000 notes till November 11.
12. Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11.
13. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.
14. Those unable to deposit Rs. 1000,
Rs. 500 notes by December 30 for some reason, can change them till
March 31, 2017 by furnishing ID proof
15. Notes of Rs. 2000 and Rs. 500 will be circulated soon, RBI has decided to limit the notes with higher value
source : NDTV
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