Decisions Taken by Modi in 31st December Speech

List of New Decisions taken by modi govt in 31st December 2016
Prime Minister Narendra Modi will address the nation on New Year eve with primary focus, as widely speculated, on demonetisation and its effects on the Indian economy. The prime minister is likely to touch upon the benefits of the demonetisation move, the gradual shift towards digital payments and its long-term impact on the Indian economy, among other things. This will be the second time that the prime minister will be addressing the entire nation after his sudden announcement of the demonetisation move on November 8, when he had scrapped old high denomination notes of Rs 500, and Rs 1,000 in a bid to curb the menace of black money and counterfeit currency. His speech will be telecasted live on national channel Doordarshan.

List of Decisions taken by Modi

  • Senior Citizens To Get Guaranteed 8% Interest Rate For 10 Years
  • Under the ‘Pradhan Mantri Awas Yojana’, the urban poor people constructing houses will get up to four per cent subsidy on interest rate for constructing houses up to Rs 9 lakh. The interest rate subsidy will be three per cent on house construction cost of up to Rs 12 lakh, the Prime Minister said.
  • In rural areas, people constructing/renovating houses with up to Rs 2 lakh with get interest rate subsidy of three per cent.
  • India has gone through a massive cleansing process, purification drive with demonetisation. In the new year, we hope to return normalcy to banks
  • Indians were desperate to break free of corruption, but were given no chance to do this earlier.
  • There is no precedent globally for what India has done.
  • Indians have redefined the concept of sacrifice and shown unparalleled example of citizen sacrifice.
  • The commitment and discipline with which Indians have tackled the cash crunch will be cited for generations.
  • This is the first instance in India’s history when the government and the people have fought shoulder to shoulder. I got thousands of letters – they shared pain, and reaffirmed resolve.
  • The government’s priority is to ensure help and protection for the honest.
  • In such short time, so much money has never come to banks. I appeal to banks to prioritise the poor, lower middle class and underprivileged.
  • This could make you laugh or very angry. Only 24 lakh people admit that they earn more than 10 lakhs a year, even though you see so many big cars, big houses in every city. Should the fight against corruption not be strengthened?
  • When corruption and black money is talked about, political funding becomes a large part of the conversation. The time has come for all political leaders to understand the people’s anger. Politicians must shun a holier than thou mentality and work towards reforming the political system.

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