Published: Mon, December 26, 2016
Markets | By Terence Owen

Indian PM pitches for digital economy to root out corruption

Indian Prime Minister Narendra Modi, while addressing the nation on his "Mann Ki Baat" radio programme on Sunday, has hailed cricketers Ravichandran Ashwin and Karun Nair for the exemplary feats. He said that rather than aiming at immediate political gains, the government should work for the development of the country benefitting it for the long run. He said, "I congratulate people for not only enduring pain but also for giving appropriate answers to those who were trying to misled them". PM's statement also indicated it will still take few more days for the situation to normalise. Narendra Modi praised Sarbananda Sonowal's government in taking up the "cashless economy" initiative in fighting corruption, black money and terrorism. We will not take decisions for short-term political point scoring, he said. "We will not shy away from taking hard decisions if those decisions are in the interests of the country", Modi said. "This is real empowerment", Modi said.

The Prime Minister told the citizens that the two schemes Lucky Grahak Yojana and Digi Dhan Vyapar Yojana are being launched today to promote cashless transactions.

"We have retrieved it and turned it into an incisive law against "benami" property".

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This will be for those who go for cashless transactions and make a purchase worth more than Rs 50 but less than Rs 3,000 to keep special focus on the poor and the lower middle-class segments. Mr Modi said, India has improved its global ranking on several indicators in World Bank Business Report, World Investment Report, Global Competitiveness Report and Global Innovation Index 2016.

Government of Maharashtra and Railways would sign an MoU to carry out the work on three major projects - Bandra-Virar elevated corridor, Virar-Vasai-Panvel suburban corridor and CSTM-Panvel elevated corridor, Sahai said. He said, Government distributed equipments to 5.8 lakh Divyangs by spending 352 crore rupees. He also remembered Madan Mohan Malaviya on his birth anniversary while also wishing ex-PM Atal Bihari Vajpayee on his birthday.

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