p phi Competitive Times - Demonetization drive is like a purification campaign: PM Modi

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Demonetization drive is like a purification campaign: PM Modi
Prime Minister Narendra Modi has said that the 125 crore Indians will welcome the new year with new decisions, new spirits. Mentioning the government's new demonetization drive, PM has said that India has become witness to a shuddhikaran (purification) drive and for coming years, this will decide the course of things to come.

 PM said that government is committed for its effort in the New Year to ensure normality in the banking system at the earliest.

During address to the nation on the notes ban, PM said that our lives had been entangled in black money, corruption; had  forced the honest people to kneel before it.

PM further said that the notes that were cancelled amounted to a whopping 86 percent of the cash in circulation. Since the ban, 14 lakh crores have been deposited in banks and six lakh crore new notes are in circulation.


PM hinted that humans feel suffocated by the evils brought in overtime and it is the part of the life. But it is the fact that human tries to break free from these evils.

It is noted that since the ban, 14 lakh crores have been deposited in banks and six lakh crore new notes are in circulation. Now it has been clear that according to sources, in multiple raids over the past 50 days, over 3,000 crores have been seized in undisclosed wealth.


Government is committed for its next step in his war on corruption now PM has moved for cashless economy and it  has announced several incentives for making digital payments in this regard.

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