Mann Ki Baat: PM Narendra Modi thanks people for enduring demonetisation 'pain'
Prime Minister Narendra Modi on Sunday thanked people for enduring the "pain" caused by the government`s November 8 decision to spike Rs 500 and Rs 1,000 notes that has caused an unprecedented cash crunch across the country.
"I congratulate people for not only enduring pain but also for giving appropriate answers to those who were trying to mislead them," Modi said in his monthly radio address to the nation `Mann Ki Baat`.
ALSO READ: Demonetisation: Dishonest to face ruin after December 30, warns PM Narendra Modi
The Prime Minister said people faced hardships and inconvenience but "answered back those who publicly tried to mislead them".
The move to recall 86% of the total currency in circulation was ostensibly aimed at to curb corruption and black money in the country.
However, it has led to people in large number queuing up to withdraw or deposit cash in overcrowded banks and ATMs.
ALSO READ: India abolishes larger banknotes in fight against graft, 'black money'
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
12:30 PM IST