PM Modi Speech Live Streaming 31st December 2016: Indian Prime Minister Narendra Modi is going to address the nation regarding Demonetization at 7:30 pm today, Dec. 31. He will deliver a speech on the occasion of New Year’s Eve 2017. National broadcaster Doordarshan will telecast it live.
It is expected that PM Modi will roll out one more roadmap for the Indian economy. The first phase included the banning of high-value Indian currency notes of Rs. 500 and Rs. 1000. It is done to eliminate the corruption and curb the black or undeclared money from the people. It’s the time for the second phase in the run.
PM Modi Speech Live Streaming 31st December 2016
Narendra Modi will address India for the second time after November 8. On Nov. 8, he outlawed the old currency notes of 500 and 1000 rupee. A 50-day period was given to the people to deposit the same in the banks till December 30. It ended yesterday, Friday. The Prime Minister had promised to ease the cash problem that
The Prime Minister had pledged to reduce the cash problem that arises following the demonetization. It also got over. Let’s see if PM Modi gave details of how and what the steps were taken by his government. A number of times, he asked people to bear the “small term pain for long term gain” during the public speeches.
With the demonetization, the Prime Minster of India has taken a significant step forward and towards the cashless economy. It is an huge step to ensure the transparency and eventually to end corruption. During this 50-day period, cashless transactions increased by a significant percentage.PM Modi Speech Live Streaming 31st December 2016
However, some people utilized the opportunity to gain for themselves. People exchanged the old notes for new Indian currency notes for a percent/commission. Some banks and bankers also took profit of the situation. However, many of them got arrested. A significant amount of cash was found during the constant raids.
A number of incentives were announced for digital transactions by the government. It was done for both consumers and traders; both will get benefit from it. Moreover, PM Modi launched an India-made digital payments app. Using it, Indian people can do fast and secure cashless transactions quickly without any problem directly from their mobile phones.
The app has been given the name of Babasaheb Bhim Rao Ambedkar. It is now known as ‘BHIM.’ Ambedkar is known as the architect of the Indian constitution. Moreover, BHIM is an acronym for the Bharat Interface for Money. Using BHIM app, individuals can do easier payments using the Unified Payment Interface (UPI) and USSD.