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Short term pain will pave way for long term gains: Modi on demonetisation

narendra-modi-slam-oppn (File) Prime Minister Narendra Modi

On Thursday, when the demonetisation process completed a month, Prime Minister Narendra Modi appeared to lift the spirits of those bearing the brunt of this financial rigmarole.

With three weeks to go and no signs of lengthy queues outside the banks abating, PM equated the people’s effort with performing Yagna (holy ritual). “I salute the people of India for wholeheartedly participating in this ongoing Yagna against corruption, terrorism and black money,” Modi said in a series of tweets.

Prime Minister also urged the people to embrace increased cashless payments and integrate latest technology in their economic transactions.

Opposition has been rallying against Modi for not speaking inside the Parliament during the ongoing Winter session. The logjam over the demonetisation had continued in both the houses of the parliament since the session commenced on November 16. Now, as a week if left for the session to get over, no business is likely to transacted --particularly the passing of GST Bills, as the opposition parties seem to be in no mood to relent.

Even though reports are pouring in from different parts of the country about distress being felt in the economy, PM said, “The Government's decision has several gains for farmers, traders, labourers, who are the economic backbone of our nation.”

“I always said that the Government's measure will bring a degree of inconvenience but this short term pain will pave way for long term gains…No longer will the progress and prosperity of rural India be curtailed by corruption and black money. Our villages must get their due,” Modi tweeted.

Modi in particular appealed to the youngsters to embrace his move with enthusiasm: “My young friends, you are agents of change who will make India corruption free and ensure more cashless transactions.”

“Together, we must ensure #IndiaDefeatsBlackMoney. This will empower the poor, neo-middle class, middle class & benefit future generations”, the Prime Minister added.

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