Modi will address the nation, in which he is expected to spell out the roadmap ahead after the expiry of the period for depositing of demonetised notes.

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Congress spokesperson Sanjay Jha says Prime Minister Narendra Modi's speech was a 'monumental disaster', and his speech on Saturday gave 'irrefutable evidence' of this. Jha called the exercise a "total waste of nation's time and resources".

Modi is a monumental disaster. Today is irrefutable evidence of that. #Jumla_e_Modi . Total waste of national time and resources.

Prime Minister Narendra Modi will address the nation on Saturday, in which he is expected to spell out the roadmap ahead after the expiry of the 50-day period for depositing of demonetised notes. "Prime Minister Narendra Modi is likely to address the nation before dawn of the New Year," sources told PTI.

This will be his second address to the nation since his announcement in a similar address on 8 November to scrap Rs 1,000 and Rs 500 notes.

While announcing the landmark decision, he had asked the people to give 50 days for rolling it out.

Against this backdrop, the Prime Minister may speak about the roadmap ahead, especially on the steps to ease the cash flow that has been a major problem ever since demonetisation took place.

He may also speak on the steps to deal with the problems the economy faces after the demonetisation.

The prime minister in his public meetings in the last few weeks has been urging the people to bear with the pain following the government's decision and that it would start easing gradually once the 50-day period is over.

Modi also accused the Congress leadership of "desperation" in the face of his "tough" demonetisation decision and said it was the first time that a concerted effort was made by the Opposition to "openly" protect the dishonest through disruptions in Parliament.

He also slammed Manmohan Singh, who had described demonetisation as a "monumental mismanagement" and an "organised loot", and sarcastically said that his predecessor might have been referring to the "unending string of scams" like 2G, CWG and coal block allocation "under his leadership".

Modi said while the honest will not be harassed, those with black wealth have "only a few days to hide" and will not be spared.

"I pity a few of our opponenets, especially the Congress leadeship, for the desperation they have been exhibiting...Congress leaders are entirely pre-occupied with only one thing - elections."

"There is nothing political in the demonetisation decision...It was a tough decision taken to clean up our economy and our society. If I were guided by short term electoral politics, I would have never done so," he told India Today in an interview.

With regard to the washout of the recent Winter session due to disruptions over demonetisation, the Prime Minister said the government tried its best to keep Parliament functioning.

"I was keen to speak in both Houses. Yet, there was a concerted attempt by the Congress to derail the functioning of the Houses rather than have a proper debate. While opposition in Parliament is understandable, this is the first time it is being used to protect the dishonest and that too so openly," he said.

With inputs from agencies