Prime Minister Narendra Modi. (file photo) Prime Minister Narendra Modi. (file photo)

In his second LinkedIn post on Demonetisation, Prime Minister Narendra Modi reiterated his appeal to the public to embrace cashless transactions. He said that the scrapping of old high currency notes presented an “unique opportunity” for small traders , “who have a central role in the economic transformation of India”. Saying that liquid cash is a “big source” of corruption and black money, he said the Centre’s “historic decision” to recall old Rs 500 and Rs 1000 notes was aimed at uprooting these twin evils. He went to add that during his state visits, people in Uttar Pradesh, Karnataka, Goa and Punjab, gave him a resounding yes when asked whether corruption and black money should be eliminated.

On Corruption:

“In 21st century India, there is no place for corruption. Corruption slows down growth and takes a toll on the dreams of the poor, neo-middle class and middle class.”

On public support:

“Over the last few days, I have had opportunities to travel to rural as well as urban Uttar Pradesh, Karnataka, Goa and Punjab. Wherever I went, I asked the people- should corruption and black money be eliminated? Should the poor, neo-middle and middle class get their due? The answer I got everywhere was a resounding yes!”

On cashless transactions:

“Today we live in an era of mobile banking and mobile wallets. Ordering food, buying and selling furniture, ordering a taxi…all of this and lot more is possible through your mobiles. Technology has brought speed and convenience in our lives.”

On long term gains of demonetisation:

“When I had made the announcement on 8th November, I was aware that the people of India will face inconvenience but I had requested the people of India to bear this short term pain for long term gain. I am happy to see that the people of India are bearing temporary difficulties for the long term gain of the nation.”

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