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Home / News / India News / PM Modi's New Year's Eve address evokes mixed reactions
  • India

    PM Modi's New Year's Eve address evokes mixed reactions

    Ramya Patelkhana
    Written by
    Ramya Patelkhana
    Mail
    Last updated on Jan 01, 2017, 11:56 pm
    PM Modi's New Year's Eve address evokes mixed reactions
    Credits:
  • Prime Minister Narendra Modi's much-awaited New Year's Eve address to the nation evoked mixed reactions.

    While BJP complimented Modi, Congress expressed disappointment and AAP Chief Arvind Kejriwal felt the speech was "boring".

    West Bengal Chief Minister Mamata Banerjee sharply criticized Modi for "deviating" from the agenda of black money.

    She also asserted, after watching his speech, Indians would resolve to "deModitize" the country.

  • In this article
    PM Narendra Modi addresses the nation Demonetization - a historic rite of purification Evils have become a festering sore on society: PM Modi The escape routes for the dishonest have been sealed Houses built under PMAY increased by 33% Rabi sowing up by 6%, compared to 2015 Government's plans to aid the MSME sector Modi urges people to help him curb corruption Schemes for pregnant women and senior citizens Modi's message to political parties PM Modi's New Year's Eve address evokes mixed reactions
  • 31 Dec 2016

    PM Narendra Modi addresses the nation

    PM Narendra Modi addresses the nation
  • After much anticipation, Prime Minister Narendra Modi addressed the nation on New Year's Eve, a day after his 50-day post-demonetization deadline of bringing back stability to India.

    People wondered what Modi was going to talk about; while media reports suggested he would show a roadmap or figures on recovery of black money.

    Instead, he rolled out several schemes to benefit India's economically backward sections.

  • Demonetization

    Demonetization - a historic rite of purification

    Demonetization - a historic rite of purification
    Credits:
  • PM Modi began his speech by saying that since 8 Nov'16, India witnessed a "historic rite of purification."

    The patience and discipline displayed by 125 crore Indians would help shape the country's future.

    He said corruption and black money became rampant bringing honest people to their knees.

    He added the government and people are on the same side in this historic battle against evil.

  • Quote

    Evils have become a festering sore on society: PM Modi

  • "It is accepted the world over, that terrorism, Naxalism, Maoism, counterfeit currency trade, drug trade, human trafficking - all of these depend on black money. These evils have become a festering sore on society and Governments. Demonetization has dealt a severe blow to these trades."

  • Anti-corruption mission

    The escape routes for the dishonest have been sealed

    The escape routes for the dishonest have been sealed
  • Modi appreciated bank employees and post-office staff for working hard as a part of the anti-corruption mission.

    He said over the past few weeks, the escape routes for the dishonest have been closed; technology played a major role in forcing them to join the mainstream.

    He added grave crimes committed by some bankers have come to light and such people wouldn't be spared.

  • Housing Scheme

    Houses built under PMAY increased by 33%

    Houses built under PMAY increased by 33%
  • The government would launch a housing scheme for the poor, neo-middle, and middle classes.

    Two new middle-income categories (urban areas) were created under Pradhan Mantri Awas Yojana (PMAY).

    Loans of up to Rs.2L taken in 2017 would receive 3% interest subvention, up to Rs.9L would receive 4%, and up to Rs.12L would receive 3%.

    Houses built in rural areas under PMAY increased by 33%.

  • Farmers

    Rabi sowing up by 6%, compared to 2015

    Rabi sowing up by 6%, compared to 2015
  • Modi said demonetization didn't affect agriculture as Rabi sowing is 6% more than 2015.

    Farmers who took loans for Rabi crops from District Cooperative Central Banks and Primary Societies need not pay interest for 60 days.

    NABARD created a Rs.21,000cr fund and government would add Rs.20,000cr to this.

    Farmers having Kisan Credit Card would receive RuPay debit cards in three months for easy usage.

  • MSME Sector

    Government's plans to aid the MSME sector

    Government's plans to aid the MSME sector
    Credits:
  • PM Modi said government would aid the MSME (medium and small scale enterprises) sector, boosting employment.

    The government has underwritten loans worth Rs.1cr loans given by banks to small businesses and the limit would be enhanced to Rs.2cr covering loans given by NBFCs also.

    Income from digital transactions of small businesses with a turnover of up to Rs.2cr would be calculated at 6%.

  • Quote

    Modi urges people to help him curb corruption

  • PM Modi said: "According to information with the Government, there are only 24 lakh people in India who accept that their annual income is more than Rs.10 lakh. Can we digest this? Look at the big bungalows and big cars around you."

  • New Schemes

    Schemes for pregnant women and senior citizens

    Schemes for pregnant women and senior citizens
  • PM Modi said a scheme for pregnant women is being launched under which financial assistance of Rs.6000 would be provided.

    The money would be transferred to their bank accounts for institutional delivery and vaccinations to effectively reduce maternal mortality rate.

    Under the senior citizens' scheme, banks would monthly pay a fixed interest rate of 8% for 10 years, on deposits up to Rs.7.5 lakh.

  • Quote

    Modi's message to political parties

  • PM Modi said: "The time has now come that all political leaders and parties respect the feelings of the nation's honest citizens, and understand the anger of the people. I urge all parties to take firm steps to free politics of black money and corruption."

  • 01 Jan 2017

    PM Modi's New Year's Eve address evokes mixed reactions

    PM Modi's New Year's Eve address evokes mixed reactions
    Credits:
  • Prime Minister Narendra Modi's much-awaited New Year's Eve address to the nation evoked mixed reactions.

    While BJP complimented Modi, Congress expressed disappointment and AAP Chief Arvind Kejriwal felt the speech was "boring".

    West Bengal Chief Minister Mamata Banerjee sharply criticized Modi for "deviating" from the agenda of black money.

    She also asserted, after watching his speech, Indians would resolve to "deModitize" the country.

  • India
  • Narendra Modi
  • Arvind Kejriwal
  • Mamata Banerjee
  • BJP
  •  
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