While people across the globe are preparing to ring in the New Year with elaborate celebrations, Prime Minister Narendra Modi is set to address the nation on New Year’s eve.
According to India Today report, PM Modi would address the nation on the 31st of December at 7.30 pm. Yes, it is expected that he will be speaking about how successful the government is in curbing corruption and black money due to the demonetization drive.
There are already some indications by PM Modi that he is having some more plans for bringing in reforms after note ban. Everyone is eagerly waiting for Narendra Modi’s speech as it will have some important things after this 50-day window.
The government has already increased the ATM withdrawal limit from Rs 2,500 to Rs 4000. However, there are still several things that people expect from him this evening.
Here are some possible announcements PM Modi may make:
1. He may explain gains from demonetisation
In order to contain the growing voice of opposition and his critics over the flawed implementation of demonetisation, PM Modi might come up with an explanation before the nation that how success the demonetisation has been for India and what benefits, Indian economy is going to get in years to come. If PM Modi is able to comprehensively sum up what the entire demonetisation drive has achieved, he may reduce the anguish of people for sure.
According to sources, all ministers have been apparently asked to visit at least 10 places and hold rallies and mass contact events. Sixty-page documents have been distributed to all ministers by the Finance Ministry, describing each aspect of demonetisation point by point.
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2. Sops for cashless transactions
Since the goalposts regarding the demonetization has been shifted vigorously by government and RBI, and a drive which started as a crusade against black money soon garbed itself into the campaign for the cashless economy, PM Modi might announce more rewards on cashless transactions.
Through Digi Dhan Melas and contests, the Modi government is already promoting and pushing people to adopt digital means of financial transactions. The Prime Minister may announce yet another set of tax sops.
3. Further crackdown on black money hidden as Benami Property
PM Modi might announce heavy crackdown on Benami property as second front of the battle against black money. Modi has been talking it for quite a while now and in his recent ‘Mann Ki Baat’, the radio address he does, he said that the law against ‘Benami Property’ would soon become operational.
“You are possibly aware of a Law about Benami Property in our country which came into being in 1988, but neither were its rules ever framed nor was it notified. It just lay dormant gathering dust. We have retrieved it and turned it into an incisive law against ‘Benami Property’. In the coming days, this law will also become operational. For the benefit of the Nation, for the benefit of the people, whatever needs to be done will be accorded our top priority,” he had said.
4. He may wish Happy New Year by giving relief in tax
Post demonetisation, a rumor has been doing rounds that from the next financial year, the government might give some relief to people in taxes. Tax slabs may get decreased with income up to Rs 4 lakh per annum might go without being taxed. Finance minister, Arun Jaitely has been asked about this and till now, he hasn’t denied the rumours.
Oh yes, even as all of us wait with baited breath on the next announcement from the Prime Minister, he may have a good laugh by simply wishing everyone a Happy New Year!
Let’s just hope that whatever he announces or says brings good for India in the years to come.
Also Read: PM Narendra Modi Gives Perfect New Year Gift! ATM Withdrawal Limit Increased From Rs 2,500 To ..