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Law will deal strictly with the corrupt, honesty will be awarded, says PM Modi

Prime Minister Narendra Modi Warned Officials And Bankers On Saturday That Indulging In Corruption Will Invite Strict Action From The Government. In A Televised Address On The New Year Eve, PM Also Announced A Slew Of Schemes For Traders, Women, Senior Citizens And Farmers.

News Nation Bureau | Edited By : Kanishk Sharma | Updated on: 31 Dec 2016, 10:02:07 PM

New Delhi:

Prime Minister Narendra Modi warned officials and bankers on Saturday that indulging in corruption will invite strict action from the government. In a televised address on the New Year Eve, PM also announced a slew of schemes for traders, women, senior citizens and farmers.

This was Modi's second address to the nation since his announcement to scrap 1,000 and 500 rupees notes on November 8.

Here are the updates:

# Their should be a national debate on holding simultaneous Parliament and state polls: PM Modi

# 8% interest on all fixed deposits annually into bank accounts of senior citizens for 10 years. Interest can be awail on monthly basis: PM Modi

# Government will transfer Rs 6,000 into the bank accounts of pregnant women for hospital registration, delivery and vaccination: Modi

# Government will bear interest worth 60 days on farmers' loans drawn from district cooperative central banks and primary societies: PM Modi

# Kisan credit cards will be converted into RUPAY cards in the coming three months: PM Modi

# Banks have been asked to raise cash credit limit to small business to 25% from 20%: PM Modi

# Government will increase the crash credit limit for small industries: PM Modi

# Home loans for poor and middle class people upto Rs 9 lakh will get 4% exemption on interest and upto Rs 12 lakh will get 3% exemption: PM

Government has taken some decisions to enable poor and middle class people to purchase houses: PM Modi

# It is known world wide that Maoism, terrorism and the business of counterfeit currency flourish from black money: PM Narendra Modi

# Indian economy had cash circulation disproportionately higher than similar sized economies which had led to price rise: PM Modi

# Govt is for strict punishment for black money, awards for honesty: PM Modi

# Serious offences by bank and government officials post-demonetisation have come to light, no one will be spared: PM Modi

# A balance has to be brought between cash in the system and being cashless: PM Modi

# Government has information that only 24 lakh people in the country admit that their annual income is more than Rs 10 lakh: PM Modi

# Corruption, black money and counterfeit currency had crippled common man: PM Modi

# Problems which the people have faced for the betterment of the country is an example in itself: PM Modi

# Government's focus is on normalisation of banking services: PM Modi

# The countrymen have suffered in long queues outside banks and ATMs due to the demonetisation drive: PM Modi

# After Diwali, our country took an important decision to curb black money which will have long term benefits: PM Modi

# After Diwali, the country has witnessed a historic 'shuddhi yagna': PM Modi

# PM Narendra Modi's televised address to the nation today at 7.30pm: BJP

Read the full coverage on the demonetisation move and government's crackdown on black money

(With inputs from agencies)

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First Published : 31 Dec 2016, 07:05:00 PM