Technology being used to track black money hoarders: PM Narendra Modi

The Prime Minister also welcomed the Election Commissions' efforts to bring transparency to poll spending.

Kanpur: Prime Minister Narendra Modi, Monday, assured the nation that the hardships faced by the country due to demonetisation will bear fruits in the future.

Addressing a mega Parivartan rally here, PM Modi said, “My countrymen are going through some hardships due to demonetisation. This sacrifice will bear fruits in the future.”

Lauding the citizens of the country for assisting the government in its mission against corruption and black money, he said, ”History will not record who was the Prime Minister who brought about this revolutionary change in eradicating corruption, but will praise people.”

“Demonetisation is the fight for honesty and the country wants to win it,” he said.

Reiterating his government's commitment to go after black money, the Prime Minister said, “Now we are using technology to track those who have stashed black money, we are vigilant and raids are being conducted country wide.”

On the issue of demonetisation, Modi said, “When there was Rs 1000 note nobody cared for Rs 100 note. Now that Rs 1000 and Rs 500 have gone, the power of people with Rs 100 note has increased.”

“Before demonetisation decision, there was no value for Rs 100 notes but after this decision people are valuing it and poor people,” he said.

“One decision (demonetisation) has ended the game of many big people. Some feel that by putting money in the banks will turn it into white; that's where they have erred,” he said.

Welcoming the Election Commissions' efforts to bring transparency to poll spending, Modi said, “It is the responsibility of political parties to set an example on non-corrupt practices. Especially about donations to political parties.”

The Prime Minister also stressed for the need to bring reforms in the electoral process and backed the suggestion that all elections in the country should be held simultaneously once in five years.

“Due to continues election mode, much time is wasted which can be used in development activities. I appeal to EC to start dialogue on this,” he said.

Modi also revealed that he had said in an all party meeting held before winter session that the Parliament must discuss donations given to political parties.