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Large volume of liquid cash a big source of corruption: PM Modi

Prime Minister Narendra Modi on Friday said large volumes of liquid cash are a big source of corruption and black money.

Published: 02nd December 2016 09:31 PM  |   Last Updated: 02nd December 2016 09:31 PM   |  A+A-

PM_Modi-Reuters

India's Prime Minister Narendra Modi | Reuters

By Express News Service

NEW DELHI: ADVOCATING cashless transactions, Prime Minister Narendra Modi on Friday said large volumes of liquid cash are a big source of corruption and black money. Pitching strongly for digital and card-based transactions, Modi even posted pictorial references to cashless options like credit cards.

Modi said that while making the announcement to ban Rs 500 and Rs 1,000 notes, he was aware that people "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".

"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," the PM wrote on a social media
platform, while appealing to the people to "lead the change" towards cashless transactions to lay a strong foundation of an India where there is no place for such malaise.

The Prime Minister said that over the last few days, he had opportunities to travel to rural as well as urban areas in 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!"

Pitching for cashless transactions, the PM wrote, "I urge all of you, particularly my young friends, to lead the change and inspire others to turn towards cashless transactions. This will set the
strong foundations of an India where there is no place for corruption and black money."

"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," he added.

"I am sure most of you are using cards and e-wallets regularly but I thought I must share with you ways through which increased cashless transactions are possible," he said.



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