No ‘postmortem’ of businesses going digital in wake of demonetisation, says PM Narendra Modi

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There will be no “postmortem” of businesses that go digital in the wake of the November 8 demonetisation decision+ as the government would like to encourage people to “join the mainstream”, PM Modi said on Friday .

Addressing the BJP parliamentary party+ , Modi said he had instructed officials not to question a jump in turnover or an increase in the number of employees when a firm makes all its accounts transparent on a digital system.

“There will be no comparison with the past. Officials will not say `take out the old (accounts)’. I have told them no old postmortem, otherwise no one will come into the mainstream… Yeh afsarshahi (bureaucratic way) nahin chalegi,” Modi said, referring to his instructions to the labour ministry . In a bid to showcase the benefits of demonetisation, the PM said he could envisage a time when a small trader with a digital record of income could access a loan in six minutes. “Now, no bank will give a loan to a dhobi as he has no record of income. If he does, he will get a loan quickly,” he said.

The PM sought to counter allegations that he had acted in a knee-jerk manner, saying his project was nothing less than changing a way of life and an economic system.”There is a full scale design but the cards will be revealed slowly. I want to remind you that between February and October, we took 23 important decisions,” he said.

In an unusual move, the speech was telecast on major networks after it was delivered by the PM on Friday morning. There were reports that the speech was to be broadcast live but a recording was shown later.

The PM also used his address to accuse Congress of avoiding demonetisation when in office, fearing an impact on its electoral fortunes.He quoted a book by former home secretary Madhav Godbole to say that Indira Gandhi shot down a proposal by Y B Chavan to demonetise currency with the remark, “Does not Congress have to contest elections in future?” Modi also responded to Manmohan Singh‘s criticism, saying the former PM advocated strong measures against corruption and black money but did “nothing” when he was in office for 10 years.

“For Congress, it was a case of putting the party before the country , this is not the case with us,” he said.
 
Modi also quoted communist veterans like Jyotirmoy Basu and Harkishen Singh Surjeet to argue that CPM had lost its ideological moorings. “Jyotirmoy Basu had said in Parliament that Indira Gandhi survives on black money , her politics survives on black money,” the PM said, adding that Left’s alliance with Congress went beyond any poll pact.

 

The PM said earlier, the opposition used to come together to protest against scams and corruption. He said this was the first time that the treasury bench took a step against corruption and black money and people in the opposition had come together to support the dishonest. ” Aaj udhar kyun aisa kar rahe hain is ke liye bahut jyada dimaag khapane ki zaroorat nahin hain. (There is no need to think too much on why it (Congress) is behaving the way it is),” Modi said.

 
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