Short-term pain will pave way for long-term gains: PM Modi on demonitisation

Mangalore Today News Network

New Delhi, Dec 08, 2016 : Prime Minister Narendra Modi took to twitter on Thursday to defend the decision to ban Rs 500 and Rs 1000 notes saying that this short-term pain will pave way for long-term gains.

 

In a series of tweets, Modi highlighted how demonetisation would help curb black money. He said the government’s decision has several gains for farmers, traders, labourers, who are the economic backbone of our nation.

"We also have a historic opportunity to embrace increased cashless payments and integrate latest technology in economic transactions." Modi tweeted.

"I always said that the Government’s measure will bring a degree of inconvenience but this short term pain will pave way for long term gains," he added.

He concluded the series of tweets by saluting the people of India for wholeheartedly participating in this ongoing Yagna against corruption, terrorism and black money.