Prime Minister Narendra Modi on Wednesday during the Golden Jubilee Year of Institute of Company Secretaries of India at Vigyan Bhavan in New Delhi talked about GST and the trending topic of demonetisation. The Prime Minister congratulated the members, who are linked to the institution and said that it’s the Company Secretaries who guide India’s corporate culture as their advice, whether it is right or wrong, affects the corporate governance of the country.

Speaking in the aftermath of demonetisation, the Prime Minister said that the cash to GDP ratio has significantly been brought down from 12% to 9%. “After demonetisation the cash to GDP ratio has come down to 9%, before November 8, 2016 it was 12%,” the Prime Minister was quoted as saying.

While taking a dig at the Opposition, PM Modi slammed his critics who were mocking the ruling party and said that some people have the tendency to always expect something worst from the Centre. “There are some people, who sleep well only after they spread a feeling of pessimism all around. We need to recognise such people,” the Prime Minister said. The Prime Minister made these statements after opposition parties especially Congress criticized the government policies over the Doklam standoff and particularly the fashion in which it was withdrawn.

Always pouring his full praise when it comes to demonetisation, the Prime Minister said that RBI has predicted 7.7% growth in the coming quarters and after achieving the average growth of 7.5% over 3 years, the Centre has accepted the fact that growth rates have come down but government is committed to reverse it.

While speaking about the government policies along with the schemes that are focused at excelling the life of poor and middle class, PM Modi said that government understands the value of citizen’s hard-earned money.” Government very well understands the value of your hard-earned money; our policies and schemes are focused at bettering life of poor & middle class,” the Prime Minister said.

PM Modi also gave his assurance that the steps taken by the government will put the country in a new league of development and he will not let the present problems jeopardize the future of this country. Taking cognizance of the consistent criticism from the opposition, PM Modi accepted the fact that it’s their job to do so but one should also understand that there is no point creating a negative environment in the country.


(With inputs from news agencies…)