• About us
  • Contact us
  • Our team
  • Terms of Service
Friday, August 8, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Modi says corrupt, black money hoarders will not be spared

Press Trust of india by Press Trust of india
August 16, 2018
in BUSINESS
A A
0
Modi says corrupt, black money hoarders will not be spared
FacebookTwitterWhatsapp

New Delhi, Aug 15: Prime Minister Narendra Modi today vowed not to spare corrupt and black money holders, saying efforts of his government have freed corridors of power from brokers, enhanced the number of taxpayers and saved Rs 90,000 crore by eliminating bogus beneficiaries.

In his nearly 90-minute address to the nation on the occasion of 72nd Independence Day from the ramparts of the Red Fort, Modi thanks honest taxpayers for their contribution in the development of the country, which is now the world’s sixth largest economy.

Related posts

PM Modi, senior ministers take oath as members of 18th Lok Sabha

India will never compromise on farmers’ interest, ready to pay heavy price: PM

August 8, 2025

No logic behind Trump’s 50 pc tariff; talks continue with US: MEA official

August 8, 2025

Also, nepotism and partisan politics have been eliminated and strict action is being taken against bribery.

“We will not spare the corrupt and those who have stashed black money. They have ruined the country,” he said. “Delhi’s streets are now free from power brokers. From (a time when) the voice of power brokers (was heard), the voice of the poor is (now) heard.”

Modi, in his fifth Independence Day speech, also mentioned the clamp down on three lakh shell companies that were used to launder ill-gotten money.

Listing measures that have brought the untaxed in the tax net, he said the number of income taxpayers has increased to 6.75 crore from 3.5-4 crore before 2014.

Also, the implementation of one-nation, one-tax scheme of Goods and Services Tax (GST) has led to a rise in the number of indirect taxpayers from 70 lakh to 1.16 crore.

The Prime Minister said the government has eliminated middlemen and bogus beneficiaries by transferring government benefits to those who actually deserve them.

This has led to the elimination of 6 crore bogus beneficiaries who previously cornered subsidised cooking gas LPG, pension, and scholarships, saving Rs 90,000 crore for the exchequer.

“There were 6 crore people who were not even born, and government benefits were being taken in their name,” Modi said.

Citing an example, he said the government procures wheat at Rs 25 per kg for supplying it to the poor at Rs 2 but this often gets diverted into the open market to the benefit of middlemen.

He said the country was now celebrating the “festival of honesty”.

Stressing that the honest taxpayer of India has a major role in the progress of the nation, Modi said: “It is due to them that so many people are fed, the lives of the poor are transformed.”

During his speech, Modi also listed out several welfare schemes being implemented by his government. Besides, he talked about distribution of 5 crore LPG connections among poor women that have helped replace polluting firewood in rural kitchens with cleaner cooking gas, and electrification of all the villages in the country in a record time.

Modi also said 13 crore Mudra loans have been provided so far, which is contributing towards job creation. Of these, four crore are the first-time borrowers.

Improvement in India’s ranking on ease of doing business, the country becoming the world’s sixth largest economy and praise from various international organisations too found a detailed mention in his speech.

Without referring to any political party, Modi also questioned the delay in implementation of the GST.

“Who did not want the passage of the GST, yet it was pending for years,” he wondered.

The long-awaited GST was rolled out on July 1, 2017.

Modi said despite initial difficulties in implementing the new indirect tax regime, traders have adopted it.

Previous Post

Refugees and resources

Next Post

Modi hails India’s rise under his govt

Press Trust of india

Press Trust of india

Next Post
Modi hails India’s rise under his govt

Modi hails India's rise under his govt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.