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Modi's Timeline Dec 8- Now PM defends demonetisation, says it will help farmers, labourers

1. PM defends demonetisation, now says it will help farmers, labourers


Prime Minister Narendra Modi today likened demonetisation to a Hindu 'yagna' or sacrifice.In a series of tweets, the PM again defended his decision to scrap high value currency, but this time focussed on its benefit for rural India and wage labourers, the people who have been the most affected by the cash crunch.

The PM also made a mention of "a degree of inconvenience" due to the scrapping of Rs 500 and Rs 1,000 notes and said that it was something he had alerted the country to and that "this short term pain will pave way for long term gains."His focus though was on what he called "the backbone of the nation" that is farmers, traders and labourers.

"The Government's decision has several gains for farmers, traders, labourers, who are the economic backbone of our nation. No longer will the progress and prosperity of rural India be curtailed by corruption and black money. Our villages must get their due," Modi said.

The PM also called demonetisation "a historic opportunity" to move to a cashless, technologically-advanced India.



2. PM Narendra Modi congratulates ISRO for successful launch of PSLV-C36 rocket


Prime Minister Narendra Modi on Wednesday congratulated ISRO on the successful launch of PSLV-C36 / RESOURCESAT-2A. “Successful launch of PSLV-C36 / RESOURCESAT-2A is an accomplishment we all are very proud of. Congratulations ISRO on the remarkable feat”, the Prime Minister said.

The Indian Space Research Organisation (ISRO) earlier on Wednesday launched the rocket carrying remote sensing satellite RESOURCESAT-2A.

The Space agency launched the satellite from the First Launch Pad (FLP) at Satish Dhawan Space Centre SHAR, Sriharikota.

The PSLV-XL variant rocket standing 44.4 metre tall and weighing 321 ton tore into the morning skies at 10.25 a.m. with a reverberating sound breaking free of the earth’s gravitational pull.

The PSLV rocket is a four stage engine rocket powered by solid and liquid fuel alternatively.



3. MP CM supports demonetisation, Congress walks-out



Chief minister Shivraj Singh Chouhan firmly supported the demonetisation move by the Centre on the floor of the house. Addressing the Madhya Pradesh assembly at the end of the adjournment motion on effects of demonetisation on the agrarian economy.

In his reply to the house, Chouhan argued that contrary to Opposition's claim, sowing for Rabi crops has increased this season as compared to last year. "In 2015-16 there was a total 77 lakh hectare that was sown for Rabi crops which in 2016-17 has till date increased to 95 lakh hectare.

"There are 9700 ATMs in the state and 97% of them are working. There are 2.23 crore Jan Dhan accounts in the state which before November 8 announcement had deposits worth Rs 2000 crore. Only Rs 1000 cr has been added to the accounts after demonetisation, which works to about Rs 500 per account," he added.



4. TWEETS of the DAY




(READ ALL the latest updates, statements, and social media stir by Modi, only here on MODI'S 

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