New Delhi: Prime Minister Narendra Modi on Saturday said it was unacceptable that only 24 lakh people in the country have declared that they earn over Rs 10 lakh a year.
"In the country only 24 lakh people accept that their income is more than Rs 10 lakh. Can any one accept it," Modi said in his address to the nation on New Year's eve.
"We all see big buildings and cars around us. In the big cities, one can find many people with more than Rs 10 Lakh income," he said.
The Prime Minister said this fight for honesty needed to be strengthened: "It is natural to discuss what will happen with the corrupt. Law will take its own course."
Here are the highlights:
Indians have shown patience, sacrifice to fight black money
Government focusing on normalising banking operations, especially in rural areas
Only 24 lakh people in India accept that they earn more than Rs 10 lakh per year
In next three months, 3 crore Kisan credit cards will be made Rupay cards
Small traders to get loans up to Rs 2 crore under credit guarantee from central government
Banks have been asked to raise cash credit limit to 25 per cent from 20 per cent for small traders
People living in rural areas will get 3 per cent rebate on interest rate on loans up to Rs 2 lakh for building or renovating home
Small traders to get loans up to Rs 2 crore under credit guarantee from central government
