The Indian Prime Minister Narendra Modi will be addressing the nation at 7:30 p.m. on Saturday, December 31, 2016. The citizens of India and Indians living abroad are keenly awaiting the speech as the 40 day period post demonetization ends today. Experts predict that Modi will have some important announcements to make.
Live TV telecast and streaming information
National broadcaster Doordarshan and many other channels like NDTV, AAJ-Tak, CNN-IBN will telecast the speech live from 7:30 IST onwards. Internet users can watch the live streaming of the Narendra Modi's speech online on the PM's Youtube channel.
This will be Modi's 2nd address to the country since he banned the Rs 500 and Rs 1000 denomination currency on November 8th. The deadline to deposit the old notes in banks ended on Dec. 30th. 85 percent of the countries old notes worth Rs 15 lakh crores were said to be deposited in Indian banks during this period.
Rs 4,500 can be drawn from ATM's from January 1, 2017
A number of stringent rules were applied for people who had stocked the old notes. Only Rs. 2.5 lakhs was allowed to be deposited per account while the daily withdrawal limit was restricted to just Rs 2000 a day and Rs 24,000 per week.
Got confirmation.There is something VERY BIG announcement in Narendra Modi speech,likely to happen at 8 PM today
— Narendra nath mishra (@iamnarendranath) December 31, 2016
The Reserve Bank of India yesterday issued a statement saying fro January 1, 2016, a maximum of Rs 4,500 per day per account can be withdrawn from ATM's.
AAJ-TAK live news
Like other developed countries, the Indian PM pitched for cashless transactions and use of debit cards to make payments to avoid hoarding of black money and curb corruption. The Indian PM also launched an e-wallet App BHIM for the citizens to help them make cashless transactions and payments.
After the notes ban, a number of news reports appeared on TV channels about the stone pelting and terrorism that was reduced in the Northern Indian state of Jammu and Kashmir.
Doordarshan News:
The BJP Govt led by Modi has also come under criticism for the lack of preparation in executing the mammoth task of the currency swap as banks had long ques and ATM's empty within minutes.
