LIVE: Government will not spare the dishonest, says PM Modi in Mumbai

Mumbai: Prime Minister Narendra Modi on Saturday warned of ruin for the dishonest after the expiry of December 30 deadline for depositing scrapped currency and said they should not underestimate the mood of the country against corruption. "Dishonest people, you should not underestimate the mood of 125 crore people. You will have to be afraid of it... Time has come for ruin of dishonest people. This is a cleanliness campaign," Modi said. "After 50 days (from November 8), the troubles of honest people will start to reduce and the problems of dishonest people will begin to increase," Modi said. The Prime Minister was addressing a gathering at MMRDA ground in the Bandra Kurla Complex (BKC) here after laying foundation of various big ticket infrastructure projects. "We took a big decision against black money and corruption on November 8 and 125 crore Indians endured pain but did not stop supporting me. I want to assure people of the country that this battle won't end till we win it," he said. Hitting out at parties opposing demonetisation, he said, "this is not a simple battle. Those who have consumed malai (cream) did not leave any stone unturned to foil this (demonetisation)." "The corrupt have made all efforts to defeat the decision (demonetisation). They even thought of managing bank officials to get their black money converted into white. And that's how many of them got caught," he said. "I said there will be pain for 50 days (after demonetisation announcement)," he said, adding people are ready to bear the pain in the country's interest. LIVE UPDATES:

• Beimaan logon, 125 crore deshwaasiyon ke mijaaz ko kam mat aankiye, usse aapko darna padega: PM
• Beimaanon ki barbaadi ka waqt prarambh ho raha hai, ye swachhta abhiyan hai: PM
• Government will not spare the dishonest: PM
• There were efforts to mislead and even intimidate people but they supported us in the battle against corruption & black money: PM
• Our battle to fight corruption has been going on since the day we assumed office. A historic decision was taken on 8th November: PM
• The strength of 125 crore Indians will bring about change in this nation: PM
• Development is the solution to all problems, it is the way ahead: PM
• Performing the Jan Pujan of #ShivSmarak was very special. Glad I got the opportunity: PM
• Every part of India has so much to offer. There are so many possibilities for tourism: PM
• His courage was known but there are so many more aspects of Shivaji Maharaj we must know about. Look at his policies on water, finance: PM
• Yes, Mahatma Gandhi fought the British but at the same time he fought for equality in our society: PM
• Shivaji Maharaj was a multifaceted personality. So many aspects of his personality inspire us: PM
• Even in the midst of struggle, Shivaji Maharaj remained a torchbearer of good governance: PM
• I still recall my visit to Raigad,after I was declared the Prime Ministerial candidate by my party: PM
• I am extremely delighted to be here, in this programme, with you all: PM Modi speaks at a public meeting in BKC, Mumbai

 

PM @narendramodi performs Jal Pujan for the Chhatrapati Shivaji Maharaj Memorial in the Arabian Sea, 4 kms off Mumbai's Marine Drive pic.twitter.com/QD8WqpQH1a

— PIB India (@PIB_India) December 24, 2016

PM @narendramodi performs Jal Pujan for the Chhatrapati Shivaji Maharaj Memorial in the Arabian Sea, 4 kms off Mumbai's Marine Drive pic.twitter.com/R7ZzEfqrjO — PIB India (@PIB_India) December 24, 2016

• PM Narendra Modi performs Jal Pujan for Chhatrapati Shivaji memorial in Mumbai.

 

#WATCH PM Narendra Modi onboard a hovercraft performs Jal Pujan for Chhatrapati Shivaji memorial in Mumbai pic.twitter.com/debHkcLRgE — ANI (@ANI_news) December 24, 2016

 

• PM Narendra Modi reaches Girgaum Chowpatty where Shiv Sena Chief Uddhav Thackeray and Maharashtra Chief Minister are also present.

• PM Modi speaks at the inauguration of new campus of National Institute of Securities Markets in Raigad.

PIB Photo Prime Minister says:

1. India is being seen as a bright spot. Growth is projected to remain among the highest in the world.
2. India’s place as the fastest growing large economy has not come about by accident.
3. In 2012-13 fiscal deficit had reached alarming levels. Currency was falling sharply. Inflation was high. Current account deficit was rising.
4. In less than 3 years, this government has transformed the economy.
5. Financial markets can play an important role in the modern economy.
6. However history has shown that financial markets can also do damage if not properly regulated.
7. Demonetisation is only short term pain for a long term gain.
8. Government will continue with sound economic policies to ensure India's bright future in long run;no decisions for short term political gains.
9. For financial markets to function successfully, participants need to be well informed.
10. We have made progress and improved ease of doing business. FDI has now reached record levels.
11. India has earned a good name for its well regulated securities markets.
12. My government is very keen to encourage start-ups. Stock markets are essential for the start-up ecosystem.
13. Our markets should show that they are able to successfully raise capital for projects benefiting the vast majority of our population.
14. We have a long way to go, our stock markets needs to raise capital in innovative ways for agricultural sector.
15. Stock markets need to raise capital in innovative ways for projects in agriculture.
16. The true measure of success is the impact in villages, not the impact in Dalal Street or Lutyens’ Delhi.
17. SEBI should work for closer linkage between spot markets like e-NAM and derivatives markets to benefit farmers.
18. Those who profit from financial markets must make a fair contribution to nation-building through taxes.
19. My aim is to make India a developed country in one generation.
20. I wish everybody a Merry Christmas and a very Happy New Year.

• Finance Minister Arun Jailey and MoS Finance Arjun Ram Meghwal also join PM Modi at the inauguration of the NISM campus in Patalganga.

• PM Modi inaugurates the new campus of National Institute of Securities Markets (NISM) in Raigad.

PIB Photo

• PM Modi arrives in Raigad to inaugurate new campus of National Institute of Securities Markets in Panvel, shortly.

ANI Photo

• Prime Minister Modi arrived in Mumbai at 12.30 p.m. and was received by Governor C Vidyasagar Rao and Chief Minister Devendra Fadnavais on his arrival at Mumbai Airport.

ANI Photo

Details: The main feature of the Shivaji memorial, slated to cost Rs 3,600 crore, will be a 192-metre-tall statue of the iconic Maratha king. The site is a rocky outcrop, roughly 1.5 km from the Raj Bhavan shore. The memorial and statue were expected to come up on a rocky islet one km off the shores of South Mumbai on the Arabian Sea overlooking Marine Drive, with the Malabar Hill on one end and Nariman Point at the other. The statue along with a pedestal and foundation would be taller than New York's Statue of Liberty and was expected to be a major tourist attraction.

Picture: ABP News

Chief Minister Devendra Fadnavis recently said the 'Shiv Smarak' will not only be the tallest memorial in the country, but in the entire world. He had thanked Modi for "making it possible."

Picture: ABP News

  At the designated spot in the Arabian Sea finalised for the project, where a makeshift floating mini-replica of the proposed memorial was created for Saturday's event, Modi poured water from a bronze vessel and threw some earth at the site to perform the 'jal-pujan'. Later, on return to Girgaum Chowpatty, he was welcomed by a traditional Maharashtrian band as he performed another brief 'bhoomi pooja' for the memorial amidst sounding of bugles and 'tutaris'. The Maharashtra Congress, meanwhile, strongly criticised the ruling Bharatiya Janata Party-Shiv Sena for preventing their silent, peaceful rally to protest against demonetisation here this afternoon during Modi's visit. Mumbai Congress President Sanjay Nirupam said in a statement that he "has been placed under house arrest by the police since Friday night" and not permitted to leave his home in Andheri. "What is this, Prime Minister Modi? We are a democracy, this is like a Hitler-Raj... We are not allowed to even raise our grievances in a peaceful manner. "The media is barred from meeting me and I am placed under house arrest," Nirupam said. In another stinging attack, Maharashtra Congress spokesperson Sachin Sawant said "it is clear the BJP government appears to be extremely scared and perturbed and is unable to accept even a silent protest." "We condemn the step of Maharashtra government to put Nirupam under house arrest. It is a Black Day for Indian democracy... this act confirms the fact that the BJP government has a sadist and fascist mindset, which deny the citizens' basic fundamental and constitutional right to protest peacefully," Sawant added. Following the 'jal-pujan' and 'bhoomi-puja' for the memorial, Modi left for Bandra Kurla Complex in central Mumbai for several other engagements and a public rally. (With additional information from IANS)