Ram Nath Kovind Quotes

Indian Prime Minister Narendra Modi turned the narrative around on demonetisation very quickly by promoting the move as one way of ending systemic corruption in the country.

Demonetisation was a defining moment in the government's war on corruption and black money.

Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.

Demonetisation is going to result in long-term gains for the country.

People are with our Prime Minister, Mr. Narendra Modi, with regard to the surgical strike on black money. They are not with the opposition parties.

If I were to put labels on demonetization, it would be transparency and traceability.

One of the demonetization benefits, in some markets like used cars, is that organized, transparent businesses are gaining at the cost of unorganized players.

While giving a clear majority to my government in 2014, the people of the country had also given a clear mandate to take strict action against corruption and black money.

Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

Digital is the only way to get rid of corruption and unaccounted cash.

The capping of cash transactions will help the banks reduce cash intensity.

Demonetisation was a big flop, and its outcome was negative. The government has done nothing to get back black money.

The two greatest priorities for my government are tackling tax evasion and corruption.

Changing much-cherished bank secrecy laws is worth the effort. Corruption, tax evasion, and the capture of natural resource revenues undermine the rule of law, weaken the social fabric, erode citizens' trust in institutions, fuel conflict and insecurity, and hamper job creation.

Many use Rs 500 and Rs 1,000 notes for daily transactions like going to theatres, malls, and trading purpose. People like these are unnecessarily put to inconvenience.

Banning cash transactions over R3 lakh will allow banks to diversify their banking activities into new areas and not mundane ones.

As a result of the policies of my government, black money in real estate sector has declined substantially, the prices of houses have come down and the dream of a normal middle class family for possessing their own house is being realised.

I promise to deliver a corruption-free India... people have chosen our government to get rid of black money.

I want to rid the country of corruption and return our economic environment.

The best defence against mafia business is full declaration of assets and incomes.

There's so much corruption in America; there's so much corruption around the world. It's all coming to the surface thanks to the Internet, and thanks to the younger people who are saying, 'We don't like corrupt people.'

Corruption, money laundering, and tax evasion are global problems, not just challenges for developing countries.

At the World Bank, we are already working with our clients in developing countries to improve their governance systems, collect taxes, fight corruption, and recover stolen assets.

Follow the Money