Ajay Piramal 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 has boosted our efforts to build an honest society.

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.

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

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.

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

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.

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.

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.

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

Demonetisation was not a decision of UP government. It is the central government's decision.

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.

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

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.

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

Every dollar that is printed should not represent a debt to private bankers. It should represent an investment potential in the common good, in the common needs of our country.

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

Follow the Money

We know India is very focussed on black money; it is a very high-focus subject and we have been very careful to make sure the investments into India are legitimate. There is no 'round-tripping' or hot money or bad money being funnelled through Singapore.