Timing for demonetisation was perfect, claims PM Modi

February 7, 2017

New Delhi, Feb 7: Answering criticism over demonetisation, Prime Minister Narendra Modi today asserted in Lok Sabha that the timing for the decision was perfect as the economy was doing well and hit out at Congress whose record he questioned with regard to various issues.

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Replying to a debate on Motion of Thanks on the President's Address which was adopted by the House later amid walkout by Congress, he replied point-by-point to the issues raised by the Opposition, including surgical strikes and allocations for MNREGA, agriculture sector and for Scheduled Castes. Opposition had moved 190 amendments to the Motion which were negated.

In his 90-minute speech, which was punctuated by protests by some Opposition members at certain points, Modi also raised pitch for simultaneous elections to Lok Sabha and Assemblies, asking all parties to consider the proposal, rising above political considerations as "everybody will face some difficulty" if it is implemented.

On demonetisation over which he has been under sustained attack, the Prime Minister asserted that the timing of the decision announced on November 8 last year was perfect. "Some people have said why was this (demonetisation) decision taken when the economy was doing well...It was the best time for demonetisation as the economy was strong. Had the economy been weak, then we could not have done it successfully," he said.

In this regard, he gave the example of a patient who has to undergo a surgery. "Before subjecting a patient to surgery, a doctor checks all the parameters of the patient and only when those parameters are fine, is the operation done," he said. He also emphasised that the decision was not taken in a haste as contended by some sections. "Don't assume that Modi does anything in a haste. For that you will need to study Modi."

Comments

shaji
 - 
Thursday, 9 Feb 2017

Yeah, it was perfect time for industrialists to convert their black money into white.

Mohammed musthafa
 - 
Wednesday, 8 Feb 2017

Only public had to face difficulty, fake new currency are available.....Waste of time and money

Althaf
 - 
Tuesday, 7 Feb 2017

After hearing this Blind Bhakts will chant MODI. MODI .. MODI...

Rikaz
 - 
Tuesday, 7 Feb 2017

He said it is perfect time but more than 100 people got killed....people who took off and stood on line in front of bank...is it healthy....come on give us a break.....demonetization made everyone's life harder....

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News Network
December 16,2025

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Melkar (Bantwal): The 9th Annual Day celebration of SMR Public School, titled “EXCELLENTIA”, was held on December 15 with great enthusiasm and dignity, marking a significant milestone in the institution’s journey towards academic excellence and holistic development.

The programme was inaugurated by Dr. U. T. Iftikar Ali. The chief guests were Dr. Akhtar Hussain, Mr. P. Moosabba Beary, Mr. Zakaria Jokattre, and Dr. T. M. Abdul Rahuf—whose inspiring addresses motivated the students and appreciated the school’s contributions to education.

Mr. Abdul Nasir, Mr. Ibrahim Gadiyar, Mr. Razak Golthamajal, Mr. Sali Koya, Mr. Arshad Hussain, Mr. Ismail Balanoor, Mr. Feroz Bawa, Mr. Sahul Hameed, Mr. Abubakkar, Mr. Hameed K. Mani, Mr. Abdul Majeed (Principal, Melkar Women’s College), and Mr. Abdul Lathief (Former Principal, Melkar Women’s College) were the guests of honour.

The Annual Report was presented by the Headmistress, Ms. Fathimathul Zaheera, highlighting the school’s achievements and progress during the academic year. The Presidential Address was delivered by the Chairman of SMR Public School, Dr. Haji S. M. Rasheed, who emphasised the vital role of education in shaping students’ futures and stressed the importance of discipline, dedication, and consistent effort in achieving 100 per cent academic results.

Secretary of SMR Public School, Mr. Rifath Ahmed, and PTA President, Mr. Sandeep Kumar, were also present on the occasion.

The Annual Day celebration showcased the collective efforts of students and teachers and reaffirmed the school’s commitment to quality education and all-round development. The programme concluded with a vote of thanks, expressing gratitude to all dignitaries, parents, and well-wishers for their support. The 9th Annual Day—EXCELLENTIA—was a memorable and successful event, leaving a lasting impression on everyone present. 

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