Mon, Feb 20, 2017 | updated 11:42 AM IST

Demonetisation may lead to temporary slowdown of economy: Prez Mukherjee

Updated: Jan 05, 2017 19:01 IST

New Delhi [India], Jan. 5 (ANI): President Pranab Mukherjee on Thursday said the demonetization move, while immobilizing black money and fighting corruption, may lead to temporary slowdown of the economy.

The President was delivering the New Year message to the Governors and Lt. Governors of states and Union Territories through video conferencing from the Rashtrapati Bhavan.

President Mukherjee said that the government has to be extra careful to alleviate the suffering of the poor which might become unavoidable for the expected progress in the long term.

"While I appreciate the thrust on transition from entitlement approach to an entrepreneurial one for poverty alleviation, I am not too sure that the poor can wait that long," he said.

President Mukherjee said the poor needs help, so that they can also participate actively in the national march towards a future devoid of hunger, unemployment and exploitation.

He added that the recent package announced by the Prime Minister will also provide some relief.

The president said the conduct of free and fair elections has made our democracy one of the most vibrant in the world.

He said that elections reflect the attitudes, values and beliefs of people towards their political environment and they symbolize people's sovereignty and provide legitimacy to government's authority.

The president told the Governors and Lt. Governors that they can play an important role in easing tensions in the society through their interaction and wise counsel.

Citing a Pt. Jawaharlal Nehru quote," It is a country held together by strong but invisible threads", President Mukherjee said that India's strength lies in her diversity and the multiplicities in culture, faith and language is what makes India special.

President Mukherjee told the Governors and Lt. Governors that they have a very important role to play in the improvement of higher education in their states.

He told them that being chancellors and visitors to various universities, they can work with the academic leaders to effect holistic changes for quality up-gradation in the institutions of higher learning.

"I express my deep appreciation to you all for coming together on this platform for our interaction," he said. (ANI)

New Delhi [India], Feb. 20 (ANI): Samajwadi Party spokesman Rajendra Chaudhary courted controversy by branding Prime Minister Narendra Modi and Bharatiya Janata Party (BJP) President Amit Shah as 'terrorists', adding that they are trying to mislead voters in Uttar Pradesh to gather support for the party.

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Kohima [India], Feb. 20 (ANI): The ruling Naga People's Front (NPF) Legislature Party will meet in Kohima today to elect a new leader following the resignation of Nagaland Chief Minister TR Zeliang.

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New Delhi [India], Feb. 20 (ANI): In the aftermath of noted gangster Lovely Lamba's arrest in Ludhiana, Punjab, his supporters resorted to vandalism across the city, expressing their resentment over the same.

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New Delhi [India], Feb. 20 (ANI): A post office in Delhi's Anand Vihar was looted by five to six unknown men and around 17 bags on money were stolen on Sunday night.

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New Delhi [India], Feb. 20 (ANI): Prime Minister Narendra Modi on Monday greeted the states of Arunachal Pradesh and Mizoram on their Statehood Day, expressing his desire to see development usher into the states.

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New Delhi [India], Feb. 20 (ANI): With Prime Minister Narendra Modi courting controversy over his 'Diwali electricity' remark, the Congress on Monday took a jibe at him asking if he wanted to become a municipal commissioner, since he was showing a keen interest on local issues as distribution of electricity.

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New Delhi [India], Feb. 20 (ANI): The Congress is set to file a complaint against Prime Minister Narendra Modi over his controversial remarks made during his rally in Fatehpur district in Uttar Pradesh yesterday.

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New Delhi [India], Feb. 20 (ANI): Today is last date for withdrawal of nominations for the seventh and last phase of Assembly elections in Uttar Pradesh.

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Tundla(Uttar Pradesh), Feb. 20(ANI): Delhi-bound Kalindi Express collided with a freight train at Tundla junction in Uttar Pradesh in the early hours of Monday.

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Mumbai (Maharashtra) [India], Feb. 20 (ANI): Condemning Prime Minister Narendra Modi for drawing a parallel between Hindu and Muslim festivals, the Samajwadi Party leader Abu Azmi on Monday said that the former is just trying to create 'polarisation' by making such remarks.

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New Delhi [India], Feb. 20 (ANI): The Congress Party on Monday tore into Prime Minister Narendra Modi in the wake of the Uttar Pradesh Assembly elections saying that the Bharatiya Janata Party (BJP) -led NDA Government is going to lose the polls and advised the latter to look into his 'Karam Kundali'.

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Delhi: 48-year old shot dead in Sonia Vihar

Updated: Feb 20, 2017 06:03 IST

New Delhi [India], Feb. 20 (ANI): In a shocking incident, a man was shot dead by an unidentified person in the Sonia Vihar area on Sunday night here.

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Kohima (Nagaland) [India], Feb. 19 (ANI): Governor of Nagaland P.B. Acharya on Monday accepted the resignation of Chief Minister T.R. Zeliang.

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New Delhi [India], Feb. 20 (ANI): The Supreme Court today will hear the State Bank of India (SBI)-led consortium's plea against defunct airline Kingfisher's owner Vijay Mallya.

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New Delhi [India], Feb. 20 (ANI): The Delhi High Court on Monday will hear a plea by controversial Islamic preacher Zakir Naik's NGO, the Islamic Research Foundation (IRF), challenging the ban by the Home Ministry on the organisation.

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New Delhi [India], Feb. 20 (ANI): The Delhi High Court on Monday will continue the hearing over the case of Najeeb Ahmed, the student from Jawaharlal Nehru University (JNU) who has been missing from October 15th last year.

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SC to hear plea on Cauvery river dispute today

Updated: Feb 20, 2017 04:56 IST

New Delhi [India], Feb. 20 (ANI): The Supreme Court on Monday will hear the plea regarding the Cauvery dispute between Tamil Nadu and Karnataka.

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Hyderabad (Telangana) [India], Feb. 20 (ANI): Telangana Chief Minister K. Chandrashekhar Rao on Sunday stressed on improving the standard of living of the handloom and powerloom weavers and worker and asserted that their pain and suffering should be eradicated.

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Itanagar (Arunachal Pradesh) [India], Feb.19 (ANI): The formal celebration of Golden Jubilee Nyokum Yullo, 2017, began on Sunday with inauguration of Golden Jubilee Gate, Art and Craft Gallery, food courts and exhibition stalls.

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Raipur (Chhattisgarh) [India], Feb.19 (ANI): The Central Bureau of Investigation (CBI) on Sunday registered a case against a Chhattisgarh government employee for allegedly seeking 'help in a case against him' by paying bribe through Hawala operators.

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