Wed, Mar 29, 2017 | updated 01:15 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], Mar. 28 (ANI): The government has listed the Goods and Services Tax Bill (GST) Bills in its agenda in the Lok Sabha for discussion and passage on Wednesday.

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Moradabad (Uttar Pradesh) [India], Mar. 28 (ANI): While Moradabad's non-vegetarian biryani is making itself famous abroad, its taste seems to be deteriorating in Uttar Pradesh.

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New Delhi [India], Mar. 28 (ANI): A 21-year-old-woman and her friend were harassed by two police personnel today near Surajkund at Faridabad.

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Srinagar [India], Mar. 28 (ANI): In view of the volatile law and order situation in the Valley post the Budgam encounter, where stone pelting was also witnessed resulting in the death of three locals, Railway services will remain suspended throughout Kashmir tomorrow.

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Leh (Jammu and Kashmir) [India], Mar. 28 (ANI): The Leh Forest department on Tuesday carried out a mass plantation drive at Council Secretariat Leh, celebrating Forest Day to spread awareness among public for safeguarding the environment.

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Dantewada (Chhattisgarh) [India] Mar. 28 (ANI): The Central Bureau of Investigation (CBI) has arrested an Office Superintendent working in the office of AEN, East Coast Railways in Chhattisgarh's Dantewada for demanding and accepting a bribe of Rs. 20,000 from the complainant.

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Kolkata (West Bengal) [India], Mar.28 (ANI): The Enforcement Directorate (ED) has secured its highest conviction order under Prevention of Money Laundering Act (PMLA) in a drug case from a special CBI court, which convicted Allauddin Sk. for the offence of money laundering under Section 4 of PMLA.

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Tripura: 17-year-old girl raped, murdered

Updated: Mar 28, 2017 22:22 IST

Dharmanagar (Tripura) [India], Mar. 28 (ANI): In yet another incident of crime against women in the country, a 17-year-old girl was allegedly raped and murdered at Madhubari in Dharmanagar town of North Tripura district.

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Vishakapatnam (Andhra Pradesh) [India], Mar. 28 (ANI): An eight-member gang was arrested on Tuesday in Vishakapatnam in connection with smuggling marijuana.

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Shimla (Himachal Pradesh) [India] Mar. 28 (ANI): A delegation of Islamic Republic of Afghanistan Embassy in Delhi visited Shimla on Tuesday after the students from Afghanistan were attacked in the city by local tourist guides.

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Surat (Gujarat) [India], Mar. 28 (ANI): Two people were arrested in Surat in connection with the seizure of Rs 42 lakhs in demonetized notes of Rs. 500 and Rs. 1000.

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New Delhi [India], Mar. 28 (ANI): In the wake of the civilian casualties and injuries during the stone pelting that occurred on the sidelines of the Budgam encounter in Jammu and Kashmir today, the Central Reserve Police Force (CRPF) has made a fervent appeal to the locals of the Valley to not pose as an obstruction in the path of security forces while they are combating terrorists.

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Lucknow (Uttar Pradesh) [India] Mar. 28 (ANI): Following the strike called by the meat sellers in Uttar Pradesh, the slaughter house association on Tuesday said that they do not want to make it difficult for the people and called on the state government to think about the livelihood of the shop owners.

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Ahmedabad (Gujarat)[India], Mar. 28 (ANI): The Meteorology Department of Gujarat on Tuesday issued a yellow warning due to rise in temperature in the state for the next 48 hours.

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Srinagar (Jammu and Kashmir.) [India], Mar. 28 (ANI): Pakistan was responsible for the violence in Budgam today, which witnessed an encounter as well as a major incident of stone-pelting in which three civilians were killed and 60 security personnel sustained injuries.

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Srinagar [India], Mar. 28 (ANI): The Central Reserve Police Force (CRPF) has stated that today's encounter with militants in Budgam was a particularly different one, as they had to fight it on two different levels- against militants and the stone pelting locals as well- informing that 40 CRPF and 20 Police personnel suffered injuries in the stone pelting.

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New Delhi [India], Mar. 28 (ANI) A Delhi court on Tuesday reserved its order for April 12th in a fake passport case, allegedly involving noted gangster Chhota Rajan and three others.

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New Delhi [India], Mar. 28 (ANI): The Congress on Tuesday termed party leader M.M. Hassan's remark on women as a personal view, making it clear that the party believes in equality.

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New Delhi [India], Mar. 28 (ANI): The Central Bureau of Investigation (CBI) has filed a petition asking the CBI court to cancel YSR Congress Chief Jagan Mohan Reddy's bail in a Disproportionate Assets (DA) case, claiming that Jagan has violated the bail clause.

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New Delhi [India], Mar. 28 (ANI): Slamming the Opposition over the delaying in filling up vacancies in the statutory commissions for minorities, Union Minister Venkaiah Naidu asserted that the Congress still cannot accept their defeat in the recent Assembly Elections and was coming up with 'lame reasons' to create an uproar in the House and delay the proceedings.

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