But with India in the grip of a severe currency shortage since the government invalidated 86% of the cash in circulation on November 8, the couple couldn't scrape together even $100 for transportation to the hospital.

Modi had said the "pain" would end by Friday, but fewer than half of the country's 200,000 cash machines are working and strict limits remain on how much currency can be withdrawn from bank accounts.

The demonetisation decision has also taken a toll on the common man, with reports of some dying while standing in queues to collect money.

It comes only weeks before Uttar Pradesh, India's most populous state with 200 million people, holds an election that will test whether the popular leader has been significantly weakened. He praised Indians for their forbearance.

In comparison to Modi's aggressive speeches on demonetisation, this was far a more philosophical address, though it did carry Modi's trademark "fire and brimstone " warnings to those involved in economic corruption and tax evasion, the PM made it clear that unscrupulous Government officials and bankers, who tried to help people convert their black money, will not be spared.

"For us in government, this is a blessing".

"He described the people" s patience, discipline and determination in the success of his demonetisation drive, braving all difficulties, as a "victory of honesty" and laying foundation of India" s bright future, having no parallel in the world.

Minister of Commerce and Industry Nirmala Sitharaman later told reporters that India's central bank is yet to release the final numbers related to demonetization.

Badgers defeat Western Michigan 24-16, win Cotton Bowl
Wisconsin failed to cover in the match as a -2.5-point favorite, while 69 combined points moved the game OVER for totals bettors. The Broncos averaged a very balanced 497 yards per game on offense this season, 260 through the air and 237 on the ground.

PM Modi asks banks to focus on poor, lower middle class and middle class to tune their programmes out of huge money that has come to them. The offer of interest rebate for housing loan for the urban poor and middle class is seen as a prelude to a big surgical strike on the real estate sector to target illegal properties.

Asks banks to raise the credit limit to 25 percent from 20 percent of turnover for small businesses. Loans of up to ₹2 lakh taken in 2017, for new housing or extension of housing in rural areas, will receive an interest subvention of 3 per cent.

Mr Modi did not say how the government would pay for the measures, although economists said the package was unlikely to be too costly.

In his brisk comment on the message given by Prime Minister Narendra Modi for the countrymen on the eve of New Year, Chief Minister Dr Raman Singh tweeted that the Prime Minister has created history through his vision, steely resolve and dream of development for the people of this country. He chose to justify that both cash and credit are needed at the same time in a better economy.

The opposition, led by the Congress party, has joined forces, mocking the government for being ill-prepared and blaming it for hardships faced by the poor as a result.

One senior member, Prithviraj Chavan, said the address was vague and lacked accurate accounting details.

In his speech, Modi sought to cast the move as something all Indians should support.


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