War on Black Money: How corruption has reduced during Narendra Modi's regime

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New Delhi, Nov 10: Prime Minister Narendra Modi kick-started his formal war against flow of black money and rising corruption by scrapping Rs 500 and Rs 1,000 notes on Wednesday.

In fact, fight against corruption and black money are the primarily reasons behind voters electing Modi as their PM during the 2014 Lok Sabha polls.

Narendra Modi

The BJP-lead NDA government promised voters to wipe out corruption from the nation, especially after several scams were reported during the second term of Congress-led UPA government.

Now, let us see how Modi government has fared in reducing corruption.

In his address to the nation on Tuesday, Modi said, "In the past decades, the spectre of corruption and black money has grown. It has weakened the effort to remove poverty."

"On the one hand, we are now No. 1 in the rate of economic growth. But on the other hand, we were ranked close to one hundred in the global corruption perceptions ranking two years back. In spite, of many steps taken, we have only been able to reach a ranking of seventy-six now. Of course, there is improvement. This shows the extent to which corruption and black money have spread their tentacles," he added.

Thus in two years, since the time Modi took over the reins of the government, India has significantly improved its ratings in terms of global corruption perceptions.
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