Question

PM announced demonetisation News Report 10th class
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Answer 1

Answer:

On November 8, 2016, Prime Minister Narendra Modi announced his government's demonetisation drive in a shock move. Today, on the anniversary of India's biggest-ever monetary gambit, the government and the Opposition are heading for a clash as they observe the 'anti-black money day' and 'black day', respectively.

While the political parties duke it out, the impact of the note ban and all its possible consequences are still being debated.

On the one hand is the problem of terrorism; on the other is the challenge posed by corruption and black money. We began our battle against corruption by setting up an SIT headed by a retired Supreme Court judge, immediately upon taking office. Since then

• a law was passed in 2015 for disclosure of foreign black money;

• agreements with many countries, including the USA, have been made to add provisions for sharing banking information;

• a strict law has come into force from August 2016 to curb benami transactions, which are used to deploy black money earned through corruption;

• a scheme was introduced for declaring black money after paying a stiff penalty;

Note:-

this is a short summary of the speech, you can create your report from the above points...

thanks!