Demonetisation drive for country's bright future, not for political gains: PM Modi

After that he will proceed to the site in the Arabian Sea off the Mumbai Coast where the Maharashtra Government is planning to build a mega memorial for Chhatrapati Shivaji.

Indian Prime Minister Narendra Modi, while addressing the nation on his "Mann Ki Baat" radio programme on Sunday, has hailed cricketers Ravichandran Ashwin and Karun Nair for the exemplary feats.

Modi said people who can not endorse action against corruption and black money were "relentlessly" searching for faults with his government.

He said people of India always supported him in his government's battle against corruption. "We'll not shy away from taking hard decisions, if those decisions are in the interest of the country", Modi said.

Recalling his 8th November address to the nation on the eve of demonetisation, he said, those who had been indulging in dishonesty and corrupt means for seventy years are trying to discover new ways to defeat government's move.

"Our country is mostly young.for our young people, this is a digital moment, a great opportunity for youth and start-ups", Modi said. He aims to increase taxes in a fair, efficient and transparent way.

On the other hand, only 820 people and 20 petitions on have slammed the decision.

"Marine life would be impacted and fishermen would be hard hit", Stalin Dayanand of non-profit Vanashakti said.

Modi said, "The corrupt have made all efforts to defeat the decision (demonetisation)".

"Every citizen of the country is proud of our soldiers", the Prime Minister added. He said that rather than aiming at immediate political gains, the government should work for the development of the country benefitting it for the long run. Awareness towards online payments and using technology for economic transactions is increasing.

Modi further said that in less than three years, the government had transformed economy, cut fiscal deficit and current account deficit while forex reserves had grown and inflation had been kept lower during the same period.