There has been a lot of negative publicity about the demonetization step with people facing cash crunch problem for prolonged periods. As this is going to be a poll issue in the upcoming UP State Legislative Assembly Elections, PM will himself address the nation on 31st December 2016 to assure people that the scheme is working and has potential to widen the tax base of India, reduce black money flow in the economy and is in the interest of common man & small businesses of India.
30th being the cut off date for deposition of old notes this announcement was expected. It is also being said that some new policies and programmes will also be announced by the PM.
It is being said that the current cash withdrawal limit of Rs. 2500 per day and Rs. 24,000 per week can be relaxed in the coming days but the crack down on corruption will not ease any time soon.