"The government continuously endeavours to take feedback from them", Mr. Modi said in his monthly radio broadcast, Mann Ki Baat.
Modi began his address by wishing his listeners "Merry Christmas". Mr Modi said the informal sector which accounts for highest number of employment is getting converted into formal plugging loopholes in the system.
"Those who profit from financial markets must make a fair contribution to nation-building through taxes". People want to learn from each other.
He then unveiled two award schemes the government has instituted to promote cashless transactions.
PM announced that government has launched two schemes - for consumer the scheme is called "Lucky Grahak Yojana" and for small traders "Digi Dhan Vyapar Yojana".
PM Modi also applauded Indian soldiers for their undying love and sacrifice for the country and said that this Diwali is dedicated to them.
December 25 (ANI): Prime Minister Narendra Modi on Sunday asserted that cashless transactions in the country had gone up by 200-300 percent post demonetisation.
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"I feel delighted to learn that the awareness about how to use technology and making e-payments is spreading very fast".
He also promoted the cashless transaction. PM's statement also indicated it will still take few more days for the situation to normalise.
PM Modi is in Maharashtra to lay the foundation stone for the grand Shivaji memorial.
On Saturday, Modi also performed Bhoomipujan-worshipping the land before the start of any construction project.
The Prime Minister said since November 8, when high denomination notes of Rs 500 and Rs 2,000 were banned, cashless business has witnessed a rise of 200 to 300 per cent.
"You are possibly aware of the law on benami property in our country which came into being in 1988, but neither were its rules ever framed, nor was it notified". The papers had got lost somewhere in a stack of files.
Mr Modi said, his government has revived the Benami Property legislation giving it more teeth to deal with the menace.