Corrupt people, for the first time after Independence, were scared of making illicit money, he said.
According to media reports, Modi said nothing will be able to deter him from the efforts to change the "broken system" of the past 70 years.
He said that the country saw a "behavioural change" after demonetisation, which helped in converting to a "clean and healthy economy". He also said his government was committed to a development centric eco system which would be citizen centric and free of corruption.
Wingsuit flyers jump from Jungfrau and land inside a plane
Working with Red Bull , they practiced the stunt more than a hundred times- until they got it just right. We also worked on the parachutes so they don't open too fast in case we touch the plane.
Saying he was ready to pay a political price for fighting corruption, Modi described Aadhaar, which is facing legal challenges over privacy concerns, as an irreversible change, a term he used to play on the HT summit's theme of The Irreversible Rise of India.
Recently, Union Housing Minister Hardeep Singh Puri had reportedly said that property transactions would be linked to Aadhaar to eliminate black money from the real estate sector nd help in addressing the issue of benami property.
There has also been a "positive change" in the mindset and self-confidence of people "like never before", he said.
Disney's 'Mulan' Finds Its Star
A graduate of the Beijing Film Academy, Liu speaks fluent English and also lived in New York City during her childhood years. Liu, who spent part of her childhood in NY , has starred in both English- and Chinese-language films over the years.
PM Modi went on to say that major and permanent changes are not easy to make and require overhauling of the whole system if such changes are to be sustained.
"By linking Aadhaar to mobile and Jan Dhan, we have created such a system that could not have been imagined few years back", the PM said. "Demonetisation brought in proof of black money... finished parallel economy", he said. Also the government hopes to ensure financial transparency by pushing people to link Aadhaar to bank accounts and other services.
"The day the country will have a technical and digital address for all monetary transactions, organised corruption will be checked to a great extent", he said.
Heavy rains, strong winds hit Southern Kerala; 4 killed
The sea conditions were likely to be high along and off south Kerala and south Tamil Nadu coasts and around Lakshadweep islands. The cyclone Ockhi which is lashing the southern India got its name from Bangladesh and the word Ockhi in Bengali means eye.