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Is it not ridiculous to make a declaration by our PM to credit rupees?

You are quite mistaken, probably carried away by repeated rhetoric of the opposition. Modis remarks are symbolic in nature, it was never a poll promise. It was not part of the BJP Manifesto. Lets see what he said. Addressing a rally in Chhattisgarh, he had said: Should the black money come back? Should we take every rupee from the thieves and the robbers? The public has a right over this money or not? Shouldnt this money be useful for the public? If we bring back the money of these thieves and robbers from foreign banks, then each and every poor of our country will get Rs 15-20 lakh for free. Thats how much money is there. Thus Modi was merely highlighting the extent of black money. And true to his promise, he took steps. The Black Money Act and the Benami Transactions Prohibition Act have made considerable inroads in to getting black money stashed abroad. And those moneys become part of the public funds and are being used for various development activities in various sectors.

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