Prime Minister Narendra Modi addresses the foundation day function of chartered accountants' apex body ICAI where he is speaking on the Goods and Services Tax. 

Here are the highlights:

>> Today is the foundation day of ICAI. I congratulate all of you

>> Today, the 'Good and Simple tax' has come into force. It's an honour for me to present among you all on this historic occasion

>> You are the pillars of Indian economy

>> In 1987, the Swiss Banks started revealing how much money Indians are depositing there. However, in a report we received from the banks last year, we found that the money deposited by Indians saw a decrease of up to 45 per cent

>> Two years from now, we will start receiving real-time data from Switzerland which will deter those who deposit black money there

>> A country where a select few loot, such a nation cannot scale new heights. These select few never want the nation to grow

>> Our government is committed to clean the country - of filth with Swachh India and black money with demonetization