India Just Scrapped 500 And 1000 Buck Notes. They'll Be Illegal From Midnight Today.
India Just Scrapped 500 And 1000 Buck Notes. They'll Be Illegal From Midnight Today.
India Just Scrapped 500 and 1000 buck notes. They'll be illegal from midnight today.
In what is being seen as a major step to curb black money PM Modi has today announced that Rs 500 and Rs 1000 buck notes will be discontinued from today. This has been the first such currency reform taken in recent times.
Those who have Rs 500 and Rs 1000 notes will have 50 days to deposit them into a bank. The announcement comes following a crack down on black money by the Modi Govt in which it has reportedly recovered Rs 1.25 lakh crore black money. Black money was a major election plank for PM Modi when he was fighting the 2014 elections.
The announcement came as a part of his address to the nation which followed a meeting with the three Service chiefs. The service chiefs made PM Modi aware of cross-border hostilities from Pak.
This is how the internet reacted to this change.
In one stroke, billions worth black money wiped out. Declare all those Rs 500 and Rs 1000 notes tucked under your bed and sofa or burn them
¡ª Abhijit Majumder (@abhijitmajumder) November 8, 2016
In one stroke, billions worth black money wiped out. Declare all those Rs 500 and Rs 1000 notes tucked under your bed and sofa or burn them
¡ª Abhijit Majumder (@abhijitmajumder) November 8, 2016
Mubharakho kal shaadi karne walo ko sirf lifafa milega
¡ª All India Bakchod (@AllIndiaBakchod) November 8, 2016
Rs 500 and Rs 1000 no more legal. Surgical strike by Prime Minister Modi against Black Money. I wish India go for plastic/polymer currency.
¡ª Anshul Saxena (@AskAnshul) November 8, 2016
