PM scrapped rs 500 and rs 1000 notes
Here is what he said while addressing the nation in his speech:
The present notes of Rs 500 and Rs 1000 will never again be substantial from November 8 midnight, Prime Minister Narendra Modi reported in a broadcast deliver to the country. Rather, notes of Rs 2000 and a recently composed Rs 500 are being presented.
Here are highlights from his discourse:
- From midnight, notes of Rs 500 and Rs 1000 will stop to be legitimate delicate.
- Citizens will have 50 days - between November 10 and December 30 - to give in notes of Rs 1000 and 500 at post workplaces and banks.
- Those who will not be able to change all their old cash notes inside the due date, will have the capacity to do as such at the Reserve Bank of India up till March 31, 2017 by giving an announcement.
- ATMs won't work on November 9, and on November 10 in a few spots.
- For 72 hours, until the midnight of November 11, government clinics, government-approved customer stores like drain stalls and ticketing counters, will keep on accepting the old Rs 1000 and 500 notes.
- RBI's proposal for new Rs 2000 note has been accepted.
- All banks will stay shut on November 9 for open work.
- This govt is focused on poor people: PM Narendra Modi delivers to the country.
- In spite of two years of consistent drought ,in the last two-and-half years, India has made its nearness felt in the worldwide economy.
- We are among the quickest developing economies, yet we likewise rank high in worldwide defilement rankings
- Black money and corruption has taken roots in the nation, these are the greatest obstacles in eradicating poverty.
- Indian citizens experience their lives sincerely. In any case, black money, debasement make the country hollow from inside.
- In the last two-and-half years, in any event Rs 1.25 lakh crore of black money has been recuperated.
News source
Here is what he said while addressing the nation in his speech:
The present notes of Rs 500 and Rs 1000 will never again be substantial from November 8 midnight, Prime Minister Narendra Modi reported in a broadcast deliver to the country. Rather, notes of Rs 2000 and a recently composed Rs 500 are being presented.
Here are highlights from his discourse:
- From midnight, notes of Rs 500 and Rs 1000 will stop to be legitimate delicate.
- Citizens will have 50 days - between November 10 and December 30 - to give in notes of Rs 1000 and 500 at post workplaces and banks.
- Those who will not be able to change all their old cash notes inside the due date, will have the capacity to do as such at the Reserve Bank of India up till March 31, 2017 by giving an announcement.
- ATMs won't work on November 9, and on November 10 in a few spots.
- For 72 hours, until the midnight of November 11, government clinics, government-approved customer stores like drain stalls and ticketing counters, will keep on accepting the old Rs 1000 and 500 notes.
- RBI's proposal for new Rs 2000 note has been accepted.
- All banks will stay shut on November 9 for open work.
- This govt is focused on poor people: PM Narendra Modi delivers to the country.
- In spite of two years of consistent drought ,in the last two-and-half years, India has made its nearness felt in the worldwide economy.
- We are among the quickest developing economies, yet we likewise rank high in worldwide defilement rankings
- Black money and corruption has taken roots in the nation, these are the greatest obstacles in eradicating poverty.
- Indian citizens experience their lives sincerely. In any case, black money, debasement make the country hollow from inside.
- In the last two-and-half years, in any event Rs 1.25 lakh crore of black money has been recuperated.
News source
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