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MrBatman

500 & 1000 Currency Notes will Be Shut Down

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http://m.thehindu.com/news/national/live-narendra-modis-address-to-nation/article9320548.ece

 

Here are highlights from his speech:

 

- From midnight, the Rs 500 and Rs 1000 will cease to be legal tender.

 

- The 500 and 1000 Rs notes can be submitted to the post offices and banks from 10th November to 30th December.

 

- Those who can’t sumbit the notes within the deadline, can exchange it at Reserve Bank of India by providing a declaration.

 

- On November 9 and in some places November 10, ATMs will not work.

 

- For 72 hrs, until Nov 11 midnight special arrangements made. All government hospitals will accept old 500 & 1000 notes.

 

- This government is committed to the poor: PM Narendra Modi in address to the nation.

 

- In spite of 2 years of continuous drought, in the last two-and-half years, india has made its presence felt in global economy.

 

- We are among fastest-growing economies, but we also rank high in global corruption rankings

 

- Black money and corruption has taken roots in the country, these are the biggest obstacles in eradicating poverty.

 

- India’s common citizens live their lives honestly. But black money, corruption make the nation hollow from inside.

 

- In the last two-and-half years, at least Rs 1.25 lakh crore worth black money has been recovered.

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