LIVE: PM Modi Scraps Old ₹1000 and ₹500 currency notes
After holding a high-level meet with the three Service Chiefs, PM Modi held a Cabinet meet, and, now, the Prime Minister is expected to address the nation at 8pm tonight.
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Prime Minister Narendra Modi
- Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11 November midnight.
- On Nov 9 and 10, some ATMs might not work at some places
- You have 50 days (From 10 Nov to 30 Dec) to deposit notes of ₹500 & ₹1000 in any Bank or Post office
- People can deposit the money in their bank accounts and post offices from Nov 8 to Dec 31 without any hassle
- ₹500, ₹1000 old currency notes will no longer be legal tender from midnight
- The process of cash circulation is directly related to corruption in our country impacting the lower classes of our society
- Over the last 2 and a half years, ₹1.25 lakh crore worth of black money has been recovered
- On one hand terrorism & fake currency are destroying us, on the other, corruption & black money are creating hurdles for the nation
- Black money, graft are big challenges
- There is a time when you realise that you have bring some changes in society, and this is our time to feel the same
- In all our policies, we are dedicated for the upliftment of entire society
- This Govt is dedicated to the poor, and will continue to do so
- India has registered itself as a bright spot, and its not that this is a claim made by us, but by IMF and World Bank
PM Modi could meet President Pranab Mukherjee at 8.30pm at Rashtrapati Bhavan.
