A very bold step by PM Modi - Rs 500 and Rs. 1000 notes shot down!
1. Around 8.00 PM last evening, ie on 8.11.2016, PM Modi addressed the nation to announce that the Rs. 500 and Rs 1000 notes are being taken back and these notes will no longer be valid with effect from the midnight 12.00 o'clock. 2. This announcement took the nation by total surprise. Though people became apprehensive of the short term problems that they may face now, but as was evident from the people's feedbacks coming on TV channels that despite a bit of problems in first few days, people were by and large very happy and they all believed that this could be a very effective step to tackle quite a few problems this country is facing today, like black money and fake currency that reportedly were in great circulation today. 3. The Govt's move can help a lot in rejuvenating the country's economy by rooting out black money and fake currency. During the recent volutary desclosure scheme, black money amounting to Rs. 65,000 cr. were probably brought back int...