-->

Rs. 500 And Rs. 1,000 Notes Being Discontinued: Prime Minister

Prime Minister Narendra Modi is addressing the country tonight, delivering a speech first in Hindi and then English.

Here are the highlights from his address:
  • Some important decisions and some serious issues to share.
  • When you elected this government in 2014, world was talking about India being shaky economically. But India is now an economic star - this is what IMF and World Bank are saying.
  • Sab ka sarkaar, sab ka vikas - governance and progress for all is our motto. We are focused on empowerment of the poor. A series of schemes we have introduced all aim at this. This is a government for our farmers.
  • Corruption and black money are diseases rooted in this country, they are obstacles to our success.
  • We are among fastest-growing economies, but we also rank so high in global corruption rankings.
  • Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.
  • Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.
  • Our measures to check black money are paying off. A voluntary disclosure scheme for undeclared money saw a good response. A Special Investigating Team is making progress to identify who has sent money abroad. 
  • 1.25 lakh crores of black money has been recovered. 
  • We need to take a new solid step to fight black money. From now on, Rs. 500 and Rs. 1000  notes will not be used. Have 50 days to turn them into banks and post offices.
  • On November 9 and in some places on November 10, ATMs will not work.
  • Respite for people for the initial 72 hours, government hospitals will accept old Rs. 500 and 1000 notes till 11 November midnight.


  • Petrol pumps and retail outlets will have to keep every single entry of cash transaction with 500 and 1000 notes till November 11.
  • Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11.
  • There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.
  • Those unable to deposit Rs. 1000, Rs. 500 notes by December 30 for some reason, can change them till March 31, 2017 by furnishing ID proof
  • Notes of Rs. 2000 and Rs. 500 will be circulated soon, RBI has decided to limit the notes with higher value

Related Posts

Post a Comment

Labels

General Knowledge 902 General Studies 719 Central Govt. Job 308 General Tamil 177 Mock Test 133 PAPER - I 120 Civics 101 Indian Constitutions 91 Library Science Quiz 80 Anna University Jobs 72 Library and Information Science Paper II 71 Librarian Jobs 69 Computer Science Quiz 64 History Quiz 59 General English 56 NEET 2017 Model Questions 53 Geography 45 Library and Information Science 35 Computer Science 34 Computer Science PAPER - III 32 History Paper II 32 6th Tamil 30 Computer Science PAPER - II 22 Library and Information Science Paper III 19 PAPER - II 18 10th Science 17 General Science Mock Test 17 Life Science Quiz 17 6th Standard Science 16 9th Science 14 Nobel Awards 14 CBSC NET 13 History Mock Test 13 PAPER - III 13 Medical Physicist 12 Economics Paper II 10 8th Science 9 7th Tamil 8 Commerce Paper-2 8 Economics Paper III 8 History Paper III 8 NCERT Text Book 8 General Tamil Quiz 7 Home Science Paper II 7 Labour Welfare Paper III 7 8th Tamil 6 Anthropology Paper II 6 Anthropology Paper III 6 Arab Culture and Islamic Studies Paper II 6 Arab Culture and Islamic Studies Paper III 6 Archaeology Paper II 6 Archaeology Paper III 6 Comparative Literature Paper II 6 Comparative Literature Paper III 6 Comparative Study of Religions Paper II 6 Comparative Study of Religions Paper III 6 Criminology Paper II 6 Criminology Paper III 6 Education Paper - II 6 Education Paper - III 6 English Paper - II 6 English Paper - III 6 Environmental Sciences Paper - II 6 Environmental Sciences Paper - III 6 Forensic Science Paper II 6 Forensic Science Paper III 6 Geography Paper II 6 Geography Paper III 6 Home Science Paper III 6 Human Rights and Duties Paper II 6 Human Rights and Duties Paper III 6 Indian Culture Paper - II 6 Indian Culture Paper - III 6 International and Area Studies Paper II 6 International and Area Studies Paper III 6 Labour Welfare Paper II 6 Law Paper - II 6 Law Paper - III 6 Management Paper - II 6 Management Paper - III 6 Mass Communication Paper II 6 Mass Communication Paper III 6 Museology and Conservation Paper II 6 Museology and Conservation Paper III 6 Music Paper II 6 Music Paper III 6 Performing Arts Paper II 6 Performing Arts Paper III 6 Philosophy Paper II 6 Philosophy Paper III 6 Physical Education Paper - II 6 Physical Education Paper - III 6 10th Tamil 5 Commerce Paper-3 5 Folk Literature Paper II 5 Folk Literature Paper III 5 Geography Mock Test 5 Linguistics Paper II 5 Linguistics Paper III 5 7th Science 4 9th Tamil 4 Chemistry 4 Geography Quiz 4 11th Tamil 3 6th Standard History 3 7th Tamil Mock Test 3 9th standard Tamil Quiz 3 CSIR-NET - Chemistry 3 Computer Science Video 2 Mathematics Paper II 2 CSIR-NET - Physics 1 Civil Engineer Mock Test 1 Computer Science Paper II 1 General Knowledge Mock Test 1 Geology 1 Interview Questions 1 January Current Affairs - 2016 1 LIS Questions 1 Library Science Paper II 1 Life Science 1 Life Science Paper II 1 Mathematics Quiz 1
Subscribe Our Posting