Just when millions in India had given up on Modi sarkar's 2014 mammoth poll promise that he would return Rs 15 lakh to every Indian's account by wiping out the last trace of black money, the PM dropped the biggest announcement by declaring that all existing Rs 500 and Rs 1,000 notes will be declared invalid.
Unlike earlier times, when his government's statistics and a brutal inflation have miserably failed PM Modi's performance claims that Indian economy is shining, the PM means business. Every citizen has only 50 days to return high-value currency.
So, we can all forget trading the last dirty 500 buck note for loose change at the petrol pump.
PM Modi believes his government has recovered Rs 1.25 lakh crore of black money with its stellar crackdown on tax defaulters and ingenious swindlers. We're not contesting that (for now at least).
Is this surgical strike on black money? We hope so.
NDA govt's fight against Black Money & Corruption.. Nearly Rs 1,25,000/- Crore of black money brought into open in the past 2.5 years pic.twitter.com/ezHfRq4qQo
— M Venkaiah Naidu (@MVenkaiahNaidu) November 8, 2016
Hilarious case of a guy in kolkata on TV who went to the atm to withdraw Rs 500 and out came a 500 note ! #no500 #no1000 #BlackMoney
Suggested uses for Rs 500 notes. Here's one. pic.twitter.com/WLB2x11Fgl
— Rahul Kanwal (@rahulkanwal) November 8, 2016
— T S Sudhir (@Iamtssudhir) November 8, 2016
Value of Rs. 100 will be more than value of Rs. 500 for two days.This is inflation!#BlackMoney
— Sorabh Pant (@hankypanty) November 8, 2016
Railway stations and airports will allow Rs 500 and Rs 1000 notes till November 11, so that all people with black money can push off.
— Ramesh Srivats (@rameshsrivats) November 8, 2016
When you have lot of 500 & 1000 notes as black money. pic.twitter.com/RN0DkWoQ8q
— The Viral Fever (@TheViralFever) November 8, 2016
Damn. A lot of beds in Gujarati households are going to seem uncomfortable tonight
— Rohan (@mojorojo) November 8, 2016
So no Rs 500/1000 notes from tonight. Interesting to see whether it ends up attacking black money. Hopefully will work.
— Harsha Bhogle (@bhogleharsha) November 8, 2016
Meanwhile, this is what the new high-value currency will look like:
[Image of the day] Modi govt releases images of Rs 500 and Rs 2000 notes to be in use. pic.twitter.com/fy0igIWnib
— DailyO (@DailyO_) November 8, 2016