Surgical strike on black money as people are calling it and labelling Modi ji as the man of Surgical Strikes! Mr.Prime Minister broke a big news taking a big step over black money in India and took the country by astonishment. Let’s remain calm and ponder over what can be done to support this huge step to curb black money in the nation.
Key points from PM’s speech:
1. Currency notes of Rs 500 and Rs 1000 will not be legal beginning November 9.
2. New notes of Rs 500 and Rs 2,000 would be released and circulated soon. Taking out Rs.2000 per day per ATM card allowed.
3. ATMs will not work on November 9 and 10.
4. 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.
As per govt. norms, who will take 500- 1000 notes tonight and for next 1-2 days: –
Petrol pumps, Gas stations, Railways, Airports, Government Hospitals
What You Can Do:
New currency features
The new series of Rs. 500 notes, said economic affairs secretary Shaktikanta Das, will carry a picture of Delhi’s Red Fort. The 2000 rupee note that is being introduced carries an image of the Mangalyaan to celebrate India’s Mars mission, he said. Control rooms are being set up at the Reserve Bank and the Department of Economic affairs in the finance ministry to help in the transition.