Prime Minister Narendra Modi took the nation by surprise on Tuesday as he announced demonetisation of Rs 1000 and Rs 500 notes with effect from midnight.
This major announcement will make these notes invalid and it’s being considered a huge assault on black money, fake currency and corruption.
PM Modi gave his first televised address to the nation and claimed that people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.
Check out twitter reactions regarding PM Modi’s surgical strike on black money:
Really great move this to ban Rs.500 and Rs.1000 notes post midnight.— Mohammad Kaif (@MohammadKaif) November 8, 2016
The timing and the secrecy, worth lauding.#NoToCorruption
In America they will count Votes.— Virender Sehwag (@virendersehwag) November 8, 2016
In India count Notes.
Tonight just notice d houses that dont have lights off,Note Counting On.#BlackMoney
Brilliant decision by @narendramodi to stop black money. Kudos to the government.— Amit Bhargava (@bhargavamit21) November 8, 2016
Black Money Circulates Mostly In Rs 500 And Rs 1000 Notes. Now If They Go To Bank To Exchange To Rs 100 Notes, They'd Be Exposed.— Real Indian (@Tarun_Pachauri) November 8, 2016
We salute @narendramodi for taking such a big step. This ni8 vl prove a nightmare for black money hoarders.— 🇮🇳I LOV INDIA 🇮🇳 (@_ajaytiwari79) November 8, 2016
Rs 500 and Rs 1000
Rs 500, Rs 1000 notes won't be legal tender from tonight: PM Narendra Modi... Master stroke.. RIP black money— Saleem Akhtar Aazmi (@SaleemAkhtarSam) November 8, 2016
No more Rs. 500 and Rs. 1000 notes.— Pranava (@pranavatandra) November 8, 2016
Just Sensational. All politicians who have stacked black money in gunny bags can set it to fire now :)
Surgical Strike On Black Money Holders!#PrimeMinisterModi Says Rs 500 and Rs 1000 Notes Will Be Banned From Midnight.— ராஜா ❤🔚 (@Vimal78350433) November 8, 2016
Bold And Brilliant!
Yes, it's inconvenient. But the move to ban Rs 500 and Rs 1000 notes will wipe out black money worth billions. Bold move, but a great one.— Saan Isaac (@Saan_04Chels) November 8, 2016
This is India's 9/11.— Rishi Bagree (@rishibagree) November 8, 2016
Two #BlackMoney towers of Rs 500 and Rs 1000 have fallen.
You need "56 inch ka seena" to take the step like Modi took on Rs 500 and Rs 1000.— EngiNerd. (@mainbhiengineer) November 8, 2016