Why India Banned Rs 500, 1000Rs
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| out from market |
Prime Minister Narendra Modi has called an emergency address speech,
where he revealed to the country that 500 and 1000 rupee notes are to be
discontinued from midnight today. I know how defective decision it is
but it is true and will be staunch decision of striking off usage of
1000 and 500 Rupee notes currency in India. This decision has been made
by the present government under the PM who says, IMF and World Bank
states India is an economic star now.
Every citizen will be allowed to withdraw 10,000 Rupees from Bank or
ATM per day and 30,000 per week which seems to be less. This ban on
notes can be major stroke on Indian economy but we will, have to wait
and watch how it turns out to be.
Why India Banned 500 and 1000 Rupee Notes
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