Tuesday, 8 November 2016

Government of India Launches New Currency notes of Rs.500 and Rs.2000








Highlights:

    This speech is for a special request that I am going to make to the nation.
    We are for empowerment of poors and for their rights.
    The various schemes launched by the government are aimed at empowering the poor. It shows the government is dedicated to the poor.

    Corruption and black market is a big hindrance in removing poverty.
    India a bright spot in global economy. This claim is not by us, but by the IMF.
    Corruption is the biggest bane for us. We are Number 70 on corruption index.
    Terrorism is being funded from across the border using fake currencies
    We took many steps to contain the menace of black money
    We made an SIT on black money with a retiredd judge of Supreme Court
    We entered into agreements with various countries to contain black money transactions
    We introduced the amnesty scheme to announce black money\
    Corruption, black money etc are such things which are pushing teh country backwards
    Rs 125 lakh crores came out during amnesty scheme on black money
    Some people have misutilised their positions for corrupt practices
    Some honest people have fought corruption as well
    On one side terrorism, fake note currency is destroying the country and on the other corruption and black money is destroying the country
    Rs 500 and Rs 1000 notes will be invalid from November 8 midnight
    The process of cash circulation is directly related to corruption in our country impacting the lower classes of our society
    From Midnight Nov 8, 2016 today, Rs 500 and Rs1000 notes are no longer legal tender
    You have 50 days (From 10 Nov to 30 Dec) to deposit notes of Rs 500 and Rs 1000 in any Bank or Post office
    On November 9 and in some places, on November 10, the ATMs will not work
    ATMS will limit money to Rs 2,000 a day initially
    On November 9, all banks will remain closed for public work
    There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc




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