Rs 500 and Rs 1000
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Rs 500 and Rs 1000 blog


Government has decided to scrap the notes of Rs. 500 and Rs. 1000
November 8, 2016

To stop the spread of counterfeit notes, which is aiding terror activities from across the border, and flush out black money, the government has decided to scrap the notes of Rs. 500 and Rs. 1000, Prime Minister Narendra Modi said on Tuesday. Starting midnight, these notes will only be "worth the paper they are printed on," he said. A proposal for new 500 and 2,000 rupee notes has been cleared by the Reserve Bank of India. There will be no change in any other form of monetary exchange -- cheque, DD, payment via credit or debit cards, he said.

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Why India Banned Rs 500, 1000Rs
November 8, 2016

India has made a strict decision of banning regular 500 and 1000 rupee notes from circulation which is a result of finding 1.25 lakh crore black money. Indian government believes that by taking this decision we can hit black markets down and you would be least circulation of black money and fraud would not take place.

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How Modi kept his black money masterstroke a secret for 6 months
November 8, 2016

Prime Minister Narendra Modi's gamechanging move to demonetise Rs 500 and Rs 1,000 notes was a well-kept secret for nearly 6 months. According to an ET Now report, work on the big-bang black money reform started six months back and the entire operation was kept top secret to avoid any leak of sensitive info.

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