To stop black money, Indian government withdraws Rs 500 and Rs 1,000 currency notes from circulation**

Zulfiqar Sheth Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption. In his first televised address to the nation, Mr. Modi said people holding […]

via To stop black money, Indian government withdraws Rs 500 and Rs 1,000 currency notes from circulation. — Economistindia’s Blog

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