Rs 500, Rs 1,000 notes declared illegal: Here is how politicians reacted

Modi said the step was taken to control the menace of black money in the country, which has sapped the economy.

By: Express Web Desk | New Delhi | Updated: November 9, 2016 12:00 am
500 1000 rupee notes, notes made illegal, Narendra Modi notes announcement, black money, political reaction, India news, latest news, indian express The Prime Minister said that the Rs 500 and Rs 1,000 denomination notes can be deposited in banks and post offices, and also exchanged across the bank counter by showing government-issued ID proof. (File Photo)

To tackle the menace of black money, Prime Minister Narendra Modi on Tuesday announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight. He said that such notes will become “mere paper”. Modi said the step was taken to control the menace of black money in the country, which has sapped the economy. The decisions come after a cabinet meeting.

The Prime Minister said that the Rs 500 and Rs 1,000 denomination notes can be deposited in banks and post offices, and also exchanged across the bank counter by showing government-issued ID proof. He also said that ATM withdrawals will be restricted to Rs 2,000 per day till November 11, when this limit may be increased slowly.

Withdrawals from bank accounts will be limited to Rs 10,000 for the first few days.

Here is how politicians reacted

Chandrababu Naidu (Andhra Pradesh Chief Minister): This a major step forward towards wiping out black money. This will also pave the way for eliminating corruption.

Amit Shah (BJP President): We feel proud of PM Narendra Modi ji’s surgical strike against black money and corruption. His decision to discontinue Rs 500 and Rs 1000 rupee note will immensely help in eliminating corruption. On behalf of all BJP karyakartas, I compliment the Central government and the PM for taking tough but timely and path-breaking measures.

Baba Ramdev: Would like to congratulate PM Modi on making such a good decision, on black money

Shivraj Singh Chouhan (Madhya Pradesh Chief Minister): This decision will take us way forward, which has been made for the benefit of the nation

Randeep Singh Surjewala (Congress): What happens to those who are going to buy necessary articles for marriages including jewellery, clothes etc? Are you not putting cumbersome burden on them by putting a limit on how much money can be withdrawn? While Modi ji withdraws Rs 1000 note on one side, he introduces Rs2000 note on the other side?Does it not defeat his own argument?

Mohammed Salim (CPI(M) politburo member): “We are always in support of unearthing black money. But after 2.5 years of silence on the issue, the Centre all of a sudden decided to scarp the Rs 500 and Rs 1,000 notes. This is nothing but absurd. This decision will have a drastic impact on small traders and the middle class.”

Mamata Banerjee (West Bengal Chief Minister): Heartless and ill- conceived blow on the common people and the middle class in the fake name of anti-corruption. Withdraw this draconian decision.

For all the latest India News, download Indian Express App

  1. A
    Archna
    Nov 8, 2016 at 6:56 pm
    I am in Kolkata today and everyone supporting this move. I think Mamta Banerjee is more worried for her personal kitty money. Congress anyways survives on black money so obliviously they have stomach pain
    Reply
    1. R
      Reader
      Nov 9, 2016 at 2:06 am
      These few days only big business men have profits like big bazaar reliance and other because people Don't have put they have to eat something so they don't buy from small seller they have to go buy from there
      Reply
      1. A
        Atul Bhardwaj
        Nov 8, 2016 at 5:41 pm
        The left and the congress both have lost their bearings by surgical strikes.They will rest in coma for sometime to come.The PM is way ahead of them;they will have to MODIfy their self defeating strategy of giving the usual byte,irrespective of the question posed to them.lt;br/gt;They really seem to be ic like RAGA.
        Reply
        1. A
          Avinash
          Nov 8, 2016 at 7:56 pm
          Anti black money drive...nonsense.lt;br/gt;Unless big fishes are arrested and punished. ..all such moves are just waste.
          Reply
          1. B
            bimal sawthal
            Nov 9, 2016 at 5:03 am
            This is a best and best idea against black money and currupted people.lt;br/gt;i like you congratulate PM Modi
            Reply
            1. S
              sam
              Nov 9, 2016 at 9:14 am
              aam admi party ne badi mushkil halaat me thode paise kamaye the, sab kuchh loota dia modi ne ... ye aam aadmi k sath dhokha hai,,,, shri kejri bawal
              Reply
              1. N
                Narayana undefined
                Nov 8, 2016 at 7:18 pm
                It is a great surgical move on Black Money...Politicians are hard hit. Many of them speechless.
                Reply
                1. B
                  bng
                  Nov 8, 2016 at 6:49 pm
                  Perhaps the best PM since Independence.
                  Reply
                  1. Load More Comments