Rs 500, Rs 1000 to be illegal starting midnight; Twitterati says ‘US counts votes, India counts notes’

'Modi trumps black money?'

By: Trends Desk | Updated: November 11, 2016 12:59 pm
Narendra Modi scraps Rs 500 Rs 1000 notes wef 12am tonight/ Twitter Narendra Modi scraps Rs 500 Rs 1000 notes wef 12am tonight/ Twitter

In what can be seen as an unprecedented move by Prime Minister Narendra Modi, during a special address to the nation, he announced that currency notes of Rs 500 and Rs 1,000 denominations will be illegal starting 12 midnight on November 8. That is not even four hours after the surprising announcement was made.

“Currency notes of Rs 1,000 and Rs 500 will be just paper with no value,” Modi said.

The move comes as a strike against the hoarding of black money. “A few people are spreading corruption for their own benefit,” he said, adding that “corruption and black money is (sic) something we have fought for immediately after assuming office…There is a time when you realise that you have bring some changes in society, and this is our time to feel the same.” It was then that he announced that the Rs 500 and Rs 1,000 notes will be deemed illegal starting midnight.

The news comes days after Twitter was buzzing with photos of bundles of currency notes of Rs 2,000 that were being shared with the idea that the Reserve Bank of India might be issuing them into the market soon. Well, now the wait for those notes – and new Rs 500 ones – is almost painful.

The announcement was met with immediate shock and confusion across social media, with people tweeting out their confusion at the sudden step. Most people wanted to know why this step was take, while others lauded the PM’s effort to counter black money hoarding and corruption. Some even proposed ‘auctioning’ their ‘rare collectors Rs 500 note from 2016 AD Modi era for Rs 10,000’.

True to Twitterati’s nature, memes and quips and jokes started flying. Sample some of them here.

 

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  1. A
    Abhishek
    Nov 9, 2016 at 2:11 pm
    Ragini just shut ur bloddy gutter mouth ... Lagta h tu b saaali kaala Chan ki hi aulad h.... Shame on u..
    Reply
    1. I
      indian
      Nov 8, 2016 at 4:03 pm
      Awesome! Well done. This is the best way to curb black money.
      Reply
      1. C
        Cutie
        Nov 12, 2016 at 1:09 pm
        If government trying to do best for people to provvide them new 500 and 2000 currency so that government can tackle the problem of black money and fake currency.Then why government can't make more 10rs 20rs 50 rs 100rs to sort the all problems..After new 500 and 2000 people ll have change problem so government also think about this and make more 10rs 20rs 50rs 100 rs than 500 and 2000.....forwarding this will help all indian people.lt;br/gt;Guys plz share this to all.
        Reply
        1. R
          Ragini
          Nov 9, 2016 at 12:28 pm
          Bohot zyaada galat kiya hai Modi ne!!!!lt;br/gt;lt;br/gt;Unn logo ka kya jinke paas paisa hi nhi hai....!!!lt;br/gt;lt;br/gt;Mere bohot saare friends hai jo abhi tak black money pe hi. Guzaara karte the...unka kya hoga ab😖😖😖lt;br/gt;lt;br/gt;lt;br/gt;Aur GDM jaise college jahan par fees high hai...uske paas sirf Kaala dhan hai....unka kya...lt;br/gt;lt;br/gt;Aur news pe aa raha hai ki digital ho jaaoo...agar mujhe bread mangaani hai toh main kya online order karoongi!!!lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;Talking about ki mere paas paisa hi nhi hai...!!!mere paas saare 500 aur 1000 ke hi notes hai!!!lt;br/gt;lt;br/gt;Main kaise kharri doon kuchh bhi!!!lt;br/gt;lt;br/gt;lt;br/gt;Hai koi jawaab??lt;br/gt;lt;br/gt;Nhi hoga..kyonki main sahi keh rahi hoon...lt;br/gt;lt;br/gt;India barbaad ho raha hai !!!lt;br/gt;lt;br/gt;Yeh jo bhi ho raha hai sahi nhi hai!!
          Reply
          1. R
            Ragini
            Nov 9, 2016 at 12:20 pm
            I don't think so whatever is going on...is right...lt;br/gt;lt;br/gt;I notice that the w market is closed...lt;br/gt;I think Modi'S descision will only cause inflation and the GDP of our country will go down....lt;br/gt;lt;br/gt;lt;br/gt;I want inform you all that..the ministers and filmstars were informed before hand only about this...and all their money was deposited in Swiss Bank...lt;br/gt;lt;br/gt;So I think this decision will make only the filmstars and Big People better but the Aam Aadmi will become lower middle cl now...lt;br/gt;lt;br/gt;lt;br/gt;Modi'S descision is correct but somehow implemented in a wrong way...I think it was wrong to announce this at night...it just left people in thinking and depression...lt;br/gt;lt;br/gt;If the new notes would have been circulated before hand and then...this rule was executed then it would have been much better!!!lt;br/gt;lt;br/gt;lt;br/gt;Modi did wrong with the Aam Aadmi..lt;br/gt;lt;br/gt;lt;br/gt;Ab toh Aam Aadmi khatam ho jaayega!!
            Reply
            1. S
              Sameer
              Nov 8, 2016 at 7:13 pm
              Desh pehle hi mandi se guzar raha tha ab maha mandi se guzrega
              Reply
              1. Y
                Ya Dajjal
                Nov 8, 2016 at 8:36 pm
                Love him or hate him, this is the MAN!
                Reply
                1. Y
                  Ya Dajjal
                  Nov 8, 2016 at 8:38 pm
                  Only a corrupt person stealing the blood of the poor will object to this - so far communist and mamta Banerjee have objected.........
                  Reply
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