Prime Minister Narendra Modi in his address to the nation late on Tuesday evening announced that Rs 500 and Rs 1000 notes will no longer be legal tenders starting midnight tonight as a measure to curb black money circulation in the economy.
Earlier in the day, he met Chiefs of Army and Navy Staffs and Vice Chief of Air Staff, who came to brief him on the security preparedness of the forces manning the border outposts. National Security Advisor Ajit Doval was also present during the briefing. During the meeting, the Prime Minister is understood to have taken stock of the situation along the Line of Control (LoC) and International Border where Pakistan has been regularly shelling military posts as well as civilian areas.
Here is how Twitterati reacted to this announcement by PM Modi:
India takes historic step to fight corruption, black money, terrorism and counterfeit currency Rs 500 And Rs 1000/- pic.twitter.com/6Jx5f2sKyo
— M Venkaiah Naidu (@MVenkaiahNaidu) November 8, 2016
Rs 500 And Rs 1000/- Notes Are Illegal From Tonight- PM Narendra Modi.
People Who’re Against This Step Must Be Having Black Money. Exposed!
— Sir Ravindra Jadeja (@SirJadeja) November 8, 2016
This was done in 1978 as well. Rs 500 and Rs 1000 notes demonitised.
— ranjona banerji (@ranjona) November 8, 2016
Those who have a few crores of Rs 500 and Rs 1000 notes in their mattresses, lag gayi unki to!!!
— हम भारत के लोग (@India_Policy) November 8, 2016
From midnight, Rs 500 and Rs 1000 notes declared illegal. This is to fight black money.
— T S Sudhir (@Iamtssudhir) November 8, 2016