PM Narendra Modi has announced an important measure to curb Black Money.8 Nov - Live updates:
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A perfect way to convey your wishes to your dear ones. Easy to Carry | Rich good Looks | No need wrapping. Add a personalized message and hand over as it is. Quick and excellent alternative to gifts8:02 pm: India has registered itself as a bright spot, and its not that this is a claim made by us, but by IMF and World Bank
8:03 pm: This govt is dedicated to the poor, and will continue to do so, says the Prime Minister who completes two-and-a-half years of rule today.
8:04 pm: Mr. Modi listed out the various schemes, including the Jan Dhan Yojana launched by NDA government in his address to the nation.
8:05 pm: Corruption and black money are the biggest hindrances in the fight against poverty, he says adding that it is everyone's responsibility to eradicate poverty.
8:07 pm: He moves on from corruption to terrorism. He tells "terrorsists from across the border" are spreading counterfeit currency notes.
8:10 pm: the Prime Minister emphasises that Corruption, black money and terrorism can come in the way of a country's robust economic growth.
8:11 pm: Prime Minister says Rs. 500 and Rs.1000 are notes are mostly used in black money.
8:15 pm: From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. "These notes are just papers from tomorrow," says the prime minister.
8:20 pm: These notes should be exchanged in banks and head post offices and sub post office within December 30, 2016, by providing a valid identity proof such as Aadhaar, PAN card or voter ID card.
8:21 pm: People who possess Rs.500 or Rs. 1000 currency notes after December 30 can exchange it at Reserve Bank of India by providing a declaration. This is till March 31, 2017.
8:22 pm: The ATMs will not function till November 9, and in some places till November 10.
8:25 pm: There are, however, some exemptions. Government hospitals,
8:27 pm: Rs 10,000 daily cash withdrawal and Rs 20,000 weekly cash withdrawal limit
8:30 pm: There is no restrictions on internet banking, cash, demand draft transactions.
Final News
â–¶Rs.500 and Rs.1000 will no longer be legal - Effective from midnight(8 Nov) .â–¶ Last day to exchange notes is December 30,2016.
â–¶The notes can be exchanged in Banks and Post Offices. They will ask for Aadhaar, PAN card or voter ID card.
â–¶ATMs will not be functional for the next two days (9 and 10 November).
â–¶500 Rs and 1000 Rs notes will be accepted in Railway Stations, Government Hospitals, and Railway Stations till November 11.
â–¶Tomorrow(9 November) will be a holiday for Banks.
PM Narendra Modi has announced this measure to curb Black Money.
