In a surprising move, Prime Minister Narendra Modi Tuesday night announced demonetization 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, Modi said people holding notes of Rs 500 and Rs 1000 can deposit the same in their bank and post office accounts from November 10 till December 30. In his 40-minute address, first in Hindi and later in English, the Prime Minister said the…
Read MorePM Modi scraps Rs 500, Rs 1000 notes
