Rs 1000, Rs 500 currency notes to be out of circulation from midnight

November 8, 2016

New Delhi, Nov 8: Taking the nation by surprise, Prime Minister Narendra Modi tonight announced demonetisation 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.

notes

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 notes of Rs 500 and Rs 1000 "will not be legal tender from midnight tonight" and these will be "just worthless piece of paper."

However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid.

He also announced that new notes of Rs 2000 and Rs 500 will be introduced.

ATM withdrawals will be restricted to Rs 2000 per day and withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week.

Banks will remain closed tomorrow and ATMs will also not function tomorrow and day after, Modi said.

He expressed confidence that the staff of banks and post offices will rise to the occasion to introduce the new order within the available time.

He also expressed confidence that political parties, workers, social organisations and the media will go further than the government in making it a success.

Besides depositing money in bank accounts, the Rs 500 and Rs 1000 notes can also be exchanged with lower denomination currency notes at designated banks and post offices on production of valid government identity cards like PAN, Aadhaar and Election Card from November 10 to November 24 with a daily limit of Rs 4000.

Those unable to deposit Rs 1000 and Rs 500 notes till December 30 this year can do so in designated RBI offices till March 31 next year after filling a declaration form along with proof and reasons, the Prime Minister said.

Rs 500 and Rs 1000 notes will be valid for transactions related to booking of air tickets, railway bookings, government bus ticket counters and hospitals till the midnight of November 11 and 12.

"Banks will be closed tomorrow. It will cause some hardship to you....Let us ignore these hardships... In country's history, there comes a moment when people will want to participate in the nation building and reconstruction. Very few such moments come in life," Modi said.

Comments

Skazi
 - 
Wednesday, 9 Nov 2016

Bupa, you lost the chance of stuffing pork
Now you can try this is on Sadvi, purohit, and other RSS terrorists

Bopanna
 - 
Wednesday, 9 Nov 2016

#4,Saleem, those who kill policewala deserve no mercy.
I would have stuffed pork in their mouths and shot them

naren kotian
 - 
Wednesday, 9 Nov 2016

hahaha saleem , they might be ur ummah , chummah ... who cares .,... they are terroroists ... we dont give damn ., pray for them yaar , 72 virgins jothe kabbadi aadli antha .... regarding najeeb , may be ask your isis leaders , he might be fighting in mosul :) haha ... bhagdhadi offer ge trap agi kabbaddi adbahudu antha hogirbeku ... ache din for natuonalkist indians who pay tax prompty ... hara hara modi .. jai jai modi ...

naren kotian
 - 
Wednesday, 9 Nov 2016

bhatkal ,ullal , kasargod , mallapuram , mulur hawala king pins will be crying .... ISI bosses will be struggling to send their counterparts required money to conduct jihad ... biryani boys of PFI are totally shocked ... faizhal bhai yelree ,,,, towel haakondu bundar nalli tootiddira .. hahaha ... banree ... papa ivattu bar ge hogodu faizhal bhai guarantee ...

Saleem
 - 
Wednesday, 9 Nov 2016

Good move by Modi to divert the attention from Bhopal Encounter and missing Najeeb.

Wa re wa ache din.....

Bopanna
 - 
Wednesday, 9 Nov 2016

Well said Naren, cannot see any of usual \truth seekers\" or \"anal ysts\" because they are trying to hide their ill gotten money. Those who were calling Modiji \"Feku\" look at this ! In one stroke he has nullified terrorists and black marketeers. No wonder Muslims hate him"

Althaf
 - 
Wednesday, 9 Nov 2016

Naren
I agree 100% with you. Jihadist Sanghis might have not slept last night. Poor guys.

Naren kotian
 - 
Tuesday, 8 Nov 2016

Wow ....hara hara modi ....jai jai modi ....jihsdist terrorism ...jihadist hawala network, jihadist chain snatchers and jihadists will not get sleep today .hahaha ....jihadist counterfeit kingpins and smugglers will be crying ....muah love u modi

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News Network
June 17,2020

Mangaluru, Jun 17: The first chartered flight repatriating Indians stranded at Kuwait for months landed at the international airport here.

The Jazeera Airways flight privately booked by the Keralites and coastal Kannadigas living in the Arab country had left sometime in the afternoon with 160 passengers on board.

The flight also carried the mortal remains of Sathish Kochu Shetty (45), who died in a fire tragedy at a refinery in Kuwait on June 14.

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News Network
January 23,2020

Mangaluru, Jan 23: Bajpe Police on Thursday registered yet another case against the prime accused in Mangaluru International Airport case, Aditya Rao.

According to the police, a complaint was received from the officials of Indigo flight that they had to delay their flight scheduled to take off for Hyderabad at 1615 hrs after receiving a hoax call from Aditya, threatening of bomb.

They also asserted that the passengers were de-boarded from the flight and the luggages were brought back to security check again.

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coastaldigest.com news network
June 30,2020

Bengaluru, Jun 30: In an attempt to tackle unemployment amidst covid-19 crisis, the Karnataka state government has launched a job portal connecting employers and job seekers.

The portal, 'Skill connect' ( https://skillconnect.kaushalkar.com/ ) provides region-wise and sector-wise job listings. An interested candidate can register on the portal and either apply for jobs or can also seek skill training. 

As on Monday, the portal has 25 registered companies with over 2000 jobs available in various sectors. 

The portal works more or less on similar lines as that of any private job portal, except that those posting jobs and candidates searching for employment will have to register with the Skill Development Department. 

Launching the portal on Monday, Chief Minister BS Yediyurappa hoped that the portal would provide an impetus to job creation, as well as the economic revival of the state. 

Deputy Chief Minister Dr. C.N. Ashwath Narayan who is also the skill development Minister added, "All these years, there was no information and communication between job seekers and recruiters. This portal will solve that problem."

Also, until now, there hasn't been comprehensive information either on those seeking jobs or those looking for employees. The skill development efforts have not been in sync with the market. All these issues would be addressed by the portal, he said. 

According to Karnataka Skill Development Authority Managing Director Ashwin Gowda, the portal has already seen a response with about 68 applicants in just a day. 

Officials said even the organisations will have to register with the government while providing all documents concerned. The government aims to avoid any fake job advertisements through this. "We will also enable virtual interviews between the candidate and the employer," sources in the department told DH. 

Recently, the government had also launched a portal exclusively for migrants who had returned to Karnataka from other places. This was meant to work as a skill registry.

However, the portal that was launched on Monday, went a step ahead by connecting both the prospective employers and employees, according to officials in the department.

Comments

Pratibha m Hugar
 - 
Tuesday, 7 Jul 2020

Civil engineering jobs 

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