currency - Electronic Gurudev

Narendra Modi Speech Highlights: Indian Prime Minster Narendra Modi addressed citizens of the nation on New Year’s Eve, 31st December 2016. PM Modi had addressed public after the end of his 50st-day trial period of demonetisation came to an end on December 30. After demonetisation, Modi had said: “Help me for 50 days and I will give you the India you desired.” Here are the top initiatives PM had announced: For rural poor Home loans in villages up to Rs 2 lakh to get 3% interest exemption, available for building a new house or expanding an old one. In this fight against corruption and black money, it is clear that you wish to walk shoulder to shoulder with us 33% more homes to be built in rural areas under the Pradhan Mantri Awas Yojana (PMAY). 30 million Kisan c...

India has decided to end the use of Rs500 and Rs1,000 currency notes from Nov. 09. During a televised address late today (Nov. 08), prime minister Narendra Modi said that the drastic measure was taken to curb the flow of black money and prevent the counterfeiting of notes in Asia’s third-largest economy. The government will issue new Rs500 and Rs2,000 denomination notes. Account holders can deposit Rs500 and Rs1000 notes in banks and post offices over the next 50 days with proof of identification such as a PAN card or an Aadhaar card. ATMs in India won’t operate on Nov. 09 and Nov. 10 to facilitate the replacement process. Banks will also remain closed to the public on Nov. 09. This is, so far, the biggest move made by the Modi government to stop the circulation of illegal curr...

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Key Highlights from PM Narendra Modi Speech On New Year Eve

PM Modi just banned Rs500 and Rs1000 notes to fight corruption and terrorism