Black Money Crackdown: Demonetisation of Rs 500, Rs 1000 Notes.
InvestoPlanner View Point; 09 November 2016
Very Simple and Highly Beneficial for Common Citizens and Honest Tax Payers; Very Tough and Highly Complicated for Corrupt and Black Money Holders
Government of India, led by Prime Minister Narendra Modi demonetized Rs 500, Rs 1000 currency notes from midnight November 08th 2016, in a major crackdown on black money, fake currency and corruption. This is a historic step to fight black money, which came as a shocker to black marketers, hoarders and corrupt. There could be some minor inconveniences to common citizens, but these are short term and provide significant long term benefits.
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