long article on demonetisation
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when PM MODI announced that rs. with the demmonetisation of 500-/ and 1000-/ would cease to be the legal tender from 9th of November the whole country was stunned .This decision caused sension on the whole country.Social media was flooded with messages and information.People starting counting the trash they have accumulated for years legally or illegally.
Rumours because rife.Some tired to invest their money in gold.Some contacted their dear or near in this miserable hour.People would get only 4000-/ of old denomination exchanged with the new one .Big queues before the bank and ATMs became the order of the day .
Instead of getting shorter these queues were getting long day by day.The last date of this process was 30th December.The persons could deposit old cash worth RS.2.5 lac till the Said date .
The main objective of this was to curb the black money,corruption and fake money menace .The whole opposition shook hand against this move under one pretence or the other .They called the decision as draconian law and the government to roll back it .Tirades were make to target the decision. Government also carried out counter attacks.
The new currency which replaced the old one is of denomination of 500-/ and 2000-/ .Thought the people faced a lot of inconvenience owning to shortage of funds,they didn't criticize the government to move.Even they lauded the MODI government for this big move.Prime minister also addressed the people many times by telling the people that it was the mahayajana and they must offer their own ahuti in it..
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Rumours because rife.Some tired to invest their money in gold.Some contacted their dear or near in this miserable hour.People would get only 4000-/ of old denomination exchanged with the new one .Big queues before the bank and ATMs became the order of the day .
Instead of getting shorter these queues were getting long day by day.The last date of this process was 30th December.The persons could deposit old cash worth RS.2.5 lac till the Said date .
The main objective of this was to curb the black money,corruption and fake money menace .The whole opposition shook hand against this move under one pretence or the other .They called the decision as draconian law and the government to roll back it .Tirades were make to target the decision. Government also carried out counter attacks.
The new currency which replaced the old one is of denomination of 500-/ and 2000-/ .Thought the people faced a lot of inconvenience owning to shortage of funds,they didn't criticize the government to move.Even they lauded the MODI government for this big move.Prime minister also addressed the people many times by telling the people that it was the mahayajana and they must offer their own ahuti in it..
I hope you like this answer
please mark as brainliest and click on red heart button........ :)
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