Some call Modi ‘Tughlak,’ others say PM had to ban something, ‘NDTV na sahi note hi sahi’

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Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night 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.

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.

You can read the full report here to understand how the PM’s announcement affects you.

But the move has prompted the social media users to draw their own inferences. Some quirky, some serious but largely cautions early comments.

Here are some reactions;

https://twitter.com/MalikSajad/status/796017266219323392

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