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LIVE Big announcement by PM Narendra Modi

NEW DELHI:  Prime Minister Narendra Modi, addressing the country tonight, declared that Rs. 500 and Rs. 1000 notes won't be used from time of day ahead. The Rs. 500 and Rs. 1000 notes should be deposited at post offices and banks by the top of Dec, the PM aforesaid, adding the move was essential to fight "the illness of black cash."

Here area unit the highlights from his address:
Some vital selections and a few serious problems to share.
When you electoral this government in 2014, world was talking regarding Bharat being shaky economically. however Bharat is currently AN economic star - this can be what United Nations agency and International Bank for Reconstruction and Development area unit expression.
Sab Hindu deity sarkaar, sab Hindu deity vikas - governance and progress for all is our locution. we have a tendency to area unit centered on management of the poor. A series of schemes we've got introduced all aim at this. this can be a government for our farmers.
Corruption and black cash area unit diseases unmoving during this country, they're obstacles to our success.
We area unit among fastest-growing economies, however we have a tendency to additionally rank therefore high in world corruption rankings.
Terror strikes at the innocent. UN agency funds these terrorists? Across the border, our enemy uses pretend currency and dodgy funds to sponsor terror - this has been verified repeatedly.
Terror strikes at the innocent. UN agency funds these terrorists? Across the border, our enemy uses pretend currency and dodgy funds to sponsor terror - this has been verified repeatedly.
Our measures to envision black cash area unit paying off. A voluntary speech act theme for unavowed cash saw a decent response. A Special investigation Team is creating make determine UN agency has sent cash abroad.
1.25 100000 crores of black cash has been recovered.
We need to require a brand new solid step to fight black cash. From currently on, Rs. 500 and Rs. a thousand notes won't be used. Have fifty days to show them into banks and post offices.
On Nov nine and in some places on Nov ten, ATMs won't work.
Respite for folks for the initial seventy two hours, government hospitals can settle for recent Rs. five hundred and a thousand notes until 11 November time of day.
Petrol pumps and shops can got to keep each clerking of money dealing with five hundred and a thousand notes until Armistice Day.
Crematoriums and cemeteries will be allowed to interact five hundred and a thousand notes until Armistice Day.
There will be no modification in the other kind of currency exchange be it cheque, DD, payment via credit or debit cards etc.
Those unable to deposit Rs. 1000, Rs. five hundred notes by Dec thirty for a few reason, will modification them until March thirty one, 2017 by furnishing ID proof
Notes of Rs. 2000 and Rs. five hundred are circulated shortly, tally has determined to limit the notes with higher worth

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