How Will The Common Man Benefit From Modi's Demonetisation Policy?

Bhubaneswar: In a surprise address to the nation on Tuesday evening, Modi said: "The notes of Rs 500 and Rs 1,000 will not be legal tender from midnight tonight"; "they will just be worthless piece of paper".

Some welcomed the prospect of putting an end to the black money menace, others showered praise on Modi for being able to keep such an important decision absolutely secret till the announcement. Yet others who argued the decision would be harsh on traders, while some were worried of having to get these notes exchanged.

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