Prime Minister, Narendra Modi gave a shock to whole India on Nov 8, 2016 when he announced Rs 500 and Rs 1000 ban. The step was taken by the Govt. to give a life lesson to black money owners. But more than the black money owners it affected lives of the poor and common people. According to Catchnews, the death toll by demonetisation reached 82 and counting.
In these 28 days the country also saw a huge cash crunch. Even after limiting the withdrawal amount of an individual RBI and Govt. has fully failed in overcoming the cash crunch. Now again RBI has taken a step of issuing new Rs 20 and Rs 50 notes. The question that arises here now is; Will the old Rs 20 and Rs 50 also get banned? To know click on the next page for the full details.