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It’s a masterstroke: Parsekar

Chief Minister Laxmikant Parsekar welcomed the decision of PM Narendra Modi to declare all notes of Rs 500 and Rs 1,000 invalid by Tuesday midnight, calling it a masterstroke and a move that checkmated those dealing at black money.

PANAJI : 

He also asked that people do not panic and that if they do not have black money, they have no reason to panic.   
“It is a bold decision that can only be done by a man with a 56-inch chest. It is a benefit for the common man and the taxpayer and ultimately the nation,” Parsekar said.   
“But for those who hoard money in suitcases, those politicians who were hoping to win elections with the power of money are checkmated,” Parsekar said, adding that with black money vanishing from the market, it will bring down inflation.   
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From today, your `500, `1,000 notes are invalid

  50-day window to exchange notes   Banks, ATMs to be closed today   `500, `1,000 to have new design

PTI
Published Nov 9, 2016, 5:43 AM IST
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New DelhiHigh denomination notes of Rs 500 and Rs 1,000 will no longer be legal tender from Tuesday midnight, as Prime Minister Narendra Modi announced as he declared a “decisive” war against black money and corruption while disclosing a raft of steps to assure commoners that their money is safe.  In his first televised address to the nation two-and-a-half-years after assuming office, he announced a 50-day window from November 10 to December 30 for those having these…

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