PM declares no to 500 and 1000 Rs notes

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Hey now there is a new issue we Indians are facing. Our PM Mr. Narendra Modi has declared 500 and 1000 Rupee notes will be discontinued. That means a huge trouble to many. This news broke out as a storm in India. The black marketers will now learn a lesson I think that higher denomination rupees are not allowed. But it cripples all economy too. I think government must have thought some other plans too. Like it has now encouraged new 2000 notes which will be soon accepted nationwide.