PM Narendra Modi has asked people to give him feedback on his decision to outlaw Rs 500 and 1,000 notes
Highlights
- PM says he wants "your first-hand view" of currency ban
- PM asks people to rate the reform on his app
- 500 and 1,000-rupee notes banned to fight tax evasion
Prime Minister Narendra Modi has asked people to log onto his app to provide him feedback on his decision to outlaw 500 and 1,000 rupee notes.
The PM tweeted, "I want your first-hand view on the decision taken regarding currency notes. Take part in the survey on the NM App. http://nm4.in/dnldapp "
On November 8, PM Modi in an unscheduled televised address announced that just hours later, the high-denomination notes would be invalid for any transactions. They must be deposited in banks by the end of the year.
Though the move has generally been positively reviewed for its initiative in fighting tax evasion and corruption, it has left lakhs of people, particularly in rural India, without any cash. The new notes of Rs 500 and Rs 2,000 are in short supply, banks run out of them quickly, and ATM machines need to be updated to handle the new currency, whose size is larger than the bills that are now illegal.
In parliament, the opposition has attacked the government for punishing the poor, excluded from the banking system, through a reform intended to identify and penalize the corrupt rich.
In a series of speeches, the
PM has asked people "for just 50 days" (till December 30) to flush out black or untaxed money. He has also said he is confident that they will bear with "some temporary inconvenience" for the long-term interest of the country.
In a speech to his party's lawmakers this morning,
PM Modi was emotional as he said the opposition is deliberately misinforming the public about the reform.