The decision to scrap Rs 500 and Rs 1000 currency notes was taken to create a "corruption-free" India, Prime Minister Narendra Modi said on Wednesday as a number of celebrities welcomed the step.
The Prime Minister added that the public has 50 days (from 10 Nov to 30 Dec) to deposit notes of Rs 500 and Rs 1000 in any bank or post office, and exchange these notes for denominations of Rs 100 or lesser.
Among those who welcomed the decision were film personalities Karan Johar, Rajnikanth, Ajay Devgn, Kamal Hasan, Nagarjuna, Ritesh Deshmukh, Subhash Ghai, Siddharth Malhotra, cricketer Anil Kumble and Harbhajan Singh who tweeted to the Prime Minister, praising him for the bold move.
A welcome bold&courageous step by PM Modiji towards nation building.Each 1of us shld cooperate in d larger interest of d nation #BlackMoney— Anushka Sharma (@AnushkaSharma) November 8, 2016
100 सोनार की, 1 लोहार की।— Ajay Devgn (@ajaydevgn) November 8, 2016
First it used to be keep the change. Now it will be give me the change, keep the big note!— Chetan Bhagat (@chetan_bhagat) November 8, 2016
Rajinikanth (@superstarrajini) November 8, 2016
Reducing black money is much needed but eventually we need better infrastructure & way more inroads in other aspects not only money matters— Arjun Kapoor (@arjunk26) November 8, 2016
Whatever the repercussions of the 500/1000 are,we will forget in 48 hrs and continue to get up in morning and sleep at night ..so just chill— Ram Gopal Varma (@RGVzoomin) November 8, 2016
Maths question today:— Sunil Grover (@WhoSunilGrover) November 8, 2016
500 rupees plus 10 Rupees is how much..
Sir! 10 rupees.
T 2435 - the new 2000 rs note is PINK in colour ... the PINK effect ..!!— Amitabh Bachchan (@SrBachchan) November 8, 2016
PM Modi ji. Ball out of the stadium. Wohaaaaaa!!!! De monetisation is the right answer. Congratulations!— Rishi Kapoor -"Book" (@chintskap) November 8, 2016
This is truly a masterstroke move!!!! @narendramodi hits it out of the stadium!!!! 🇮🇳— Karan Johar (@karanjohar) November 8, 2016
The Prime Minister said, "All of us have to work shoulder to shoulder and create a prosperous, inclusive and corruption free India."