4th Anniversary of Note Ban:

Real aims and false claims

8th November 2020 marks four years since the day when Prime Minister Narender Modi announced at 8 pm, that all 500 and 1000 rupee notes in circulation would be considered illegal tender after midnight. Prime Minister Modi presented the Note Ban as a crusade against the growing inequality of wealth, against corruption and terrorism. He claimed that the aim was to unearth the black money hoarded by corrupt persons and deploy it for the benefit of poor hardworking people. People were given 50 days to deposit the 500 and 1000 rupee notes in their possession in banks.

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