Prime Minister Narendra Modi today announced that Rs 500 and Rs 1000 banknotes would be withdrawn from the financial system at midnight, saying it was part of a crackdown on rampant corruption. In an unprecedented move, Prime Minister Narendra Modi addressed the nation through Doordarshan, India's state television. This is the first time Modi addressed the nation in this manner since he was elected more than two years ago. (Photo: ANI)The new Rs 500 note. (Photo: ANI)The new Rs 2000 note.

Source: India Today November 08, 2016 14:28 UTC