PM Narendra Modi makes a big bet to tackle corruption by discontinuing Rs 500, Rs 1,000 currency notes overnight. ... The government said it will shortly introduce new Rs 500 and Rs 2,000 notes.

SEE ALSO: India scraps Rs 500, Rs 1,000 notes overnight to tackle corruption, ... The Rs 500 note now comes in stone grey color, whereas the Rs 2,000 note carries a magneta-colored design.

"All big currencies should be abolished. Only then can we eradicate corruption," he added. In November 2016, the Indian government, led by PM Modi, banned old Rs 500 and Rs 1000 notes.

How to curb corruption? Scrap Rs 500/1,000 notes! Last updated on: January 18, 2011 09:00 IST. Photographs: Reuters Amod Kumar and Sandeep Pandey.

The notes can be used for utility services like water and electricity bills. In a radical move to curb corruption, Prime Minister Narendra Modi on Tuesday declared Rs. 500 and Rs. 1000 bank notes ...

He said the decision was taken to root out the menace of black money and corruption. Notes of Rs. 100, Rs. 50, Rs. 20, 10, Rs. 5, Rs. 2 and Re. 1 remain legal tender and will be unaffected by the ...

Andhra Pradesh Chief Minister N. Chandrababu Naidu has called for the abolition of Rs 500 notes, reigniting debate over high-value currency and corruption. In an exclusive interview with India ...

Some countries have eliminated high value notes to reduce corruption. India in 2016 eliminated the 500-rupee (about $7.69) and 1,000-rupee notes for this reason before bringing in new denominations .

Prime Minister Narendra Modi, on November 8, 2016, had demonetised the previous Rs 500 notes as a measure to fight corruption in the country and address the issue of counterfeit banknotes.

Chandrababu Naidu Demands Demonitisation Of Rs 500 Notes & Promotion Of Digital Payments To Curb Corruption (VIDEO) Addressing party workers at the TDP's Mahanadu program in YSR Kadapa district ...