AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.34 Increased By ▲ 0.64 (0.5%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.53 Decreased By ▼ -0.07 (-1.52%)
DCL 9.24 Increased By ▲ 0.45 (5.12%)
DFML 41.58 No Change ▼ 0.00 (0%)
DGKC 87.06 Increased By ▲ 1.27 (1.48%)
FCCL 32.60 Increased By ▲ 0.11 (0.34%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 111.75 Increased By ▲ 0.98 (0.88%)
HUMNL 14.84 Decreased By ▼ -0.23 (-1.53%)
KEL 5.05 Increased By ▲ 0.17 (3.48%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.86 Increased By ▲ 0.34 (0.84%)
NBP 61.40 Increased By ▲ 0.35 (0.57%)
OGDC 195.55 Increased By ▲ 0.68 (0.35%)
PAEL 27.55 Increased By ▲ 0.04 (0.15%)
PIBTL 7.69 Decreased By ▼ -0.12 (-1.54%)
PPL 153.30 Increased By ▲ 0.77 (0.5%)
PRL 26.75 Increased By ▲ 0.17 (0.64%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 83.51 Decreased By ▼ -0.63 (-0.75%)
TELE 7.86 Decreased By ▼ -0.10 (-1.26%)
TOMCL 36.48 Decreased By ▼ -0.12 (-0.33%)
TPLP 8.95 Increased By ▲ 0.29 (3.35%)
TREET 17.00 Decreased By ▼ -0.66 (-3.74%)
TRG 59.15 Increased By ▲ 0.53 (0.9%)
UNITY 27.51 Increased By ▲ 0.65 (2.42%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,960 Increased By 768 (0.82%)
KSE30 29,500 Increased By 298.4 (1.02%)

Prime Minister Narendra Modi Sunday made an emotional appeal to people to make India graft-free, as chaotic scenes erupted outside banks nation-wide after high denomination notes were pulled from circulation. Modi surprised the country Tuesday night when he announced that 500 ($7.50) and 1,000 rupee notes would no longer be legal tender, in a design to tackle widespread corruption and tax evasion.
Customers can exchange their old bills for new ones or deposit them in their accounts until December 30. But even after five days of the announcement, desperate people continued to line up Sunday for hours outside banks and ATMs, with many running out of cash by the afternoon and prompting anger against the government's latest anti-corruption measure.
"People are going through great pains. I feel that pain. This scheme is not born from arrogance. I have seen such adversities up close. I understand the trouble everyone is facing," Modi said at an event in western Goa state.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.