It seems the PM Modi and co.wrongly estimated the financial statuses of the common people and consequences of his shocking decision of banning of Rs.500 and Rs.1000 notes with immediate effect. People who work on daily wages, people who do small time business and salaried people are also suffering to the core with the government's decision.
On the other hand, every ATM and petrol bunk across India witnessed longest queues. People have been perplexed to exchange their Rs.500 and Rs.1000 notes. The government is likely to make some amendments with its decisions.
Meanwhile, RBI governor informed that new Rs.500 and Rs.2000 notes will be in circulation from 10th November. The Congress party expressed its concern over with all of a sudden decision of the government. The party also questioned how could the black money be controlled if Rs.2000 notes are brought into circulation. The supporters of the decision, however, expressed their hope that the decision will control the the black money and terrorist activities in India.