In a bold move to eradicate corruption and black money from the country, Prime Minister Narendra Modi late last evening surprised everyone by declaring Rs 500 and Rs 1,000 notes illegal post midnight. Of course, this unanticipated pronouncement got everyone flustered and confused, especially when Modi deemed the notes of no value after the midnight. Venting out concerns and surprise, people immediately took to social media with a salad bowl reaction. Also Read - Explained: Can Twitter get banned in India?Also Read - Twitter vs government: Twitter India loses legal protection for not complying with IT rules on time
To put it in perspective, Twitter has shared some insights how the micro-blogging platform was abuzz with tweets related to Modi’s announcements. According to the statistics shared by Twitter, within 12 hours of the announcement, a total of 470,000 tweets on the issue were posted online. The stats also reveal that the discussion on the declaration was at peak at 11:30PM, just a few hours after the Prime Minister took the mic, with people posting 2,000 tweets per minute at that time. Also Read - Twitter friends/followers seeking your unwanted attention could be Unmentioned
Twitter further shared that among the most searched terms on the site, IndiaFightsCorruption , Rs 500 and Rs 1,000 , Rs500Rs1000 , blackmoney , currency , corruption , ModiFightsCorruption , currencyban , surgicalstrikeonblackmoney , currencyswitch , blackmoneycrackdown , modiaddressesnation , notes , were among the top trending ones. ALSO READ: New Rs 2,000 note does not have a Nano GPS Chip
Additionally, Twitter Reverb data shows that during and soon after the announcement, five profile handles were the most liked and retweeted. Among the top five were the tweet by PMO India (@PMOIndia), Sri Sri Ravi Shankar (@SriSri), Reserve Bank of India (@RBI), Prime Minister Narendra Modi (@narendramodi), and Minister of Home Affairs Rajnath Singh (@rajnathsingh). At the time of filing the story, while the PMO s tweet from last night has over 5,500 retweets and 8,100 likes, Narendra Modi s tweet topped the most shared post list with over 12,000 retweets and more than 27,000 likes.
Despite all the nagging that came after the announcement because of all the inconvenience it was about to cause people in the country, Narendra Modi was widely appreciated for his bold move. Consequently, more than 12 hours after the announcement, the hashtag #ModiFightsCorruption is still among the top 10 world trend on Twitter. ALSO READ: Amazon, Flipkart stop CoD orders after Rs 500, Rs 1,000 notes abolished
Here s a look at some of the Twitter reactions on the announcement. While some people were crossed with the unforeseen announcement, some were extremely appreciative of the move to end the disease of black money in the country. And some (my favorite kinds) were absolutely hilarious, making the confusing-for-many news, colorful and funny for all.
This PM does not shy away from taking hard decisions. Just as he promised. You have to give it to him#ModiFightsCorruption
Manak Gupta (@manakgupta) November 9, 2016
These New Rs 500 And Rs 2000 Notes Are So Cute I Might Never Spend Them If I Get Them.#DeMonetisation #BlackMoney #ModiFightsCorruption pic.twitter.com/sdq0xEmXVC Sir Ravindra Jadeja (@SirJadeja) November 9, 2016
As an Indian, I am ready to go through some temporary inconvenience for the larger good of my country. And you? #ModiFightsCorruption
Virat Chirania (@viratchirania) November 9, 2016
Donald Trump:I’ll create history tonight.
Hillary Clinton:No I’ll create history.
Pooja Karle (@pkarle) November 9, 2016
Vikrant Yadav (@vik21_yadav) November 8, 2016
For people still unsure about the Rs 500 and Rs 1000 note rule, here’s what you need to know. While the use of these two currency notes has been deemed illegal since last night, they will still be accepted in cases of emergencies. For the next two days, these notes can be used for transactions at government hospitals, petrol pumps, crematoriums and cemeteries. Banks will remain closed today, that is November 9, and will be opened tomorrow for people to deposit their Rs 500 and Rs 1,000 notes. Everybody has till end of December 2016 to return the now old Rs 5000 and Rs 1,000 notes to the bank or the Reserve Bank of India. ATMs will remain shut today and tomorrow, that is November 9 and November 10, and from November 11, people will be able to withdraw the newly issued currency notes, however with a temporary withdrawal limit of Rs 2,000.