India (PM Modi Ji) announced that the Rs. 500 and Rs. 1000 denomination currency will be dicontinued from 00.00 hours on 9th Nov. 2016. This is considered by noted economists as a major step towards bringing out un-accounted money in India.
Update as on 13/11/2016: As much as Rs. 50,000 Crore has been deposited in SBI (State Bank of India) alone. Cumulative deposits (in all banks) during first five days said to be around 4 lakh crore rupees.
Update 2: As on 18/11/2016, 5,44,000 crores has been deposited in banks.
There is huge support for PM Modi in favor of demonitization. Surprisingly, all opposition parties are rallying against the move, where as majority of the people are behind Modi.
Checkout Modi’s app: http://www.narendramodi.in/downloadapp