A bank employee applying ink to a customer on exchange of 500 and 1000 rupee currency notes at a SBI branch in New Delhi. (Photo: PTI)
On November 8, 2016, Prime Minister Narendra Modi announced his government's demonetisation drive in a shock move. Today, on the anniversary of India's biggest-ever monetary gambit, the government and the Opposition are heading for a clash as they observe the 'anti-black money day' and 'black day', respectively.
While the political parties duke it out, the impact of the note ban and all its possible consequences are still being debated.
Here is PM Modi's 2016 speech announcing the note ban:
First Published: Nov 08 2017 | 10:33 AM IST