From Wednesday, 500 and 1,000 rupee notes will be scrapped, PM Narendra Modi said. NEW DELHI: To stop the spread of counterfeit notes, which is aiding terror activities from across the border, and flush out black money, the government has decided to scrap the notes of Rs. 500 and Rs. 1000, Prime Minister Narendra Modi said on Tuesday. Starting midnight, these notes will only be “worth the paper they are printed on,” he said. A proposal...