New Delhi: Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1000 currency notes seems to have backfired. Besides anger on the streets and confusion in markets, Modi also appears to be facing a backlash on Twitter – a medium where he has ruled the roost for long.
Modi’s twitter following was fell by over 3 lakh on 9 November, a day after he made the announcement on national television.
According to data available through the analytical service Twitter Counter, Modi lost 3.13 lakh Twitter followers on Wednesday 9 November.
Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption.
In his first televised address to the nation, Mr. Modi said people holding notes of Rs. 500 and Rs. 1000 can deposit the same in their bank and post office accounts from November 10 till December 30.