withdrawal rs 500 ,1000 notes

Good idea to bring out the unaccounted money into mainstream. But it is impossible to replace the entire amount by 100 rs and 50 rs notes.Instead govt may give plastic cards with the value of 5000, 10000 which could be swiped or encashed with some limits.transferable cheques can also be considered.

But immediate action is needed to curb the cash flows between people without the knowledge of the govt.