Housewife commits suicide after PM’s announcement

Hyderabad, Nov.10: A housewife, who recently sold a piece of land by accepting all cash in Rs 500 and Rs 1,000 denomination, committed suicide thinking that her money has become useless after the cancellation of high-value notes. This tragic incident happened in Shenagapuram village in Mahbubnagar district on Thursday. Kandukuri Vinoda, 55, reportedly sold her land for Rs 56.40 lakh recently as she needed money for her husband's medical treatment. She spent around Rs 2 lakh on the treatment, and the remaining amount was in cash as it is a common practice in rural areas. People don't operate bank accounts fearing that they will have to pay tax if the amounts are deposited in banks. Vinoda was shocked after Prime Minister Narendra Modi announced the demonetization of Rs 500 and Rs 1,000 currency notes on Tuesday night. Her sons also had admonished her for making the transaction despite their advice. She took the PM's words that "all the cash in these denominations is no longer a legal tender," and upset with the developments at home, she hanged herself at night after all family members were asleep. Police are investigating.