Rs. 500 and Rs. 1,000 notes valid till November 24
A day after Prime Minister Narendra chaired a meeting to review the demonetisation of Rs. 500 and Rs. 1,000 notes and its impact, Economic Affairs Secretary Shaktikanta Das on Monday announced that the now-defunct currency would be accepted at government hospitals, petrol stations and toll booths till November 24.The Prime Minister’s meeting came amid continuing chaos and growing public anger across the country over limited cash availability following the surprise demonetisation of two higher value currency notes.
On Sunday, the cash withdrawal limit at ATMs was hiked to Rs. 2,500 from Rs. 2,000 a day.
The weekly limit of Rs 20,000 for withdrawal from bank counters has been increased to Rs. 24,000. The maximum limit of Rs. 10,000 per day on such withdrawals has been removed. More…
Banks closed today; queues get longer at ATMs
Cash-strapped people were seen standing outside ATMs from early morning but had very little success as most of the machines were running dry. Scuffle and heated exchanges at ATMs were reported from many parts of the country.
Congress, TMC meet to plan united fight in Parliament
Congress and TMC leaders will discuss and chalk out a strategy to counter the Centre on the demonetisation issue during the Winter Session of Parliament.
The Leader of Opposition in Rajya Sabha, Ghulam Nabi Azad, and the Congress leader in Lok Sabha, Mallikarjun Kharge, will meet TMC leader Sudip Bandyopadhyay, sources said.
U.P. Congress leader backs move
Our correspondent Smita Gupta reports that Congress leader Harikesh Bahadur has come out in support of the government’s move to scrap the notes. Mr. Bahadur, on Monday, issued a statement saying,”The decision to ban Rs. 1000 / Rs. 500 currency notes is a correct and a necessary measure to restore financial discipline and regulate the economy. It will unearth black money and act as a deterrence on generation of black money. All citizens should prepare themselves to tolerate minor hardship for some time for development of the nation and prosperity of the people.(sic)” More…
Mamata calls up Yechury, but to no avail
A day after she urged all the Opposition parties, including the CPI(M), to unite against the Centre’s decision to demonetise notes, Chief Minister Mamata Banerjee said she called up President Pranab Mukherjee and CPI(M) general secretary Sitaram Yechury on Sunday.
“Ms. Banerjee made a frantic call to Mr. Yechury today [Sunday] afternoon when he was travelling. The Chief Minister urged him to unite against the centre. But Mr. Yechury said that he would only be able to take a call on the matter after discussing it within the party,” CPI(M) Polit Bureau member and MP Md. Salim told The Hindu.
Source: The Hindu
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