New Delhi: All speculations of a rollback of the demonetisation were put to rest when Union Finance Minister Arun Jaitley on Thursday cleared the air. Also, in a move to provide relief to a higher number of people, the central government reduced the notes exchange limit at banks from Rs 4,500 to Rs 2,000, effective Friday.
The FM further said that the decision to allow withdrawals of up to Rs 2.5 lakh from the bank account of a single family member for people with marriages will come as a big relief to the common man.
While addressing the media on Thursday, Arun Jaitley said that there is particularly no shortage of currency in the nation to cope up with the millions lined up outside banks and ATMs to withdraw, deposit or exchange old notes of Rs 500 and Rs 1000.
Jaitley, while speaking to the media said, “There is a great regret that some people faced inconvenience. But the larger object of interest is to squeeze the quantum of currency.”
Lauding the support by the banks and its employees for helping the commoners over the demonetisation move, Arun Jaitley said, “ATMs are being recalibrated on a war footing.”
Hitting out on Delhi CM Arvind Kejriwal and TMC supremo Mamata Banerjee-led protest in the national capital, the Finance Minister said, “Most chief ministers across the country have not only supported this but used their apparatus to support this. I appreciate this.”
He also commented on the alleged comparison between demonetisation and Pakistan terror attacks, made by Congress’ leader Ghulam Nabi Azad on Thursday in Rajya Sabha, he said, “Congress as a national party must support it instead of obstructing. Comparing it with Pakistan terrorism is irresponsible.”
First Published | 17 November 2016 8:21 PM