New Delhi: In a move which may not be well received nationwide, the deadline to curb the old Rs 500 note has now been rolled back from December 15 to December 2. The Centre had earlier extended the deadline for use of the old Rs 500 notes at petrol pumps and airline counters till Dec 15.
As per the new notification released by the Government of India, from December 3, the citizens of India will not be able to use their old demonetised Rs 500 notes to purchase gas, fuel and diesel even from the stations operating under authorisation of public sector oil marketing companies. This notification also applies to buying airline tickets at airport counters. The deadline which was earlier extended for 72 hours and then to December 15, has now been rolled back to December 2 midnight.
Few of the key places which will not be accepting the old Rs 500 are:
1) Fuel purchase: Earlier, the government had exempted people from using old Rs 500 and Rs 1000 at petrol pumps throughout the nation, but with this new notification coming into place petrol pumps will be only operational with low denomination currency or new Rs 500 or Rs 2000 notes.
2) Airline ticket booking: The department which was earlier allowed to be operational with old Rs 500 and Rs 1000 will now be accepting only new notes.
3) Highway toll: The toll plazas which were made toll-free following the demonetisation and lack of low-denomination notes will again come into operation from December 3 midnight.
The Prime Minister of India, Narendra Modi, on November 8 had announced the decision of banning Rs 500 and Rs 1000 notes in order to put a halt to corruption brewing in the country. Since the demonetisation decision the government has constantly been reviewing the situation and has been announcing new guidelines for the policy every few days.