1. Arun Jaitley on Demonetisation: No question of roll-back; regret people’s inconvenience

Arun Jaitley on Demonetisation: No question of roll-back; regret people’s inconvenience

He regretted the inconvenience caused to people: "In 7 days banks have brought down the rush, there is no panic. Unfortunate that some people were inconvenienced."

By: | New Delhi | Updated: November 17, 2016 6:07 PM
arun jaitley, arun jaitley on demonetisation roll back, roll back of demonetisation pm narenndra modi, modi. arvind kejriwal, mamata banerjee, atms “In last few days we received complaints, and now we have reduced the figure because we don’t want any trouble,” he said. (AP)

Finance Minister Arun Jaitley on Thursday said that there is no question of roll-back the decision to demonetise Rs 1000 and Rs 500 notes. Jaitley said that entire decision is very well planned and executed move. Speaking on the issue of ATMs being non-functional, he said that the machines are being recalibrated with “war efforts”. Explaining the reasons for reducing exchange limits to Rs 2,000 from Rs 4,500, he said that the decision has been taken to reduce the misuse of money. “In last few days we received complaints, and now we have reduced the figure because we don’t want any trouble,” he said.  The minister lauded banks’ efforts in dealing with the situation, he said: “I would like to complement the bank employees on their commendable job, they have dealt with crores of rupees in last 7 days.”

He also regretted the inconvenience caused to people: “In 7 days banks have brought down the rush, there is no panic. Unfortunate that some people were inconvenienced.” Jaitley further attacked political parties for their protests and harsh comments. “What is the vested interest of Congress party that they are comparing this decision with Uri attack,” Jaitley said.

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“I think it is a matter of cold feet that opposition parties are running away from the debate,” he added. “I must say that most CMs across the country have supported the decision, only some CMs are opposing it,” he said in apparent reference to West Bengal CM Mamata Banerjee and Delhi CM Arvind Kejriwal.  “I appeal every citizen to support our initiative, unnecessary panic is being created by some ministers,” added Jaitley.

Calling demonetisation drive as the ‘world’s largest money exchange mission’, Jaitley said the program will be completed in a few days.  “It is the govt’s prerogative as to who will reply to a debate,” Jaitley said on opposition demanding PM’s presence in RS

 

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