1. FM Arun Jaitley encourages digital transaction, urges citizens to maintain calm

FM Arun Jaitley encourages digital transaction, urges citizens to maintain calm

On the occasion of the demonetization drive of Rs 500 and Rs 1000 currency notes, the Finance Minister (FM) Arun Jaitley today addressed the press to clarify certain questions that have risen over past few days.

By: | New Delhi | Updated: November 12, 2016 4:28 PM
Finance Minister Arun Jaitley (ANI) Finance Minister Arun Jaitley (ANI)

On the occasion of the demonetization drive of Rs 500 and Rs 1000 currency notes, the Finance Minister (FM) Arun Jaitley today addressed the press to clarify certain questions that have risen over past few days. The FM congratulated the people of the country to have shown extraordinary courage and patience during this testing times.

The FM said that any kind of stories and rumours surrounding the chip in the Rs 2000 currency note is at best false and that people should not pay any kind of attention to these rumors.

“It is a big regret that people are inconvenienced, because a replacement of this magnitude was bound to cause some problems. People have really shown maturity and patience. The situation is inconvenient but not chaotic.”

“The MGNREGA workers are also getting wages in their bank account then why will there be an exception for wholesale traders? The RBI has taken enough measures to secure the currency notes even then if there is any attempt to duplicate then there will be strict action” said the Finance Minister

The FM clarified that in the occasion of ‘guru purnima’ the states that have scheduled holidays, banks in those states will remain closed on Monday. Others will remain be open.

In the short run obviously there will be some disruptions. As against this the medium and long term benefits will be big for the people and the economy, said Arun Jaitley in the closing of the press interaction

  1. A
    Arvindan
    Nov 12, 2016 at 12:43 pm
    You can only say this now. The w ber made by your Ministry and PM without having sufficient New Rupee notes and small denomination notes have put the public in great worry and trouble. None of you it seems either have not done the correct home work of how to tackle the problematic situation and because of this the common man is suffering a lot in all respect right from buying sabji till travelling to other places without having the small denomination notes. 2000 rupee note is out but there is no change for giving back to the tenderer by taker. They simply say either you give change or buy for the total amount of 2000 rupees. there is no change for giving back the balance. How will you know the pain of a common man unless u come to the street personally and stand on the que of any Bank.
    Reply
  2. K
    Krishna
    Nov 13, 2016 at 12:40 am
    So to conclude, you will not do anything for the inconvenience caused to public,
    Reply
  3. J
    jai
    Nov 12, 2016 at 12:49 pm
    It is not possible to have adequate notes lying in storage. Spend 5 minutes understanding the supply chain.
    Reply
  4. J
    jai
    Nov 12, 2016 at 12:47 pm
    its about time we go digital
    Reply

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