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

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