1. Gujarat CM Vijay Rupani dials Arun Jaitley, RBI chief Urjit Patel on co-op banks note swap ban

Gujarat CM Vijay Rupani dials Arun Jaitley, RBI chief Urjit Patel on co-op banks note swap ban

Gujarat Chief Minister Vijay Rupani today spoke to Union Finance Minister Arun Jaitley and RBI Governor Urjit Patel apprising them of problems faced by farmers due to ban on deposit of defunct notes and cash withdrawals from District Central Co-operative Banks (DCCBs).

By: | Ahmedabad | Published: November 22, 2016 11:55 PM
"Rupani requested them to come out with a solution to the problem and ensure people do not face trouble in withdrawing Rs 2.5 lakh for marriage ceremonies," he said. (File photos) “Rupani requested them to come out with a solution to the problem and ensure people do not face trouble in withdrawing Rs 2.5 lakh for marriage ceremonies,” he said. (File photos)

Gujarat Chief Minister Vijay Rupani today spoke to Union Finance Minister Arun Jaitley and RBI Governor Urjit Patel apprising them of problems faced by farmers due to ban on deposit of defunct notes and cash withdrawals from District Central Co-operative Banks (DCCBs).

“The CM talked to the Finance Minister and the RBI Governor over phone and told them about problems being faced by farmers due to a ban on deposit and withdrawal of notes from district co-operative banks,” Gujarat BJP spokesperson Bharat Pandya said in a release.

“Rupani requested them to come out with a solution to the problem and ensure people do not face trouble in withdrawing Rs 2.5 lakh for marriage ceremonies,” he said.

During his conversation with Patel, Rupani stressed on the need to ensure that there is no communication gap between RBI and other banks, it said.

The release said that Gujarat Deputy Chief Minister Nitin Patel, who also holds the Finance portfolio, is in constant touch with the Union Finance Ministry and the RBI to resolve problems faced by citizens in exchange, deposit and withdrawal of bank notes after the November 8 demonetisation.’

People in rural areas are facing a lot of hardships as they are not able to get money out of banks due to a ban on exchanging or accepting scrapped notes imposed by RBI on DCCBs, it said.

Pandya targeted Congress for questioning the Centre’s demonetisation move, saying the Opposition party does not have any moral authority to question the exercise that is aimed at weeding out black money and fighting corruption.

“A party that committed corruption of Rs 10 lakh crore in its 10-year rule should first give account of its own deeds and provide explanation for tarnishing India’s reputation globally,” he was quoted as saying in the release.

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