1. Rs 500 and Rs 1000 currency notes ban: More than 2 lakh ATMs are closed, money is not available, says Mamata Banerjee

Rs 500 and Rs 1000 currency notes ban: More than 2 lakh ATMs are closed, money is not available, says Mamata Banerjee

Seems that the demonetization drive undertaken by the government of India to ban Rs 500 and Rs 1000 currency note as a measure to crack down on black money may have reluctantly brought all opposition parties together

By: | New Delhi | Updated: November 12, 2016 10:46 PM
Mamata Banerjee (PTI) Mamata Banerjee (PTI)

Seems that the demonetization drive undertaken by the government of India to ban Rs 500 and Rs 1000 currency note as a measure to crack down on black money may have reluctantly brought all opposition parties together. Today Chief Minister (CM) of West Bengal (WB) Mamata Banerjee in an interaction with the media has revealed that people are facing lots of inconvenience as more than two lacs ATM machines are closed.

She said,”I personally visited several banks today to listen to tales of hardship of common people” said the Chief Minister of West Bengal. She further added that this anti-people, anti-poor govt has no moral right to continue in power. This is a dictatorship. She demanded the government to withdraw this draconian decision and take strong action against the real money launderers.

The Bengal CM said, “only one percent people hold black money; why are the other 99% being harassed for this’?” It may be contested that some of the issues she has raised should be addressed by the central government like non availability of bank branches in remote villages of not just in West Bengal but also in other parts of the country.

Calling it to be a surgical anarchy, Mamata cited that several economists have said that this demonetization drive will not affect black money. Mamata in a series of tweets expressed serious concern over the impact of the demonetisation of Rs 500 and Rs 1000 currency notes. She visited around 50 ATMs in Kolkata along with many other public and private sector banks and found that people are complaining that there is no availability of Rs 50 and Rs 100 currency note. What is even more painful is that after long hours of queue people are given Rs 2000 notes which is very difficult to exchange.

 

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