1. Demonetiation: Modi govt sending cash to Big Bazaar but not banks, says Delhi CM Arvind Kejriwal

Demonetiation: Modi govt sending cash to Big Bazaar but not banks, says Delhi CM Arvind Kejriwal

Delhi Chief Minister Arvind Kejriwal on Tuesday spoke about the unavailability of cash in ATMs and said that the Narendra Modi government was sending the money to the Big Bazaars across the country.

By: | Published: November 29, 2016 1:45 PM
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Delhi Chief Minister Arvind Kejriwal on Tuesday spoke about the unavailability of cash in ATMs and said that the Narendra Modi government was sending the money to the Big Bazaars across the country. The Delhi Chief Minister asked if the central government should send money to the Big Bazaar instead of ATMs. Kejriwal retweeted the video taken by a man at the ICICI bank in Sector 18, Noida which shows the bank limiting the withdrawal limit to Rs 4000 which is against the government guidelines.

Earlier Big Bazaar had announced the facility to withdraw up to Rs 2,000 from its stores. CEO Kishore Biyani, in a tweet, said: “Now one can withdraw 2000rs from Big Bazaar using your debit card from this Thursday onwards.” A customer will need to swipe his card at the cash counter of the store, and in turn, he can take away up to Rs 2,000. the day demonetisation was announced by Prime Minister Narendra Modi, the company had declared that it will continue to accept old notes of Rs 500 and Rs 1,000.

While the government has talked about the availability of cash and the recalibration of ATMs at length with the public, the cash crunch still grips tight over the life of the common man. Long queues are still being spotted outside ATMs and banks. It has also been reported that many people have had to return disappointed after standing in these queues for hours as the banks and ATMs run out of money.

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