1. Demonetisation: On 10th day of implementation, ‘never-ending’ queues continue, even as ATMs run out of cash

Demonetisation: On 10th day of implementation, ‘never-ending’ queues continue, even as ATMs run out of cash

With the note-ban policy by the Modi-government reaching its tenth day, long queues are still visible outside banks and ATMs, while many still in the queue till the ATMs run out of cash.

By: | New Delhi | Updated: November 18, 2016 11:39 AM
In several places people started gathering outside the banks and ATMs from the night itself, to confirm their access to usable cash, as soon as the banks open in the morning. (AP) In several places people started gathering outside the banks and ATMs from the night itself, to confirm their access to usable cash, as soon as the banks open in the morning. (AP)

As the Prime Minister Narendra Modi initiated the demonetisation policy on November 8, public distress continues among common people, with many standing on never-ending queues outside banks and ATMs, waiting for their chance to exchange old currency notes or withdraw new notes to meet their daily needs. With the note-ban policy by the Modi-government reaching its tenth day, long queues are still visible outside banks and ATMs, while many still in the queue till the ATMs run out of cash.

In several places people started gathering outside the banks and ATMs from the night itself, to confirm their access to usable cash, as soon as the banks open in the morning.

There had been a chaotic situation through out the country, since the implication of the demonetisation policy by the Narendra Modi-led central government. The government implemented the ban on Rs 500 and Rs 1,000 notes, replacing them with currency notes of smaller denomination or the newly circulated Rs 2,000 notes, citing the increase in the flow of black money in the country.

Accusing the government of escalating public distress, opposition parties had locked horns with the government, with most of them calling for a roll back of the policy. Oppositions had also planned to corner the central government over the anti-graft policy in the parliament. With oppositions raising uproar over the issue, in both the houses, the Lok Sabha, today, had been adjourned till 12 pm. The Rajya Sabha had also been adjourned till 12 pm for the second time. This is the third day, in a row, that the issue had heated up the parliamentary debate.

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