Tempers are running high on PM Modi’s demonetisation move. The Narendra Modi government has come under severe criticism from the Opposition for its move to demonetise old Rs 500 and Rs 1000 notes. The reaction on the ground has, however, been mixed. While most people have lauded the move to check black money and corruption, many have said that the implementation, especially when it comes to availability of currency, should have been much better. Recently Nirmala Sitharaman on a NDTV show took some questions from JNU students. One student kept on asking her questions without letting her speak! She tried numerous times to make her point but was not able to as the argumentative student kept on interrupting her. Irritated and upset she gave him a taste of his own medicine.
Meanwhile, struggling to deal with growing anger among the public over cash crunch, the Modi government is issuing new guidelines every few days. These are based on public feedback and are aimed at reducing the problems that common man is facing, following the massive demonetisation drive. The government has also warned that those who are using other people’s bank accounts to convert their black money will be severely punished. Not only that, those who allow their accounts to be misused for this purpose will also face prosecution.
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ATMs are progressively getting recalibrated. As and when they are recalibrated, the cash limit of such ATMs will stand enhanced to Rs 2500 per withdrawal. This will enable dispensing of lower denomination currency notes for about Rs 500 per withdrawal. Other ATMs which are yet to be recalibrated, will continue to dispense Rs 2000 till they are recalibrated. Various news reports suggest that queues outside banks and ATMs are getting shorter, and the situation is expected to further ease in the coming days.