Demonetisation: From tonight, you will not be able able to buy metro, bus, train tickets with old Rs 500 notes

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Published: December 9, 2016 7:54:40 PM

The withdrawn exemptions apply to payments at railway ticketing counters, ticket counters of government and Public Sector Undertakings, buses for purchase of tickets and for catering services, during travel by rail.

Demonetisation, Cash Ban, 500 note ban, BJP, Narendra Modi, Supreme Court, Note Ban, Old 500 notes, Railways, Metro, BusesThe withdrawn exemptions apply to payments at railway ticketing counters, ticket counters of government and Public Sector Undertakings, buses for purchase of tickets and for catering services, during travel by rail. (Source: PTI)

Demonetisation: Government has withdrawn the exemptions given for the use of old Rs 500 notes from midnight of December 9, 2016 (tonight). The withdrawn exemptions apply to payments at railway ticketing counters, ticket counters of government and Public Sector Undertakings, buses for purchase of tickets and for making payments to catering services on board, during travel by rail. The move will also apply to making payments for purchasing tickets for travel by suburban and metro rail services.

In a statement released by the Finance Ministry, it was mentioned that the government has been reviewing various operational aspects of the matter related to the cancellation of the legal tender character of old high denomination notes of Rs 500 and Rs 1,000. It said that there has been a declining trend in the receipt of these old currency notes.

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Further, a number of steps have been taken for promoting digital transactions, said the statement further. Keeping the above in view, the exemptions that have been given for use of old Rs 500 notes, were re-examined by the Government and the decision to withdraw the exemption taken.

Yesterday, it was announced by the government that exchange of old Rs 500 notes will no longer be accepted at any government or private sector units after December 9 midnight.

Today, the Supreme Court asked the central government to justify whether its decision to bring in demonetisation was taken in absolute secrecy while hearing a bunch of petitions questioning Prime Minister Narendra Modi and his government’s rationale behind the execution of the policy. The SC also said it wanted to know Centre’s stand on the demand for extending the order for hospitals to accept the fees in the banned Rs 500 and Rs 1000 notes.

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