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  1. FM Arun Jaitley’s day out on Delhi streets; gets reality check at ATMs

FM Arun Jaitley’s day out on Delhi streets; gets reality check at ATMs

Union Finance Minister Arun Jaitley on Tuesday went to Cannaught Place (Rajiv Chowk) in the national capital to take stock of ATMs.

By: | New Delhi | Updated: December 13, 2016 1:50 PM
Union Finance Minister Arun Jaitley on Tuesday went to Cannaught Place (Rajiv Chowk) in the national capital to take stock of ATMs. (Reuters) Union Finance Minister Arun Jaitley on Tuesday went to Cannaught Place (Rajiv Chowk) in the national capital to take stock of ATMs. (Reuters)

It’s more than a month since demonetisation was announced by Prime Minister Narendra Modi but note crush is far from over. Tuesday morning witnessed long queues outside bank branches and ATMs in Delhi even as banks were opened after a 3-day long bank holiday. Union Finance Minister Arun Jaitley on Tuesday went to Cannaught Place (Rajiv Chowk) in the national capital to take stock of ATMs, an India Today report said. The central government has been consistently emphasising the fact that the ongoing cash crunch would improve within a few weeks, but looking at the current situation, it can be clearly understood that the common man is still suffering and improvement is nowhere near. Earlier, Finance Minister Jaitley had ruled out roll back of demonetisation saying the government is firm on cleansing politics and economy of the country.

A recent survey published by LocalCircles says that with the cash crisis continuing to trouble the common people, support for Modi government’s demonetising high denomination notes is declining day by day. Out of 8,526 people who participated in the survey, 39 per cent now felt the implementation of the scheme has been good as against the 51 per cent of the respondents who supported it about 3 weeks ago.

Seething at the series of money laundering cases as well as seizures of hundreds of crores of rupees in new currency notes that have emerged post the demonetisation drive, people standing for hours outsede banks and ATMs feel that the move has only hampered the living of middle and lower class people. When asked to comment on the situation, a man standing in bank queue said, “Crores of rupees are being seized at various places,rich aren’t affected. Do you see any of them here? We have to suffer.”

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