Skip to main content

PM Modi On Currency Ban: 'People Voted Me In To Fight Corruption. Shouldn't I Do It?'

NEW DELHI:  With patience running thin as queues outside banks and ATMs stretch on and the currency crunch continues, Prime Minister Narendra Modi today the nation had elected him to fight corruption and questioned if he should not do it.
Here are the latest developments:
  1. In an emotional speech in Goa, Prime Minister Narendra Modi said, "People voted me to fight corruption. Shouldn't I do it? The people have chosen a government and they expect so much from it."
  2. "I also feel the pain. These steps taken were not a display of arrogance. I have seen poverty and understand people's problems," he added..
  3. The Reserve Bank of India has urged people to not withdraw cash repeatedly and hoard it. "The Reserve Bank urges that public need not be anxious... cash is available when they need it," the RBI said in a statement.
  4. Much to people's dismay, only 60 per cent of ATMs got currency feed five days after PM Modi announced the surprise scrapping of Rs. 500 and Rs. 1000 notes. Of the 2 lakh ATMS across the nation, 1.2 lakh are running but they are out of cash within a few hours.
  5. Bigger crowds were witnessed outside banks and ATMs this morning since most people are off work; the rush was also, in part, due to banks being closed on Monday in some parts of the country.
  6. On Saturday, sporadic incidents of violence were reported from many parts of Delhi as angry customers waited for hours in long queues for outside banks and ATMs.
  7. As public anger mounted, Finance Minister Arun Jaitley, on Saturday, said ATMs had not been adjusted to handle new currency notes prior to the announcement in order to keep it under wraps. "Recalibration of ATMs will be completed within two weeks," he added.
  8. The government's surprise move to scrap Rs. 500 and Rs. 1000 notes has drawn intense criticism from the Opposition; Delhi Chief Minister Arvind Kejriwal has called it a "huge scam". Bengal Chief Minister Mamata Banerjee, another fierce critic of the ban, said that she was willing to work with arch rival CPM to "save the country".
  9. Prime Minister Narendra Modi, on Saturday, said that the currency ban was the "biggest cleanliness drive" his government had undertaken against black money hoarders, adding that it was necessary in the larger interest of the nation.
  10. The government has asked people to exchange old 500 and 1,000 rupees notes by December 30. Withdrawals from banks are limited to Rs. 10,000 a day and in ATMs, there will be restriction of Rs. 2,000 per day per card in the first few days, which will later be raised to Rs. 4,000 later.

Comments

Post a Comment

Popular posts from this blog

TOP 10 EASY AND SAFE WAYS TO MAKE MONEY ONLINE. IN THIS SECTION I WILL GIVE YOU ALL 10 WAYS TO MAKE MONEY ONLINE WITHOUT ANY SPAM(AND BELIEVE ME IF I SAY WITHOUT ANY SPAM  I USE IT AND I MAKE APROX 600 TO 800 $ A MONTH.) It takes a lot of determination and hardwork to get to that level by trial and error.but with this 10 thing you can go from 0-100 real quick. * READ TILL THE END FOR PROPER START! * 1. Websites That Pay Let’s go ahead and get this out of the way. There are all kinds of websites that will pay you for various things, such as shopping, taking surveys or testing products. No, I’m not getting paid to promote any of these and no, these websites won’t make you a millionaire, but they are great for earning some extra cash. I’ll leave out the scams. Here are some legitimate websites that pay: Swagbucks  – Swagbucks is great for earning some extra cash. You can do a variety of things to make money, from taking surveys to using their search engine....
Post a Comment
Read more
FALL OF HUMANITY. SCI-FI, ACTION-ADVENTURE BOOK WITH PROBLEMS HUMANITY WILL FACE IN THE FUTURE. A doctor who created Something that destroyed Human civilization and now he and his unique friend Jason who is not a human but at the same time is..., Will do whatever they can to bring everything back to normal. Very unique book to read. Check it Out! https://my.w.tt/wt8q3ImlGL
Post a Comment
Read more
After Audience Fails To React At His Jokes, Kapil Sharma Cancels Shoot Within 15 Minutes! Kapil Sharma would have never imagined that one day, his jokes won’t be funny anymore. His wit and humor will fail to impress. Sadly, this indeed has happened. After Sunil Grover, Chandan Prabhakar, Ali Asgar and Sugandha Mishra chose to exit the show, it seems to have lost its charm and magic. If reports are to be believed, Kapil and his new co-stars Raju Srivastav along with Sumona Chakravarti and Kiku Sharda could not pull off jokes. And even when Kapil Sharma joined the cast, the comic timing was so off that audience did not react at all. After seeing the lukewarm response from the audience, Kapil Sharma chose to cancel the whole shoot less than 15 minutes into it. His ‘friend’ Kiku Sharda was also on the set, rescheduling his Indian Idol shoot for Kapil. “WHAT RUBBISH! WHY ARE YOU ASKING ME ABOUT THIS? LEAVE ME ALONE. I DON’T LIKE TO TALK ABOUT MY WORK.” The show was called of...
Post a Comment
Read more