Demonetisation day 6: Airport parking fee waived, Mamata hits out, banks closed
Amid continuing chaos and growing public anger across the country over limited cash availability following the demonetisation move, Prime Minister Narendra Modi held a meeting with senior ministers in the early hours of Monday.black money crackdown Updated: Nov 14, 2016 20:22 IST
ATMs will begin dispensing higher denomination currency notes from today or tomorrow, Economic affairs secretary Shaktikanta Das announced on Monday.
The DEA secretary also announced a raft of other measures that were decided upon in a meeting between the Prime Minister and other senior minister in the early hours of Monday.
Banks and ATMs will be shut in some parts of the country on Monday on account of Guru Nanak Jayanti further worsening the crisis for citizens seeking to withdraw money or exchange old bank notes.
Opposition parties continued to pile pressure on the government, while people’s patience wore thin as they waited in long queues for hours outside banks and ATM kiosks.
Take a look at various decisions taken/ leaders’ reactions on the demonetisation issue on November 14.
8:00pm: Govt waives off parking fee at all airports .
3:00 pm: BJP hits out at Mamata Banerjee for her criticism of the Prime Minister’s speech. “Queen of Saradha and Narada is trying to unite oppn against Govt, they are shaken by this step of Modi ji”, SN Sharma of the BJP tells the media in New Delhi. Sharma also took a shot at the Left parties saying, “Trinamool and Left parties are mirror images of each other.”
2:20 pm: A task force has been set up under the chairmanship of SS Mundra, the deputy governor of the Reserve Bank of India.Constitution of task force is for enabling dispensation of new series banknotes, recalibration and reactivation of ATMs
2:10 pm: Toll suspension for all national highways has been extended till midnight of 18th November.
1:30 pm: West Bengal CM Mamata Banerjee slams PM Narendra Modi for comments he made on the demonetisation in a a public address in Ghazipur.
My humble suggestion is not to hit the common people like this 2/2— Mamata Banerjee (@MamataOfficial) November 14, 2016
1:10 pm: “No one carry bags to fund terrorism, it is done via online transfers,” says Sitaram Yechury, general secretary of CPI(M). “PM himself in 2014 said that 90℅ black money is stashed abroad, he has list of those names but not making them public. Nobody is accepting this new currency, so what is the use of introducing them.” Yechury added.
1:05 pm: “Bank officials are working for 18-19 hours to help people. But the Congress during Emergency turned the country into a jailhouse,” says PM Narendra Modi at a public address in Ghazipur.
1:00 pm: “My decision of demonetisation is kadak (tough)--the poor of this country like kadak tea,” the PM said.
12:50 pm: “I am greatly pained by the trouble caused (by demonetisation) to the common man, there is pain in any work you start but intentions should be clean,” the PM said
12:45 pm: “There is no dearth of money in India, the problem is where that cash lies,” the PM said.
Assam: Currency notes of Rs 500/1000 found in a drain in Rukmininagar area of Guwahati pic.twitter.com/q7fPDX9AvG— ANI (@ANI_news) November 14, 2016
12:25 pm: The poor are sleeping peacefully, while the corrupt are not able to buy sleeping pills today, Prime Minister Narendra Modi tells crowd a public gathering in Ghazipur.
12:00 pm: Large numbers of ATMs that ran out of cash on Monday have not been replenished as banks remained closed on account of Guru Nanak Jayanti.
11:40 am: ATM recalibration has begun. Machines will start dispensing higher denomination including Rs. 2,000 notes from today or tomorrow, says economic affairs secretary.
Business entities with current account can withdraw Rs 50,000 per week, as long as the accounts have been active for 3 months.
11:35 am: Government departments have been advised to use e-payment network, says Economic Affairs Secretary
11:30 am: Banking correspondents will be now allowed to withdraw cash multiple times and can now hold up to Rs 50,000 cash, says Economic Affairs Secretary .
Cash supply would be enhanced to branch post offices so that they’re able to give money to account holders.
11:25 am: The focus of the Govt is to activate all channels whereby cash is dispensed to the public, Shaktikanta Das, Secretary, Department of Economic Affairs tells media.
Will install micro ATMs nationwide to dispense cash against debit and credit cards.
11:00 am: The exemption on accepting old Rs 500 and Rs 1000 notes in certain categories has been extended to November 24 government officials announced on Sunday night. But no details were given on what these categories are. Exemptions such as petrol pumps, airports, railway tickets, utility bills run out midnight on Monday.
The limit on withdrawal from ATMs has been extended from Rs 2000 to Rs 2500. ATMs will also be able to dispense Rs 2500 at a time
10:45 am: Shaktikanta Das, Secretary, of Department Economic Affairs, will brief the media at 11 am on the Demonetisation issue.
10.30 am: Banks will remain shut in some parts of the country on Monday on account of Guru Nanak Jayanti. ATMs are expected to remain operational.