Indelible ink to prevent repeated note exchanges, announces govt
November 15, 2016 13:18
Economic Affairs Secretary Shaktikanta Das briefs the media, and here's a very significant update on the demonetisation story.
The government has announced that indelible ink, which is used to mark voters, will be used at banks to mark those who have withdrawn new notes to ensure that people are not drawing more than their fair share, Finance Ministry officials today.
The same tactic is used to prevent multiple voting in elections. An ink stamp will be used after a person has exchanged Rs. 4,500 worth of old notes for new ones, the weekly limit set for now.
Das said the government has been trying to analyse reasons for long queues and it has been observed that the same people are coming again at the same places. The same reason is observed at ATMs that the long queues is because the same people keep coming again and again at different places, Das said.
"We have received reports that many people are trying to convert black money into white. To solve this problem we have decided to use indelible ink marks, similar to elections, on cash counters," he announced.
To ease pressure on banks,a task force has been set up to look after shifting and storing of old notes. A Special Task Force has also been set up to monitor infusion of fake currency especially in the vulnerable areas.
"We have enough stock of salts; no reason for temporary surge in price or shortage; supply of essential commodities being closely monitored, unscrupulous elements had spread rumours.
"False stories are being spread on social media such as institutions going on strike. On zooming the picture we found it was from 2015. Lot of stories in social media; reports of certain institutions going on strike; there is no such thing; please don't believe them."
No reason to panic, enough supply of cash in the banks.
There is enough stock of notes available in system, no reason to panic. Govt constantly monitoring situation.
If you give us specific instances of which govt hospitals and pharmacies are not accepting old currency, action will be initiated.
-- as reported by ANI
The government has announced that indelible ink, which is used to mark voters, will be used at banks to mark those who have withdrawn new notes to ensure that people are not drawing more than their fair share, Finance Ministry officials today.
The same tactic is used to prevent multiple voting in elections. An ink stamp will be used after a person has exchanged Rs. 4,500 worth of old notes for new ones, the weekly limit set for now.
Das said the government has been trying to analyse reasons for long queues and it has been observed that the same people are coming again at the same places. The same reason is observed at ATMs that the long queues is because the same people keep coming again and again at different places, Das said.
"We have received reports that many people are trying to convert black money into white. To solve this problem we have decided to use indelible ink marks, similar to elections, on cash counters," he announced.
To ease pressure on banks,a task force has been set up to look after shifting and storing of old notes. A Special Task Force has also been set up to monitor infusion of fake currency especially in the vulnerable areas.
"We have enough stock of salts; no reason for temporary surge in price or shortage; supply of essential commodities being closely monitored, unscrupulous elements had spread rumours.
"False stories are being spread on social media such as institutions going on strike. On zooming the picture we found it was from 2015. Lot of stories in social media; reports of certain institutions going on strike; there is no such thing; please don't believe them."
No reason to panic, enough supply of cash in the banks.
There is enough stock of notes available in system, no reason to panic. Govt constantly monitoring situation.
If you give us specific instances of which govt hospitals and pharmacies are not accepting old currency, action will be initiated.
-- as reported by ANI
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