Source: News Bharati English15 Nov 2016 12:57:00
New Delhi, November 15: The people are facing hardships for withdrawing their own money by standing in queues for long hours and leading to rush outside banks. To soothe this vigorous efforts government will be using indelible ink to identify that people have made withdrawals.The government will use indelible ink like during elections to ensure people change their cash only once from bank counters, which was announced on Tuesday.
Economic Affairs Secretary Shaktikanta Das told the media that Prime Minister Narendra Modi held a second review meeting on demonetization with officials of the Finance Ministry and the Reserve Bank of India (RBI) to come up with the problem face by people while withdrawal of money and why there continued to be such long queues at banks?
"It was found that in many places same set of people are visiting to get cash. They are going from one branch to another branch. Also it was found that the people who are trying to convert their black money to white, they are forming the groups of innocent people and sending them from branch to branch. As a result, the benefit of withdrawal was getting restricted to a few people," Das said.
"To prevent this, indelible ink marks will be used, like in elections, at the cash counters," he said, "Operating instructions will be issued to banks on how to use indelible ink. From today, this process will start in all major cities."
Das said that there was enough cash for everyone and that the public did not need to hoard currency notes. He also said that the situation was improving each day, and urged the public not to believe social media messages regarding cash crunches and shortage of goods in the market.On the sudden crisis of salt, people neet not react as there is enough availability of such essential commodities, Das said. He also appealed saying that not to believe on rumours getting circulated on social media.
There is enough cash available in the system and also the essential commodities, special force is also been set up to monitor the supply of cash and essential commodity, he added.
The religious places of worships are encouraged to deposit the currencies of smaller denominations at local banks to ensure the dispension of large amount of small denomination to tackle the issue of cash availibilty.
As Jan Dhan Account has been used to deposit money, only the legitimate deposits will be encouraged. Jan Dhan Account holders are appealed not to let their accounts to be misused by thers to deposit black money.A special force is been set up to monitor Jan Dhan Account.
A special task force has been set up to monitor the infusion of fake currency especially into the vulnerable areas.It will also keep a close watch on black money being deposited into the bank accounts.