New Delhi, December 20: Taking on demonetization policy Finance Minister Arun Jaitley on Tuesday held a press conference in which he clearly said that the government was fully prepared and have correct volume of new legal notes both of higher value as well as lower value.
He further said that Reserve Bank of India today also have adequate cash to last not just till December 30 but even more. He also said that there has been no day when RBI did not dispense adequate cash to banks. Arun Jaitley also said,now there are no exemptions, as long as there were, people were getting old currency.”
On this account, Minister Arun Jaitley appealed all the people of country that if anyone have currency must go and deposit it in one go, if somebody goes everyday it raises suspicion. Whereas related to cashless transaction Jaitley said that tax benefits for all the small scale businessmen who will make e-payments.
Like to tell you that, due to the lack of new legal currencies in the bank opposition have strongly and aggressively attacked on government and said that the government have no adequate cash and the decision is taken very harshly. This time government bounces back on opposition and gave many facts and figures about their preparedness on demonetization.
On 8th November 2016, Prime Minister Modi suddenly announced the decision of demonetization. This step was taken primarily for curbing of corruption, black money and terrorism. But opposition parties continuously opposed this policy and stalled the winter session of parliament.