Demonetisation: Shiv Sena MPs meet Urjit, seek steps to end chaos

The Sena memorandum also questioned the RBI order to limit cooperative banks from conducting operations after demonetisation was announced.

By: Express News Service | Mumbai | Published:December 6, 2016 4:06 am
urjit patel, monetary policy review, rbi, reserve bank of india, interest rate, rate cut, rbi rate cut, urjit patel rbi governor, rbi news, business news, indian express, india news RBI Governor Urjit Patel. Express Photo

A delegation of Shiv Sena MPs met Reserve Bank of India Governor Urjit Patel and handed over a memorandum seeking measures by the RBI to ease the situation following the scrapping of high value notes.

“The country is increasingly worried about the absolute mismanagement in implementation and daily announcements that show chaos. In no other country would such a decision, where citizens are looked at as thieves, be welcomed peacefully. We look forward to seeing active measures taken by the RBI on easing the chaos,” the two page memornadum said.

The Sena had earlier planned to protest outside the RBI office in Mumbai against demonetisation. On Sunday, the party, however, changed tack and said that for now it would limit itself to handling over a memorandum to the RBI governor. The Sena memorandum also questioned the RBI order to limit cooperative banks from conducting operations after demonetisation was announced.

“371 District co-operative banks, the backbone of the rural economy, too have suffered serious setback as RBI circular restrained co-operative Banks from conducting their banking operations. Recently, Hon. Bombay High court has observed that some arrangements needs to be created to address the plight of DCCB following demonetisation,” the letter said.

The Shiv Sena has been unsure over the past few days over the stand it should take over the demonetisation. While it has welcomed the withdrawal of notes it has been critical of the way in which government institutions have handled the withdrawal process and the hardship it caused to citizens. Over the last fortnight, the Sena has criticised the government and allied with the opposition to protest against demonetisation.

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