Centre’s move to scrap currency not in public interest: Shiv Sena

The ATMs opened today nearly 48 hours post Prime Minister Modi's radical announcement about scrapping of the 500 and 1000 rupees notes.

By: ANI | Mumbai | Published:November 11, 2016 8:15 pm
demonetisation, shiv sena demonetisation, 500 note banned, 1000 note banned, currency exchange, rupee exchange, 1000 note abolished, indian express news Uddhav Thackeray said only normal people were suffering from the government’s hasty decision. (Source: PTI Photo)

Stating that the Centre’s move of demonetisation was not in the public interest, Shiv Sena chief Uddhav Thackeray on Friday said that instead of scrapping Rs. 500 and 1,000 currency notes, the ruling dispensation should have “done surgical strikes on the black money deposited in all Swiss accounts.”

“This initiative taken by the government is not in public interest, because only normal people are suffering from this hasty decision. Everybody is saying that it is a surgical strike, but what if angry and frustrated people start surgical strike against government,” Thackeray said.

Watch what else is making news

“The government should have done surgical strikes on the black money deposited in all the Swiss accounts,” he added. Earlier, International Monetary Fund (IMF) supported Prime Minister Narendra Modi’s efforts to fight corruption by demonetizing 500 and 1000 rupees notes but cautioned that the move has to be managed prudently.

IMF spokesman Gerry Rice told reporters in Washington that the global body supports Modi government’s measures to fight corruption and illicit financial flows in India. He, however, said that the move has to be managed prudently to minimize possible disruptions keeping in mind the large role of cash in everyday transactions in Indian economy.

Meanwhile, with the ATMs opening today nearly 48 hours post Prime Minister Modi’s radical announcement about scrapping of the 500 and 1000 rupees notes, long queues made by anxious citizens were seen across the nation with the new currency notes available for withdrawal. The withdrawal limit is of 2,000 rupees per day per card for all the customers at bank ATMs.

For all the latest India News, download Indian Express App

  1. K
    KDKD
    Nov 14, 2016 at 5:33 am
    OPEN YOUR EYES INDIAN ALL BLACK MONEY MAFIA ALREADY TIP BY THE MAN IN ACTIONlt;br/gt;BLACK MONEY START FLOWING IN THE BANK SINCE JULYDIAN PEOPLE IS BEING TREATED LIKE ANIMALS IN FRONT OF THE BANK WITH THEIR HARD EARN MONEY.lt;br/gt; RBI data, there has been a substantial surge in bank deposits in the July-September quarter. Total deposits garnered by the Indian banks rose by an abnormal Rs 6,64800 crore in the July-September quarter to a record Rs 102.08 lakh crore. This is the highest quarterly jump ever recorded.lt;br/gt;START PROTESTING NOW OR YOU WILL BECOME AN ANIMAL.
    Reply