Demonetisation: PM Narendra Modi chairs all party meeting ahead of Winter Session

In a big announcement last week, PM Modi said that all currency notes of Rs 1000 and Rs 500 will be tendered illegal starting November 9 midnight.

By: Express Web Desk | New Delhi | Updated: November 15, 2016 6:13 pm
demonetisation, demonetisation all party meeting, Narendra Modi, demonetisation policy, currency demonetised, currency notes, currency banned, Rs 500 note, Rs 1000 note, india news, indian express The move has seen unprecedented rush in banks and outside ATMs.

Prime Minister Narendra Modi is chairing the all-party meet on Tuesday along with other senior leaders. He arrived at the venue along with other party members to discuss the demonetisation policy announced last week. In a sudden announcement, PM Modi had declared that all currency notes of Rs 1000 and Rs 500 will be tendered illegal starting November 9 midnight. People can exchange their old currency notes for new ones at banks or deposit the money in their account. The move has seen unprecedented rush in banks and outside ATMs.

Sensing that difficulty in exchanging and withdrawing cash could turn into public anger against the Central government, the BJP on Monday asked its leaders across the country to extend assistance to the people and stepped up the offensive against the Opposition for criticising the move to ban currency notes of higher denomination.

The BJP parliamentary party executive committee meeting, chaired by Prime Minister Narendra Modi, on Monday discussed the arrangements to ease the implementation of the decision. However, PM Modi has stated that there will be no rollback on the decision.