Congress hails govt’s decision to abolish Rs 500, 1000 notes; ‘Will support any step against black money’

ANI quoted Congress leader Randeep Surjewala as saying "Congress has always supported any step against black money, and will continue to do so, and will continue to do so."

By: Express Web Desk | New Delhi | Updated: November 9, 2016 12:04 am
modi, pm modi, narendra modi, 500 notes, 1000 notes, 500 notes demonetised, notes demonetised, modi address, modi nation, pm narendra modi, congress, latest news, rbi, reserve bank of india, black money Congress spokesperson Randeep Surjewala.

Praising the government’s decision to abolishing Rs 500 and Rs 1000 notes, the Congress on Tuesday said it supports any step against black money. ANI quoted Congress leader Randeep Surjewala as saying “Congress has always supported any step against black money, and will continue to do so, and will continue to do so.”

However, the Congress leader said that decision will put a burden on those who go to market to buy  necessary articles for marriages including jewellery, clothes etc. What will happen to them, asked Surjewala.

He also said that withdrawing 1000 notes and introducing 2000 notes at the same time defeats government’s own argument. “While Modi ji withdraws Rs 1000 note on one side, he introduces Rs2000 note on the other side?Does it not defeat his own argument?” said Surjewala.

In a decisive step to curb black money, Prime Minister Narendra Modi announced demonetisation of Rs 1000 and Rs 500 notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption.

Modi said the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight” and these will be “just worthless piece of paper.” However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid.

Read Also: Demonetising Rs 500, 1000 notes a very bold step to fight black money: RBI

He also announced that new notes of Rs 2000 and Rs 500 will be introduced.

ATM withdrawals will be restricted to Rs 2000 per day and withdrawals from bank accounts will be limited to Rs 10,000 a day and Rs 20,000 a week. Banks will remain closed tomorrow and ATMs will also not function tomorrow and day after, Modi said.

He expressed confidence that the staff of banks and post offices will rise to the occasion to introduce the new order within the available time.

For all the latest India News, download Indian Express App

  1. F
    Farid
    Nov 8, 2016 at 5:42 pm
    Good step taken against black money but see the other side local people will affect a lot
    Reply
    1. A
      Alab
      Nov 8, 2016 at 5:38 pm
      You could have done it when you were in power. Even now someone like Chidambaram may do some political chun-chun just to remain in business.
      Reply
      1. F
        Felsak Nasarulla
        Nov 9, 2016 at 6:46 am
        Good work PM... Carry on... All the best...
        Reply
        1. F
          Felsak Nasarulla
          Nov 9, 2016 at 6:53 am
          all parties are corrupted only.. But congress.... pls brother that party doesn't deserve any justification... When you got a 4G set... You forgot " 2 G "...
          Reply
          1. F
            Felsak Nasarulla
            Nov 9, 2016 at 6:45 am
            when I read it I laughed... It took some time to control . lt;br/gt;lt;br/gt;WHAT?????? Funny Funny Funnylt;br/gt;lt;br/gt;Congress What ????? Ha ha ha lt;br/gt;lt;br/gt;Poor man... Such a shameful situation... I feel pity on him...
            Reply
            1. T
              Trashforvote
              Nov 8, 2016 at 11:21 pm
              I am sure there will be alternative for non-blackmoney people. . .it will be laxed and banks will be directed accordingly.
              Reply
              1. T
                Trashforvote
                Nov 8, 2016 at 11:31 pm
                This is real SWACH BHARAT ABHIYAAN . . . c0 ckr0 aches spray mar diya
                Reply
                1. A
                  Abhimanyu Pande
                  Nov 8, 2016 at 8:39 pm
                  Rs.2000 would be trackable.
                  Reply
                  1. Load More Comments