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Live Updates: Shaktikanta Das Economic Affairs Secretary Speaks On Demonetisation
Live Updates: Shaktikanta Das Economic Affairs Secretary Speaks On Demonetisation

After a late night meeting on Sunday conducted by Prime Minister Narendra Modi with senior ministers regarding the status of the demonetisation of Rs 500 and Rs 1000 notes, Economic Affairs Secretary Shaktikanta Das spoke to media.

Das said that “The focus of the Govt is to activate all channels whereby cash is dispensed to the public, supply of cash to 1.3 lakh branch post offices will be enhanced and recalibration of ATMs has already started,” and that “number of recalibrated ATMs will be enhanced within next few days, task force setup under Dy RBI Governor.”

ALSO READ: PM Modi Reviews Demonetisation With Senior Ministers

He stated that “PM has addressed supply of cash. Focus of govt to dispense cash fast. Banks Will Raise the Cash Holding Limit With the Banking Correspondent To 50k, Daily cash limit has been removed only weekly limit of Rs 24000 is applicable on drawing cash and ATMs will start dispensing higher denomination including Rs. 2,000 notes from today or tomorrow.”

ALSO READ: West Bengal CM Mamata Banerjee Takes Demonetisation Matter To Prez

To ease the current situation he said that “separate queue for elderly, physically-handicapped and for people who only want to exchange notes, petrol pumps, pharmacies, water, electricity utilities to accept old notes till Nov 24,” and that “deadline to submit Life certificates for Pension accounts increased to Jan 15, 2017.”

ALSO READ: European Union Comes Out In Support Of India’s Demonetisation

Das assured that “There is no need to panic for public, in coming days enough cash will be available in every channel. Daily limit on withdrawals and exchange revised to improve liquidity in system.