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Economic Affairs Secy Shaktikanta Das Addresses Media
Economic Affairs Secy Shaktikanta Das Addresses Media

Days may have passed since Prime Minister Narendra Modi launched his ‘surgical strike’ on black money, rendering Rs 500 and Rs 1000 currency notes obselet, however the after-effects continue to impact the public as they scramble to get hold of usable currency. While long queues at Banks and ATMs became the norm, situation worsened on Monday as Banks closed due to Guru Nanak Jayanti.

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Taking reconnaissance of the situation, the government has initiated steps to help reduce the long queus and make the currency shift easier. Economic Affairs Secretary Shaktikanta Das announced the new measures that are aimed at reducing the long queues during a press conference on Tuesday.

Assuring the public that there is enough supply of cash in banks, Das identified that the primary reason for the long queues was that the same people would visit the same Bank/ATM repeatedly. He said that “we have received reports, many people trying to convert black money into white have organised group of people and are sending them to exchange money.”

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To prevent the same people from making multiple trips to Banks and ATMS Das said that “to solve this problem we have decided to use indelible ink marks, similar to elections, on cash counters,” thereby marking people who have already visited a Bank/ATM.

“Indelible ink mark concept to start today in major cities,” he added.

Following reports of government hospitals and pharmacies not accepting old currency Das said that “If you give us specific instances of which govt hospitals and pharmacies are not accepting old currency, action will be initiated.”