Exchanging old notes limited to Rs 2000 from Friday, BJP MLA Bhawani Singh supports Opposition
New Delhi, November 17: Economic Affairs Secretary Shaktikanta Das said that the limit for exchanging old notes with new notes from banks has been reduced from Rs. 4,500 to Rs. 2,000 from Friday. Four days ago, the withdrawal limit from bank was raised from Rs. 4,000 to Rs 10000. While, a BJP MLA from Rajasthan’s Kota Bhawani Singh has come forward with new claims hitting the demonitisation move by Prime Minister Narendra Modi.
Though the demonitisation is intended to curb the menace of black money, it affected a majority of people and those who are not familiar with banking and the affairs related to it. As this is the wedding season in our country, the note ban had lead to crises for families where they have planned for a wedding. Now families can withdraw Rs. 2.5 lakh for weddings, from one account.
With the new limitation in exchanging old notes, more people would get chance to exchange banned Rs. 500 and Rs. 1,000 notes. Farmers can withdraw up to Rs. 25,000 a week against loans sanctioned to them to buy seeds and fertilizers and against the amount credited to their accounts.
After demonitisation the political parties have taken it as a right time to attack the Narendar Modi Government. The government’s sudden decision to pull out the high value currency notes from circulation to stop the circulation of black or untaxed money has driven people to a chaos. Since November 8, the opposition started allegations that it was a poorly planned move.
BJP MLA Bhawani Singh claimed that business tycoons, Ambani, Adani and Attram Shattram had knew that the government is heading towards a ban on th e high value currencies like 500 and 1000.