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Note Ban: When Manmohan Spoke and Modi Listened in Rajya Sabha

Modi’s presence comes after days of uproar in the Parliament over the demonetisation move by opposition parties.

Updated
India
9 min read
Note Ban: When Manmohan Spoke and Modi Listened in Rajya Sabha
Snapshot
  • No over-the-counter exchange of old notes will be allowed from 25 November.
  • Both Houses adjourned till 11 am on Friday
  • Prime Minister Narendra Modi left the Parliament post lunch, creating uproar in the House
  • Opposition comes down heavily on the Centre over demonetisation
  • Former Prime Minister Manmohan Singh called the demonetisation move an “organised loot and legalised plunder”
  • Opposition parties will observe a ‘protest day’ on 28 November
9:56 AM , 25 Nov

While Prime Minister Narendra Modi failed to make a statement in the Rajya Sabha while former Prime Minsiter Manmohan Singh tore into the government’s move to demonetise Rs 500 and 1,000 notes.

While the government is rolling out measures to facilitate better flow of digitised cash, on Thursday night, over-the-counter exchange of old notes was stopped starting 25 November.

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9:04 PM , 24 Nov
6:09 PM , 24 Nov

Demonetisation Effect: Cash Seizures, Bank Heist

An amount of Rs 1.22 crore was looted from an OBC Bank branch in Saidpur in Haryana’s Sonipat district. ANI reported that an investigation was underway.

In Delhi, two people were caught with Rs 27 lakh in new currency notes at Hazrat Nizamuddin railway station.

(Photo: ANI)

Also on Thursday, Gujarat police also seized Rs 1.40 crore in demonetised currency notes of Rs 500 and Rs 1,000 from the office of a local builder and detained three persons.

In Nagpur, the police seized Rs 1 crore in cash (in old currency notes) from a private vehicle.

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5:55 PM , 24 Nov

Government to Monitor Foreign Tourists With Old Notes

The Ministry of External Affairs said that that an inter-ministerial task force will be formed by the government to look into issues relating to foreign nationals/tourists in India holding old notes.

He added that Nepal and Bhutan were in touch with the RBI regarding the collection of Rs 500 and Rs 1,000 notes.


Published: 24 Nov 2016, 9:21 AM IST
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