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Indelible ink will be used only during exchange of old notes, clarifies Indian govt

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New Delhi: The Indian government on Tuesday assured the indelible ink will be used only during the exchange of old notes the counters.

“Indelible ink will be used only during the exchange of old notes across the counter,” the Ministry of Finance tweeted.

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To foil the attempts of some to turn black money into white amid the nationwide demonetisation crisis, banks have been directed by the union government to use indelible ink while exchanging banned Rs. 500 and 1,000 notes.

While the ATM counters were dry since Monday, Prime Minister Narendra Modi reviewed the position regarding the supply and availability of currency notes on Monday and took certain decisions to further activate the dispensing of cash through the networks of Banking Correspondents (BCs), Post Offices, ATMs, Banks and E-payment systems.

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Amid the opposition outcry, the PM assured his party members that his government has the support of the people.

The Supreme Court of India, which, on Tuesday, heard petitions challenging the demonetisation scheme introduced by the central Government, declined to stay the government order but also said the common men should not suffer, according to media reports.

The apex court has asked the Union government to submit an affidavit regarding the steps it has taken to improve the situation.

It also asked the government to consider raising the withdrawal limit to meet the rush for cash, media reported.

Image Courtesy: Dainik Bhaskar
IBNS

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