Finance Minister Arun Jaitley today stressed on the need to focus on few identified sports so that the country can win more medals at international events like Olympics.
It is necessary to identify few sports and acquire competitive advantage from the point of view of winning more medals, he said.
"We should play all kinds of sports but should concentrate more in identified 10-12 sports so that we can win medals in those sports," he said at GAIL-Indian Speedstar event here.
He also emphasised that India is slowly making its mark in international events.
In the last London Olympics, India won 6 medals and the country is sending largest ever contingent this year for Rio Olympics, he said.
Praising efforts of PSUs, he said, these companies are also socially responsible and have been promoting sports.
India's history suggests that PSUs have always encouraged sports and provided jobs to sportsperson of eminence.
Jaitley said banks have expressed concern about managing
crowds and also that some customers are asking for smaller denomination currency.
"Even though large quantum of currency is available, in the given branch that particular choice may not be available. And therefore, I would appeal to people to take whichever currency is available rather than insist on a particular choice," he said.
Jaitley hoped that with the passage of time banks will service more people and the crowds will then start thinning.
"The RBI and banks are in readiness... The situation now is peaceful, there are long queues but very orderly queues," he said, adding that there is no limit on the number of times you can exchange currencies.
In some parts of the country banks would remain closed on Monday on account of Guru Nanak Birthday. They will, however, remain open in Western and Southern India.
As much as 86 per cent of the currency or about Rs 14 lakh crore was doing rounds in the economy in the form of high denominations 500 and 1,000 rupee notes.
While demonetising Rs 500/1,000 notes, the government had announced it would bring in new 500 and 2,000 rupee notes of different design and colour.
A lot of security features have been put into the new Rs 2,000 and Rs 500 notes so that counterfeiting becomes impossible, Jaitley said.
The government, Jaitley said, will consider suggestions on whether to remove surcharge on card transactions as it aims to move towards a less cash economy.
Giving an example of the country's largest lender SBI, which controls 20-25 per cent of banking business, he said that in two-half days it has done 2.28 crore transactions.
"You can make an estimate that total banking system would have done about 4-5 times of that of SBI which is about Rs 2 lakh crore," he said.
In the last two-and-a-half days, he said, SBI received deposits worth Rs 47,868 crore.
SBI alone has exchanged notes of 58 lakh customers, while 22 lakh customers have used ATMs and 33 lakh have withdrawn cash.
"4,000 currency chests have adequate amount of currency ... Currency exchange of such a massive magnitude cannot happen mechanically overnight," Jaitley said.
