PM Modi turned emotional while saying that he left his home and family for the nation
He admitted that there were inconveniences caused to the people but it was in the national interest
PM Modi was speaking for the first time on demonetisation after announcing the decision
The All India Motor Transport Congress has said the supply of essential goods will get impacted with immediate effect
The Finance Minister on Saturday took stock of the on-going currency replacement move taking place across India
SBI's monetary transactions totalled Rs 54,370 crore in these 2 and a half days, 2-3 weeks for all ATMs to start working normally
He said what was remarkable about the decision was that it was in the larger interest of the nation
Finding a VVIP amidst them, the spot turned into a photo opportunity for many who vied with each other to take a selfie with the Congress vice-president
SBI's chief economist estimates that the unaccounted cash not coming back into the system could be much higher than Rs 2.5 lakh crore
Also, payments will be restricted to only individuals or households for arrears and/or current bills
The shock announcement by PM Narendra Modi gave people only a few hours to spend or deposit 500 and 1,000 rupee bills before they were abolished
Home Ministry has deputed three officials to be in touch with state governments to ensure security of banks, ATMs and cash transporting vehicles
Running out of money for the last 2 days, men and women had thronged the ATMs since early morning in many places
Relaxation would help the general public, especially the poor to tide over difficulties arising due to demonetisation, says Akhilesh
Anand Sharma questioned if govt had made prior arrangements, then do banks, ATMs have no cash
It will ensure medical facilities to poor, who are facing a lot of problems after ban of high denomination notes, says UP CM
ATMs were supposed to start releasing the new notes of Rs 500 and Rs 2,000 notes from Friday morning itself but few ATMs were hoarded up with cash very late
Interview with CEO & MD Melwyn Rego and ED R A Sankara Narayanan
Surprised by the centre's decision to scrap the higher denomination notes of Rs 500 and Rs 1000? Well, while it might have come as a surprise to many, even the high level administrators, but it was all written in black and white in a Tamil panchangam, the astrological almanac, much early, according to claims. The Durmukhi Panchangam by K V Seetharamaiah, which comes out in the beginning of the year, says, "There will be new change in Banks. Unaccounted black money will be identified. Tax department will get crores of Rupees".It may be noted that last year in December, when Chennai and three northern districts experienced heavy rainfall and flood, claims were that the Panchangam predicted well in advance.Bank branches across the State has seen queue forming long lines outside the bank premises, right from early morning. Many branches in Chennai has run out of smaller denomination notes in the morning itself, following which customers were unhappy. Interestingly, some small time ...
Meanwhile, pharmacies and petrol stations had customers offering big notes for conducting small value transactions