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Currency ban not in public interest: Uddhav Thackeray

Long queues were witnessed at banks and ATMs, which opened after two days, as people rushed to get new bank notes in lieu of their old defunct bills.


Currency ban not in public interest: Uddhav Thackeray

New Delhi: The Shiv Sena has also come out openly against Prime Minister Narendra Modi's de-monetisation scheme to curb black money.

Shiv Sena chief Uddhav Thackeray said that the move to scrap old Rs 100/500 notes had badly affected the common people.

“This initiative taken by the government is not in public interest because only normal people are suffering from this hasty decision,” said Thackeray.

“Everybody is saying that it is a surgical strike, but what if angry and frustrated people start a surgical strike against the government,” he added.

The Sena leader said that instead of inconvincing the common man, the government should have taken strong steps to bring back black money stashed away in tax havens like Switzerland.

“Government should have done surgical strikes on the black money deposited in all the Swiss accounts,” he said.

Long queues were witnessed at banks and ATMs, which opened after two days, as people rushed to get new banknotes in lieu of their old defunct bills.

Many ATMs ran out of cash in a couple of hours as there was a heavy rush to withdraw lower denomination currency. Most of the machines were equipped to tender Rs 100 notes, while some were still not working.

Banks are saying that they are trying to recalibrate their machine for higher denomination notes, it will take some days before they start tendering new high-security Rs 500 and 2000 notes which is expected to ease the pressure.

From Zee News

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