Demonetisation: Janata Dal (U) gives suspension of business notice as parties gear up for war in Parliament

Janata Dal United on Tuesday gave a notice for suspension of all listed business in Rajya Sabha over what it called the ''unplanned demonetisation'' by the Narendra Modi government at the Centre which has made the life of common man miserable due to acute shortage of cash.

By Ritesh K Srivastava | Last Updated: Nov 15, 2016, 10:37 AM IST
Demonetisation: Janata Dal (U) gives suspension of business notice as parties gear up for war in Parliament

New Delhi: Janata Dal United on Tuesday gave a notice for suspension of all listed business in Rajya Sabha over what it called the ''unplanned demonetisation'' by the Narendra Modi government at the Centre which has made the life of common man miserable due to acute shortage of cash.

According to ANI, the notice was given by Sharad Yadav , the Janata Dal United MP in Rajya Sabha.

Meanwhile, with the political slugfest over Centre's demonetisation move intensifying, the NDA government has called an all-party meeting this evening to build consensus over its recent move to ban old currency notes of Rs 500 and 1000.

Prime Minister Narendra Modi, who yesterday expressed concerns of problems being faced by the common man due to demonetisation decision, will also attend the all-party meet.

As per ANI, the all party meeting will be held around 4pm.

Today's meeting holds significance as a united Opposition has geared up to corner the BJP government over the shock decision to scrap Rs 500 and Rs 1,000 notes.

West Bengal Chief Minister Mamata Banerjee, whose party is leading the Opposition charge against the government's demonetisation move, is also expected to reach Delhi this morning to hold detailed discussions with like-minded parties including Congress, Janata Dal United, SP, CPI, BSP etc.

Prime Minister Narendra Modi yesterday met with BJP parliamentarians and told them "the country is with the government".

Parliament's Winter Session begins on Wednesday and the opening day will likely be taken over by opposition leaders like Mamata Banerjee accusing the government of punishing poor people with the decision to remove old high-denomination notes from circulation.

PM Modi was accompanied by BJP president Amit Shah, senior ministers Arun Jaitley and Rajnath Singh, and patriarch LK Advani.

Govt relaxes currency withdrawal rules 

To assuage public anger and concerns over the difficulty in accessing new notes, the government has increased the limit on cash withdrawals from bank accounts. But opposition leaders - eight met at a parallel meeting hosted by the Congress this evening - say that the abrupt move to ban the old notes has left the poor cashless and unable to buy essential commodities like groceries. 

The banned Rs. 500 and Rs. 1,000 notes made up more than 80 percent of the currency in circulation. 

The government has countered that the ban had to be sudden in order to be effective.

Since the old notes were declared invalid, nearly 45 billion dollars have been deposited in banks as people turn in old notes for new ones.

Relaxing earlier restrictions, a bank customer can now withdraw Rs. 24,000 in a week, and a daily limit of Rs. 10,000 has been cancelled. The limit for swapping old notes for new currency has been raised to Rs. 4,500  from Rs. 4,000; at ATMs, the limit on per day per card withdrawal has moved to Rs. 2,500 instead of Rs. 2,000. The government has stressed that these caps will be removed quickly.