'Nation is in favour of PM Modi, it is temporary pain for larger gain,' says Venkaiah Naidu
RBI waives savings accounts' ATM transaction charges across banks until December 30
With banks closed in many parts of the country, cash-strapped citizens have been lining up outside ATMs since early morning but with limited success as most machines are running dry.
Scuffles and heated exchanges were reported from ATMs and banks in many parts of the country.
Many sections of society, including small traders, restaurant owners, and transporters, among others who primarily operate in a cash economy, have started feeling the heat of PM Modi's demonetization move.
Meanwhile, asserting that the poor in the country are supporting his decision, Modi took on Opposition parties, particularly the Congress, saying it is the corrupt who are sleepless now.
"After demonetization, the poor are enjoying a sound sleep while rich are running from pillar to post to buy sleeping pills," Modi said at BJP's Parivartan Yatra in Goa on Sunday, as he continued to rally public support for his move.
Scoffing at the Opposition for blaming him for problems being faced by the poor, the PM said he was better aware of the hardships being faced by commoners. "You (Congress) issue statements. I feel the pulse of the poor," he said.
Modi said the action will affect very powerful people people but he is prepared to fight for the poor.
"I know I will face a lot of hardships as those having lots of cash are very powerful people but I have undertaken this fight for the poor," the PM said.
Latest Updates
In the BJP Parliamentary Party executive meet, Prime Minister Narendra Modi reviewed the following provisions of demonetization:
Congress strategy meet scheduled to take place at 10:30 AM on Tuesday, senior leaders from Rajya Sabha and Lok Sabha to be present.
Ananth Kumar on demonetization:
# In NDA meet chaired by PM Modi, all NDA allies extended their support to the PM on the issue.
# There was discussion on taking initiative taken by government to its logical conclusion, the nation would be addressed on this issue through Parliament.
# ​They also praised the visionary and brave leadership of PM in taking such decision which is pro-poor, supported PM in one voice.
Maharashtra CM Devendra Fadnavis directs State Road Transport Corporation to allow free transport of 50 kg of vegetables per farmer on its buses till November 24.
Shiv Sena leader Sanjay Raut warned BJP that there could be a 'roll back' of government if they don't roll back demonetization policy.
Mallikarjun Kharge, after the all party meeting, said, "Have put forward our demand for discussions on demonetization, J&K unrest, surgical strike, OROP & govt's Pak policy."
Lok Sabha Speaker Sumitra Mahajan speaks after all party meeting, says all parties demanded proper discussion on demonetization and J&K unrest.
After withdrawal of Rs 500/1000 notes there has been a decline in violence instigated by separatists in the Kashmir Valley: MHA Sources
Chhattisgarh: BSF patrol seized unaccounted cash of over 5 lakh in Rs 1000 and 500 denominations from a person travelling in bus.
Agriculture market witness downward trend in Ludhiana after farmers find it difficult to purchase seeds.
SBI Chairman Arundhati Bhattacharya says that ATMs to dispense Rs 50 & 20 notes apart from Rs 100 in coming days.
Kerala High Court directed the central government to inform its stand regarding permitting primary cooperative banks to exchange or receive for deposit defunct Rs 500 and Rs 1000 notes.
- PTI
PM Narendra Modi arrives to attend all party meeting convened by Lok Sabha speaker Sumitra Mahajan over dinner.
Banks to waive levy of ATM charges for all transactions by customers done at their own banks’ ATMs and other banks' ATMs till Dec 30: RBI
Economic Affairs Secretary Shaktikanta Das said, "Considering the cash availability, (for) the business entity having current account for past three months, the limit has been increase to Rs 50,000 per week to pay wages and meet sundry expenses."
All party meet chaired by Lok Sabha Speaker Sumitra Mahajan ahead of forthcoming Parliament session.
Venkaiah Naidu has made it clear that the govt is not rethinking its demonitization effort despite opposition's plea.
Naidu told reporters post NDA meet,
NDA also passed a resolution praising PM Modi's decision for currency swap by scrapping existing Rs 500, Rs 1000 notes
In NDA meet chaired by PM Modi, all NDA allies extended their support to the PM: Union Minister Ananth Kumar
BJP MP Vinay Sahasrabuddhe reacts on reported deaths related to demonetization.
Arvind Kejriwal calls emergency session of Delhi assembly on Tuesday; says PM Modi took blessings of Sharad Pawar on Sunday to fight against black money, no irony can be bigger than that.
Existing instructions for usage of old Rs 500 and Rs 1000 currency notes will continue till midnight of November 24: Indian Railways
Reserve Bank of India sent new currency notes to Jharkhand’s Bokaro city banks and ATMs by helicopters on November 13.
BJP Parliamentary Party executive meet ends.
PM Modi after the BJP Parliamentary Party executive meeting said country welcomed demonetization, we should not buckle under opposition pressure and go ahead full throttle. Opposition trying to sabotage.
- ANI
People who are standing in queues outside banks and ATMs are not thieves and neither do they have black money: Congress
People waiting in queues outside ATMs in Mumbai to withdraw cash.
Zero tolerance, any investment if its made through black money then its liable for action by IT dept: Susheel Chandra, CBDT Chairman
- ANI
According to NDTV reports, PM Modi has said that the country supports government's move.
Amit Shah said, "Prepare on demonetization, OROP and surgical strikes."
In the high level government meet, BJP has decided that demonetization will not be rolled back and will take on the opposition in winter session of Parliament.
Inside visuals of opposition meeting.
Arvind Kejriwal calls the situation anarchy.
To facilitate the smooth movement of passengers, collection of parking charges at all airports is suspended till midnight November 21.
Anu Malik calls PM Modi 'great'.
Maharashtra CM Devendra Fadnavis announced the following in wake of demonetization:
# Exemption of toll tax extended till November 18 midnight (including Mumbai).
# Service charges at border check posts are also exempted (for penalties & pending dues, older ₹500 & ₹1000 notes would be accepted).
# Education Department asked to issue instructions to Universities to accept exam, tuition fees, etc by cheque instead of DD/pay order.
# Instructions issued to MSBTE for polytechnic colleges to accept cheque towards fees instead of DD/pay order for students' convenience.
# Government has held discussions with school bus operators & they agreed to cooperate with officials.
# Banks asked to arrange mobile vans in cities & interior areas of State, so that old notes can be easily exchanged in permissible limits.
New Rs 500 notes available at ATMs in Delhi.
Chamber of Commerce & Industry ​says advance salaries to govt/ PSU's/ private sector employees should be paid in cash through organisations.
Children participate in awareness campaign on Fight Against Black Money.
Opposition parties gathered for meeting on demonetization.
Opposition parties including Congress, TMC, RJD, JD(U),JMM, CPI, CPI(M) and others meet ahead of Winter session of Parliament.
Mamata attacks Modi
# After demonetization, poor enjoying sound sleep, rich running from pillar to post to buy sleeping pills.
# We don't lack money, but it is lying where it should not be
# Only when people are ready to face inconvenience, then corruption will go: PM on demonetization
# New whitewash gives out foul smell, but it is necessary: Modi on inconvenience being faced by people
# What did the Congress do for 19 months during the Emergency? They made this nation a prison and arrested so many people.
# Our neighbours are indulging in counterfeit currency and trying to flooding our nation with these notes. We need to put an end to this.
# Some parties are facing major problem, a big worry saps their mind as to what to do now
# Projects started for Eastern UP are a tribute to Nehru on birth anniversary though his party attacks me constantly.
# There is no option left for the dishonest. I am only fulfilling the promise made at election time to fight corruption.
Assam: Currency notes of Rs 500/1000 found in a drain in Rukmininagar area of Guwahati
Economic Affairs Secretary Shaktikanta Das
# Economic Affairs Secretary Shaktikanta Das has announced that a task force is being set up under the chairmanship of deputy governor of the Reserve Bank of India (RBI) for recalibration of ATMs to expedite the process of cash transactions.​
# Focus of government to activate all the channels through which cash is given to public.
# Banking correspondent will be now allowed to withdraw cash multiple times as opposed to only once a day earlier.
# Banks to increase cash holding limit of banking correspondents to Rs 50,000.
# Supply of cash to 1.3 lakh branch post offices will be enhanced.
​# ATMs will from today or tomorrow start dispensing higher denomination currency of Rs 2,000.
Congress, TMC meet to plan united fight in Parliament
Congress and TMC leaders are meeting in New Delhi today evening to chalk out a united fight during the Winter Session of Parliament commencing on November 16 against the demonetization of RS 500 and Rs 1000 notes by the Modi government.
West Bengal Chief Minister Mamata Banerjee had on Sunday spoken to Congress vice-president Rahul Gandhi and CPI(M) general secretary Sitaram Yechury besides several other opposition leaders and mooted the idea of a united fight against the demonetisation move.
'No cash available' notices put up outside some ATMs in Shimla.
CPI(M)'s Brinda Karat reacts on PM Modi's emotional speech, terms it a 'drama'
"Beginning of a Clean India": RIP #BlackMoney
India's renowned sand artist Sudarshan Pattnaik has created a sculpture on the beach to extend his support to the government's move to scrap Rs. 500 and Rs. 1000 currency notes.
Dedicated to the demonetization of Rs 1000 and 500 notes from the financial system, the sculpture bears the message, "RIP black money" and "Beginning of a Clean India".
Exemption on old series of Rs 500, 1000 notes for certain categories extended till November 24 midnight.
Congress to hold anti-Modi protests in Telangana
Telangana Congress said demonetisation of high-value notes has brought misery to common people and announced it will organise demonstrations against PM Modi and the Centre across all district headquarters over the issue.
# It is a matter of a few days. Our future will be safe then. Have to support PM Modi, says specially abled person outside ATM in Delhi.
Free of cost food being offered at a 'dhaba' in Maharashtra's Akola as people are being inconvenienced due to demonetization.
"People are worried these days. Some ask if they will be provided food in case they give Rs 500/1000 notes. That's when I decided this to offer food free of cost," said dhaba owner.