People with us on currency ban: PM Modi to BJP MPs

Modi met with BJP parliamentarians in the evening and told them "the country is with the government," media reports said.

With Parliament Session beginning on Wednesday, the government is all set to face stiff criticisms from the oppositions in both the houses.

PM Modi is continuously trying to garner public support with frequent addresses.

Justifying his move of banning Rs 500 and Rs 1,000 currency notes, Modi on Monday said the poor people in the nation are 'sleeping peacefully' these days.

"Poor are sleeping peacefully and the rich need sleeping pills," Modi said while addressing a rally at Ghazipur area in Uttar Pradesh.

Meanwhile, opposition leaders slammed the Prime Minister for his remark.

West Bengal Chief Minister Mamata Banerjee said Modi's statement was in 'bad taste'.

"The PM in his speech had said the poor are sleeping peacefully. This is an insult to commoners and in bad taste," Banerjee tweeted.

She said: "My humble suggestion is not to hit the common people like this."

"While common people have been victimised & crushed under weight of 'demonetisation', many economists now predicting onset of recession.This will be a killer for the common people. Already a staggering Rs 1.5 lakh crore of GDP has been lost to the economy in only six days," she tweeted.

She announced that her state government has decided not to impose any agricultural tax on movement of trucks for next three days.

BSP supremo and former UP Chief Minister Mayawati said the decision has left people of the nation to suffer.

" The common people are being made to suffer by Modi government," Mayawati said while addressing a press conference.

Delhi Chief Minister Arvind Kejriwal tweeted: "Panic everywhere. चारों तरफ़ अफ़रा तफ़री। लोगों के घरों में खाने का सामान ख़त्म हो रहा है। (Food storage is perishing in the life of ordinary people).Emergency cabinet meeting at 3 pm at my residence

The government has scrapped the Rs. 1000 and Rs. 500 notes with effect from Tuesday midnight to fight black money. 

In unprecedented scenes, millions of people since Thursday morning thronged in front of banks across the country to deposit the now-invalid Rs. 500 and rs. 1000 notes.

The Government asked the people to deposit their Rs. 500 and Rs. 1000 notes in banks within a specific time frame and get smaller denominations in exchange.

It has also  announced that deposits above Rs. 2.5 lakh will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner's income.

The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30.