August 11, 2026 01:36 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Jharkhand student protest turns tense: Water cannons, lathicharge after Assembly march barricades breached | ‘Mother tongue is as pure as one's mother’: Vijay-led Tamil Nadu government makes Tamil Thaai Vazhthu mandatory in big language push | Indian envoy Kwatra cites US, UK laws to counter ‘myths’ around FCRA Bill | Jharkhand students march to assembly today: JPSC row escalates despite govt action | ‘A morning I will cherish’: Raghav Chadha meets PM Modi, shares photos from ‘enriching’ meeting | Delhi Mercedes crash kills 70-year-old woman: Cop’s son behind wheel, beer bottle found | Indian-origin woman accused of ‘visa fraud’ on X: US Attorney steps in with major clarification | US Senate passes Russia sanctions bill: India can face Trump’s 100% tariff threat | Expired meat, rotten vegetables found at Bengaluru's luxury hotels, legal action begins | 'I'm ready to be humiliated': Vijay, Udhayanidhi Stalin clash in Tamil Nadu Assembly over Cauvery dispute

Mamata Banerjee urges Centre to withdraw demonetisation move

| | Nov 14, 2016, at 03:34 am
New Delhi/Kolkata, Nov 13 (IBNS): West Bengal Chief Minister Mamata Banerjee on Sunday urged the Centre to withdraw the demonetisation move announced by it last week.

Banerjee tweeted: "This is not an ego battle. I humbly appeal again to the Govt at the Centre. Save the common people from more suffering,and the country .from financial catastrophe, by withdrawing this hasty decision. 1st pl put a proper action plan in place.Breathing space for people."

"Today I spoke with several political leaders regarding a joint movement and to meet Rashtrapati Ji together," she said.

"Let us all fight this together to give relief to common citizens, the poor and stop this financial anarchy," the Chief Minister said.

The central 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.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.