We get fish, and weed from Ganga. But after Modiji’s hilarious announcement of no longer in using the old 500 and 1000 rupees and it is illegal for a transaction with these notes. After the announcement, Indian notes were floating down the Ganga.
The old 500 and 1000 rupees notes were marked in Ganga while the devotees came for a bathe in the river. The boatmen started a fight with other after spotting the demonetized notes. This incident happened at Nayagat area in Mirzapur, Uttar Pradesh. When police arrived to check the notes, it created a big crowd.
It is sure that the person who earned this money in an illegal way has thrown the notes to the river because there is no use of these funds after Modi Government decision.
According to the Superintendent of Police, 19 old 1000 notes in torn condition were pulled through from the river. The SP also said that the authenticity of these notes would be proofed after further investigation.
Throwing away the notes is a common story now in India. On Wednesday bags, full of old school notes were found in Bareilly. A rag picker got a trash bag with full of worth 50,000rs of old notes on Tuesday.
Some people are burning the old notes to get rid of excess cash. The burnt scraps of 500 and 1000 rupees have been found in Bareilly. Now the old notes are floating in the river Ganga.
Narendra Modi’s shocking announcement that old 500 notes and 1000 notes are no longer used for transaction and he also assured that “your money is still yours.” But your old notes should be deposited in banks or the post offices within 30th December.
This initiative is taken for stopping the large circulation of black money. After declaration the decision of denomination the old notes, the banks remain closed and, ATMs were not working. However, People still exchanged their old notes from Post office even medicine shops and hospitals accepted the old notes.
Now the bank is working even on weekends and desperately works for old collection notes as well as distributing new 500rs and 2000rs. among the people.
But the ATMs which were closed for two days and started working from 11th November 2016 are unable to solve the economic problems of individuals. ATM’s are quickly run out the money. Many ATMs do not function properly.
Long queues have spotted in front the bank, ATMs and post office to exchange the old notes. More elderly people are collapsed due to stand in the long lines. The report says that two persons have died in Kerala while they stood in the lines.
Reserve Bank of India has asked people to have patience, it is processing sufficient money to the branches of all banks, and the ATMs will come in normal mode soon.
Modi Government’s brilliant decision has moved the people on their knees who are dealing with black money and fake currency. Though the bank is not receiving the black money, now those are worthless paper.
Via : Indian Express