Demonetisation won’t be rolled back: Arun Jaitley
Finance Minister Arun Jaitley on Thursday ruled out any move by the government to rollback demonetisation and said it was a very well-planned and executed move.
Jaitley appealed to people to support the initative, while slamming some politicians for creating unnecessary panic. He applauded banks and their employees for doing an excellent job. “I would like to complement banks and their employees on their commendable job, they have dealt with crores of rupees in last 7 days. They had to deal with crores of customers,” Jaitley told ANI.
Jaitley also slammed the opposition parties for obstructing the move. “Whatever AAP and Trinamool Congress said about the roll back, there is no question of that. It is a clear decision of the Prime Minister and government to cleanse politics and economy of the country. We will stick to it (demonetisation),” he said.
The government on Thursday slashed the amount of old currency that can be exchanged at bank branches by more than half to Rs2,000 per person from Rs4,500 to allow more people to swap notes and to check misuse of the facility. The decision will come into effect from Friday.
He also ruled out the formation of a joint parliamentary committee to investigate allegations that news of the demonetisation had been selectively leaked in advance. Both Houses of Parliament were adjourned on the second day of the winter session amid demands by opposition parties for a vote on the demonetisation exercise after a debate and response from the prime minister