इंडियन आवाज़     23 Feb 2024 01:50:49      انڈین آواز

People will not face any difficulty in replacing their old notes: Jaitley


jaitelyThe Centre has assured the people that it will do its best to minimize their inconveniences they may face for a short period due to the scrapping of currency notes of 500 and 1000 rupees.

Briefing reporters in New Delhi this evening, Finance Minister Arun Jaitley said, the new series of notes of 500 and 1000 rupees will be available in banks and post- offices from tomorrow. He said, there will be adequate availability of these notes in banks and post offices in the coming days and people will not face any difficulty in replacing their old notes.

He said, Government believes that the decision to scrap 500 and 1000 notes has been welcomed everywhere and this major step will enhance India’s credibility. Mr Jaitley mentioned that the initiative will help curb the black money and parallel economy as they impact the actual economy. He said, the decision will help expand the country’s GDP.

He also said, the decision is of significant advantage to the economy and both Centre and States will benefit from with more revenue accruing in the economic system. Mr Jaitley said, the move will take India towards cashless economy.

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