Demonetisation: How govt rules changed as chaos increased - News Summed Up

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Demonetisation: How govt rules changed as chaos increased


Faced with rising public grievance over demonetisation, the government has announced, changed and updated rules and regulations for use and exchange of old notes, leaving everyone confused. It is day 17, after Rs 500 and Rs 1000 notes were banned by Prime Minister Narendra Modi in a surprise move. Read: Exchange of old Rs 500, Rs 1000 notes to continue at RBI countersCash Withdrawal:November 8: Government limits ATM withdrawals at Rs 2000. Use of Old Notes:November 8: Old notes to be accepted at government hospitals, fuel stations, airports and railways. November 14: Government extends existing exemptions for acceptance of old Rs 500 and Rs 1000 notes up to 24 November, 2016 midnight.


Source: Hindustan Times November 25, 2016 06:18 UTC



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