Mon, Feb 20, 2017 | updated 02:21 PM IST

Demonetisation brings rivals closer: Mamata tells Yechury to join hands against Modi

Updated: Nov 13, 2016 18:15 IST

Kolkata (West Bengal) [India], Nov. 13 (ANI): In a major political development since demonetisation of Rs. 500 and Rs. 1000 on November 8, West Bengal Chief Minister Mamata Banerjee on Sunday made a phone call to her arch rival Communist Party of India (Marxist) general secretary Sitaram Yechury, saying that they should join hands against the Narendra Modi government's recent move and should also meet President Pranab Mukherjee in this regard.

"This is not an ego battle. I humbly appeal again to the Government at the Centre to save the common people from more suffering and the country from financial catastrophe by withdrawing this hasty decision. First, please put a proper action plan in place, and breathing space for people.

"Today, I spoke with several political leaders regarding a joint movement and to meet Rashtrapati Ji together. Let us all fight this together to give relief to common citizens, the poor and stop this financial anarchy," Media Trinamool quoted Mamata as saying.

According to sources, Yechury told her that he was in Tamil Nadu, and would look into her proposal after having consultations with his Bengal colleagues when he returns to Delhi.

Sources said the CPM Politburo will discuss the matter tomorrow, following which Yechury will address a press conference around 12.30.

However, in a bid to assuage the building frustration among people who have been fuming over dry ATM machines and serpentine queues outside banks and ATMs, Union Finance Minster Arun Jaitley on Saturday said the Finance Ministry is monitoring currency replacement constantly and added that it would take two to three weeks approximately to recalibrate 2 lakh ATMs across the country.

Jaitley also acknowledged that people are getting inconvenienced to replace currency notes and said that currency replacement of this magnitude would take time.

"When the government decided to replace 500 and 1000 notes, there were expectations that in couple of days, people would queue up to replace significant part, 86 per cent. It is a massive operation. There are challenges in execution. People are turning up in large numbers, so they will keep coming in the next few days. The government requests them that the deposit time is till December 30," he said.

The government, Jaitley said, has directed the Bank officials on helping senior citizens in the smooth exchange of notes.

Listing out facts in which the banks are undertaking currency exchange, Jaitley said that Rs. 7,868 crore have been deposited in the SBI. The bank exchanged notes of 58 lakh people. 22 lakh people operated at ATMs, 33 lakh have withdrawn from SBI, which handles 20-25 per cent of total banking. Till 12.15 p.m. today the bank conducted 2.28 crore transactions. He said five modes of transactions are involved in banks, cash deposit, withdrawal from cash, cash to cash exchange, ATM cash withdrawal and cash deposit machines being used.

The finance minister also appealed to the business community to avoid using cash and start using digital payment gateways.

"Government appeals to those in businesses to start using digital payment gateways, cards and banking system. Life will become simpler, in new financial system that is only viable option," Jaitley said.

Jaitley rejected allegations that the information with regard to demonetisation was leaked two months prior to the announcement made by Prime Minister Narendra Modi.

"Some were alleging that the bank deposits increased from July to September, alluding to the fact information on currency exchange was leaked. However, as per RBI records, in last one year, there was spike in deposits in September only. It was due to disbursal of pay commission arrears," he said.

"Today our energy is concentrated on smooth and quick replacement of money. Enforcement Directorate and other departments concerned are keeping close watch on any illegal activities," Jaitley added.

There are approximately two lakh ATMs across the country.

Many ATMs, which was reopened after the Prime Minister Modi's demonetisation decision, were forced to shut down after it ran out of cash. (ANI)

Orai (Allahabad) [India], Feb. 20 (ANI): Hitting back at Bahujan Samaj Party (BSP) chief Mayawati's opposition to the Centre's demonetisation drive, Prime Minister Narendra Modi on Monday said the nature of the party has changed to 'Behenji Sampatti Party' and accused her for amassing ill-gotten wealth after demonetisation.

Full Story >>

Alwar (Rajasthan) [India], Feb. 20 (ANI): A minor girl from Rajasthan's Alwar district was rescued by local villagers after her father had sold her off for Rs. 7 lakh to unknown persons in Haryana.

Full Story >>

Srinagar [India], Feb. 20 (ANI): In view of the Shivratri or Herath festival celebrations in the state, the Hurriyat leadership in Jammu and Kashmir has called off its strike on Friday.

Full Story >>

Mumbai (Maharashtra), Feb.20 (ANI): Former IPL player Harmeet Singh was detained by the Mumbai police on Monday when he barged into a crowded platform of the Andheri Railway station.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Branding Prime Minister Narendra Modi's "Diwali, Ramzan bhed-bhav" remark as deplorable, Secretary of the Legal and Human Rights Department of the Congress party K.C. Mittal on Monday appealed to the Election Commission to exercise its constitutional powers and take stern action to ensure that free and fair elections are held.

Full Story >>

Chennai (Tamil Nadu) [India], Feb. 20 (ANI): The Dravida Munnetra Kazhagam (DMK) on Monday approached the Madras High Court demanding that Chief Minister E.K. Palaniswami's trust vote in the State Assembly be declared null and void.

Full Story >>

New Delhi [India], Feb. 20 (ANI): The Special Court on Monday adjourned the hearing in the Coal Scam case for March 6th, as the Central Bureau of Investigation (CBI) has sought more time to examine documents pertaining to the matter.

Full Story >>

New Delhi [India], Feb. 20 (ANI): With Pakistan finally putting Hafiz Saeed, the co-founder of Lashkar-e-Taiba and the chief of Jamaat-ud-Dawah under the Anti-Terrorism Act, India has asserted that effective action mandated internationally against him is the first step in ridding the region of the twin menaces of terrorism and violent extremism.

Full Story >>

New Delhi [India], Feb.20 ANI: Days after a popular Malayalam actress was allegedly molested by her driver in Ernakulum district of Kerala, Member of All India Mahila congress, Shobha Oza, blamed the Communist Party governance in state asserting that crime is on the rise under the Pinarayi Vijayan-led government.

Full Story >>

New Delhi [India], Feb. 20 (ANI): After the unfortunate incident of a leading actor from Malayalam film industry being allegedly molested, many celebrities and dignitaries have rallied in support and the latest to join the list is Congress MP Shashi Tharoor, who has minced no words to condemn the incident.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Samajwadi Party spokesman Rajendra Chaudhary courted controversy by branding Prime Minister Narendra Modi and Bharatiya Janata Party (BJP) President Amit Shah as 'terrorists', adding that they are trying to mislead voters in Uttar Pradesh to gather support for the party.

Full Story >>

Kohima [India], Feb. 20 (ANI): The ruling Naga People's Front (NPF) Legislature Party will meet in Kohima today to elect a new leader following the resignation of Nagaland Chief Minister TR Zeliang.

Full Story >>

New Delhi [India], Feb. 20 (ANI): In the aftermath of noted gangster Lovely Lamba's arrest in Ludhiana, Punjab, his supporters resorted to vandalism across the city, expressing their resentment over the same.

Full Story >>

New Delhi [India], Feb. 20 (ANI): A post office in Delhi's Anand Vihar was looted by five to six unknown men and around 17 bags on money were stolen on Sunday night.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Prime Minister Narendra Modi on Monday greeted the states of Arunachal Pradesh and Mizoram on their Statehood Day, expressing his desire to see development usher into the states.

Full Story >>

New Delhi [India], Feb. 20 (ANI): With Prime Minister Narendra Modi courting controversy over his 'Diwali electricity' remark, the Congress on Monday took a jibe at him asking if he wanted to become a municipal commissioner, since he was showing a keen interest on local issues as distribution of electricity.

Full Story >>

New Delhi [India], Feb. 20 (ANI): The Congress is set to file a complaint against Prime Minister Narendra Modi over his controversial remarks made during his rally in Fatehpur district in Uttar Pradesh yesterday.

Full Story >>

New Delhi [India], Feb. 20 (ANI): Today is last date for withdrawal of nominations for the seventh and last phase of Assembly elections in Uttar Pradesh.

Full Story >>

Tundla(Uttar Pradesh), Feb. 20(ANI): Delhi-bound Kalindi Express collided with a freight train at Tundla junction in Uttar Pradesh in the early hours of Monday.

Full Story >>

Mumbai (Maharashtra) [India], Feb. 20 (ANI): Condemning Prime Minister Narendra Modi for drawing a parallel between Hindu and Muslim festivals, the Samajwadi Party leader Abu Azmi on Monday said that the former is just trying to create 'polarisation' by making such remarks.

Full Story >>