Wed, Feb 22, 2017 | updated 04:46 PM IST

If there's no shortage, why banks not exchanging notes today, asks Chidambaram

Updated: Nov 19, 2016 13:11 IST

New Delhi [India], Nov. 19 (ANI): As banks has decided to serve only their respective customers and not to exchange the old 500 and 1,000 rupee notes from customers of other banks, former finance minister P. Chidambaram on Saturday sought to know if learned Attorney General (AG) is correct that there is no shortage of currency, then why are banks not exchanging notes today?

"If learned AG is correct that there is no shortage of currency, why are banks not exchanging notes today?" Chidambaram questioned on his official Twitter handle.

Taking a pot-shot at the Centre's claim that there was no shortage of currencies with banks, the former finance minister sought to know, "Why are we not allowed to withdraw OUR money from OUR bank/savings accounts? (sic)"

"Why are thousands of ATMs still not working?" he asked further.

Taking a dig at the government for inconveniences caused to people, Congress media committee in charge Randeep S Surjewala tweeted, "This is how #DeMonetisation is affects wheat sowing & gullible Farmer hit by an insensitive & uncaring government.

"#DeMonetisation Keeping out 370CooperativeBanks & 93000Agri. CreditSocieties from notechange has bled rural economy," Surjewala further tweeted.

Rohatgi told the court that black money destabilises economy and the country. He said over Rs 3 lakh crores have been deposited in various banks thus far and the government is expecting more Rs 11 lakh crores by December end.

Earlier, Attorney General Mukul Rohatgi had told the Supreme Court that there is no shortage of funds as Rs 100 notes are in circulation and the ATMs needed to be re-calibrated to issue new currency notes of Rs 500 and Rs 2,000.

He told the apex court that black money destabilises economy and the country. He said the government is expecting more Rs 11 lakh crores by December end. (ANI)

Faizabad (Uttar Pradesh) [India], Feb. 22 (ANI): Continuing her tirade against the Bharatiya Janata Party (BJP), Bahujan Samaj Party (BSP) chief Mayawati on Wednesday dubbed the saffron party as the 'Bharatiya Jumla Party', while reiterating her claim that provision of reservation to the underprivileged would come to an end as soon as the BJP comes to power in Uttar Pradesh.

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PETA to move SC against Jallikattu, Kambala

Updated: Feb 22, 2017 16:29 IST

New Delhi [India], Feb. 22 (ANI): In a bid to put an end to the bull-taming sport of Tamil Nadu, Jallikattu, and the buffalo race of Karnataka, Kambala, the People for the Ethical Treatment of Animals (PETA) on Wednesday said it will move the Supreme Court challenging the legislation passed by the assemblies of both states for having allowed these sports.

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New Delhi [India], Feb. 22 (ANI): The Delhi High Court (HC) on Wednesday reserved its stay order on the nursery admission notification of the Delhi Government and will pronounce its order on February 27.

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New Delhi [India], Feb. 22 (ANI): The government has given its approval for signing of a Memorandum of Understanding (MoU) between India and Australia for promotion and development of cooperation in civil aviation security.

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New Delhi [India] Feb. 22 (ANI): The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday gave its approval for signing of an agreement between India and Poland on cooperation in the field of agriculture and allied sectors.

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By Onkareshwar Pandey

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New Delhi [India], Feb. 22 (ANI): In order to encourage greater trade, investment, tourism and cultural exchange between India and Greece, Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday approved the signing of Air Services Agreement (ASA) between the two countries.

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New Delhi [India], Feb. 22 (ANI): A clash broke out between All India Students Association (AISA) and Akhil Bharatiya Vidyarthi Parishad (ABVP) students over cancellation of JNU student Umar Khalid's talk at Delhi University's Ramjas College.

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New Delhi [India], Feb. 22 (ANI): Clashes broke out outside Delhi University's Ramjas College as student activists linked to the Bharatiya Janata Party (BJP) protested over a college invite to controversial Jawaharlal Nehru University student Umar Khalid.

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New Delhi [India], Feb.22 (ANI): Customs Department officials on Wednesday confirmed the arrest of an Afghan national in the Terminal Three (T-3) complex of the Indira Gandhi International Airport (IGIA) for carrying items that were in violation of the Wildlife Protection Act, 1972.

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North 24 Parganas (West Bengal) [India], Feb.22 (ANI): A fake passport racket was busted by the North 24 Parganas district police in Barasat on Wednesday.

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New Delhi [India], Feb.22 (ANI): The Airports Authority of India is looking beyond national boundaries and interests and is undertaking newer business initiatives by exploring global aviation markets for providing consultancy, construction, management services, export services and undertaking operations abroad in relation to airports, air-navigation services, ground aids and safety services beyond national borders.

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New Delhi [India], Feb. 22 (ANI): Telangana Chief Minister K Chandrashekhar Rao has come under the radar of the Opposition parties post his flamboyant tribute at the famous hill shrine of Lord Venkateshwara near Tirumala.

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New Delhi [India], Feb.22 (ANI): The cast and Producer of Bollywood movie 'Jolly LLB 2' failed to appear in the Delhi Court on Wednesday in connection with a defamation case filed by footwear company Bata India limited.

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Kozikhode (Kerala) [India], Feb.22 (ANI): A major fire broke out at S.M. Street located in Kerala's Kozikhode on Wednesday which is also a biggest commercial street and is popularly known as Mittai Theruvu.

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Chennai (Tamil Nadu) [India], Feb. 22 (ANI): The Madras High Court on Wednesday sought credible evidence to prove that the AIADMK MLAs were held captive in a resort in Kuvathoor and also the video evidence of the proceedings in the Tamil Nadu Assembly during Chief Minister's Edapadi Palaniswami's trust vote.

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Shurhozelie Liezietsu sworn in as Nagaland CM

Updated: Feb 22, 2017 13:22 IST

Kohima (Nagaland) [India], Feb. 22 (ANI): Naga People's Front (NPF) president Shurhozelie Liezietsu on Wednesday sworn in as the Chief Minister of Nagaland.

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New Delhi [India] Feb. 22 (ANI): Confident of Mayawati winning the hearts of Uttar Pradesh in the Assembly Elections in Uttar Pradesh, the Bahujan Samaj Party (BSP) on Wednesday asserted that the Congress-Samajwadi Party was already doomed as it was forged out of 'compulsion'.

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