'Surgical Strike Or Carpet Bombing', People Suffering: Supreme Court On Notes Ban

[Kool_SRG]

NEW DELHI:  As people desperate for cash continue to spend hours at banks and ATMs six days after a sudden ban on Rs. 500 and Rs. 1,000 notes, the Supreme Court told the centre today: "You call it surgical strike or carpet bombing, there is some collateral damage."

The court, acting on a batch of petitions, refused to suspend the decision but asked the government to submit a report on steps taken to ease the crunch for citizens.

Agreeing with the government's argument that that there will be "some collateral damage in a surgical strike against black money", the court said the "common man should not suffer".
 

The Chief Justice of India, TS Thakur, suggested that the government should raise the withdrawal limit. "The general feeling is it is causing inconvenience to common man," he said.

Since yesterday, the government has announced several measures to make it easier for citizens to access cash.

Indelible ink will be used at banks to mark those who have exchanged notes to ensure that people are not drawing more than their fair share, Finance Ministry officials today said. The same tactic is used to prevent multiple voting in elections. An ink stamp will be used after a person has exchanged Rs. 4,500 worth of old notes for new ones, the daily limit set for now.

The weekly cash withdrawal limit has been raised to Rs. 24,000. At ATMs, people can withdraw up to Rs. 2,500 per card per day. Old notes can be used at government hospitals, petrol stations, toll booths and other essential services till November 24.

PM Modi has urged the country to give him "just 50 days" to clean up the system and "bear with inconveniences" because the move will ultimately benefit the poor.

[ManOnFire]

Kudos, nice

[Kontekurradu]

24 minutes ago, ManOnFire said:

Kudos, nice