Thursday , August 24 2017
Home / News / India / Why this man is upset with PM Modi’s demonetisation move

Why this man is upset with PM Modi’s demonetisation move

New Delhi: Amid of the Prime Minister Narendra Modi’s announcement to demonetise Rs.500 and Rs.1,000 notes currently in use has caused a panic among the public.

Long queues has been seen outside the Reserve Bank of India in Chennai on Thursday to exchange their Rs 500/1000 notes and calling a “big problem” for common man.

One of the man was seen carrying a wedding card of his friend’s daughter, went to the Reserve Bank of India (RBI) to request them to grant him money, but the authorities denied his request.

He said.“My friend’s daughter is going to get married tomorrow and her reception is scheduled to take place today evening. I came to RBI to exchange notes but only got Rs 4000. Even though I demanded more by showing marriage card, they refused.”

He added. “It would be good if govt takes some additional steps to ensure no inconvenience is caused to people like me.”

A middle-aged man who was waiting in front of the ATM to withdraw money in Chennai said.”This is just going to be a big problem for people.”

The incidence of fake Indian currency notes of higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, these fake notes are used for anti-national and illegal activities.In order to curb this incidence of fake notes and black money, the scheme has been introduced.