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No move to seal bank lockers, confiscate jewellery: Finance ministry

No move to seal bank lockers, confiscate jewellery: Finance ministry

agencies

NEW DELHI

Seeking to dispel rumours making the rounds, the finance ministry on Friday said there was no move to seal bank lockers nor was it true that the ink of the new Rs 2,000 notes has been bleeding in some cases.

"Myth: Next move is to seal bank lockers and confiscate gold, diamonds and jewellery. Reality: This is baseless. There is no proposal to seal bank lockers and confiscate the jewellery," the ministry tweeted in its official Twitter account.

The ministry also said the Rs 2,000 notes have a safety feature, which is called "intaglio" (a design that is incised or engraved into a material).

"To identify a genuine note when you rub it against a cloth, a turbo-electric effect is generated and it is due to this that the note's ink gets transferred on to the cloth," the ministry said.

Prime Minister Narendra Modi Friday chaired a meeting of senior ministers to discuss the government's strategy in Parliament. Parliamentary affairs minister Ananth Kumar, finance minister Arun Jaitley and urban development minister Venkaiah Naidu were present in the meeting.

Meanwhile, the Lok Sabha was adjourned for the day after a relentless opposition demanded moving an adjournment motion to discuss the demonetisation issue.

As soon as the House met for the day, leader of congress in the Lok Sabha Mallikarjun Kharge demanded that the issue of scrapping of Rs 1000 and Rs 500 denomination notes be discussed through an adjournment motion and not the rule proposed by the government.

Parliamentary affairs minister Ananth Kumar said the government was willing to discuss the issue and there was no need to press for an adjournment motion.

As he said the entire nation was with Prime Minister Narendra Modi on the issue of demonetisation, a united opposition raised slogans and rushed into the Well.

Members of Congress, TMC and Left parties were seen in the Well.

"You don't want to run the House," Speaker Sumitra Mahajan said adjourning the proceedings for nearly 50 minutes till noon.

When the Lok Sabha reassembled, opposition members continued their protest, leading to adjournment for the day.

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Notes ban: Problem is serious, we will have riots, says Supreme Court

For the second time in a week, the centre faced tough questions on the notes ban from the apex court

The Goan Network
Published Nov 19, 2016, 12:00 AM IST
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Notes ban: Problem is serious, we will have riots, says Supreme Court

Notes ban: Problem is serious, we will have riots, says Supreme Court For the second time in a week, the centre faced tough questions on the notes ban from the apex courtagencies NEW DELHI For the second time in a week, the Centre has faced tough questions on the notes ban from the Supreme Court, which cautioned on Friday: "We will have riots on the streets." Chief Justice of India TS Thakur said petitions challenging the ban on Rs 500 and Rs 1,000 notes indicate the…

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