Withdrawal restrictions to be lifted soon: Venkaiah

Talking to media at Aatkur, near here on Sunday, he said Prime Minister Modi is reviewing the situation every two days and Finance Minister Arun Jaitley is reviewing every day and taking steps to resolve the problems of people in withdrawing money from banks and ATMs. 

“The Centre has taken the initiative in the form of demonetisation of higher valued currency notes to contain black money and eradicate corruption. But the Opposition parties are not cooperating with the Centre. They stalled the Parliament on the issue” he charged. 

Claiming that the demonetisation would benefit crores of people, he said it would affect the people, who indulge in corruption and hold black money. 

The Minister explained that on November 8 after the announcement of demonetisation by the Prime Minister, some gold jewellery shops in Hyderabad did Rs 100 crore business within a couple of hours. The CCTV in the shops were switched off during the transaction, he said and added the government had full details on  who purchased such a huge quantity of gold jewellery. 

Meanwhile, BJP State President and MP Haribabu, addressing a press conference, admitted that people were facing problems due to demonetisation, and at the same time they are backing it. “If the Opposition parties had allowed for a debate on the issue in Parliament, the Centre would have allayed all fears and doubts on the issue. But the Opposition obstructed the entire session and even the Prime Minister was not allowed to speak”, he said. 

MP Haribabu added that Rs 5.50 lakh new currency notes had been supplied by the RBI and more than 2 lakh ATMs had been recalibrated.