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Wednesday, 21 June 2017

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Months after Government's move to demonetise old Rs 500 and Rs 1000 notes, the government on Tuesday allowed the RBI to accept demonetised notes received by the District Central Cooperative Banks (DCCBs) during November 10-14 last year. 

 It is interesting to note that the notification comes on a day when the Shiv Sena announced the endorsement of NDA presidential candidate Ram Nath Kovind. 

The party had last week demanded that the over Rs 2,270 crore lying with the DCCBs be accepted by the Reserve Bank of India(RBI). 

 The notification says that the DCCBs can deposit the demonetised notes, collected during the five-day period after demonetisation was announced on November 8,2016 with the RBI within 30 days from Tuesday.

 The DCCBs has been barred from accepting the old notes after November 14.

 Last Week, Maharashtra Minister Dilip Raote had demanded that the government should allow the RBI to accept the Rs 2,271 crore lying with the DCCBs.

On Monday, Sena Chief Uddhav Thackerey had slammed to move to field Kovind, saying it was meant to appease caste sentiments .But the party made a U-turn on Tuesday.
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