There's enough cash to last beyond Dec 30: Arun Jaitley
Finance Minister Arun Jaitley has said that the RBI has more than adequate cash to last not just till December 30 but even beyond it. "We were prepared. There has been no day when RBI did not dispense adequate cash to banks," Jaitley said. "Anyone who has old currency notes can only go and deposit them in banks," he added.
Finance Minister Arun Jaitley today said that no questions will be asked if any amount of old currency is deposited in one go, but repeated deposits may invite questions from concerned authorities. Talking to reporters in New Delhi , the Finance Minister also slammed the Opposition for accusing the Modi government of going ahead with the huge decision of taking out Rs 500, 1000 notes from circulation without any proper planning. "We were prepared. There has been no day when RBI did not dispense adequate cash to banks. Even today, RBI has more than adequate cash to last not just till December 30 but even beyond it," Jaitley told reporters. Jaitley said small traders and businesses will get a tax advantage of more than 30 per cent for digital transactions. 'DEPOSIT ALL MONEY IN ONE GO'(With inputs from IANS) Also read: