PM may attend Rajya Sabha; 82,000 ATMs recalibrated


currency notesThe Opposition, which has disrupted Parliament proceedings since the start of Winter Session demanding PM Narendra Modi’s presence in the House during demonetisation debate, may get its wish after all.

Narendra Modi will attend Rajya Sabha on November 24, but it is not likely where he would address the House.

But as per latest reports, just before November 24 session, the Opposition stated that it was not keen to hold talks with the government till November 28.

Ever since the Winter Session of Parliament began, the Opposition members demanded the PM to speak to them on the demonetisation issue. Though most MPs support the government in its fight against black money, they oppose the way it has been implemented.

Refusing Opposition’s demand to rollback demonetisation, Union Minister M Venkaiah Naidu said the decision has been taken keeping in view of the farmers’ welfare and marginalised sections of society and to unearth black money.

For the fifth consecutive day on November 23, proceedings in both Houses of Parliament were disrupted and no business could be conducted in the uproar.

Even as the Opposition was disrupting Parliament over demonetisation issue, in a survey on Narendra Modi app, as many as 93 per cent of the five lakh respondents from 2,000 different locations supported demonetisation issue. The PM’s website showed that only 2 per cent viewed demonetisation in a negative manner.

The survey on the Modi app received more than 400 responses every minute. Also, 24 per cent of the responses were in Hindi.

Union IT and Telecom Minister Ravi Shankar Prasad read out the results of the survey at a Cabinet meeting, making the PM say that it “reflects the mood” of the people.

Stating that interest rates were going downhill, Also, days after Modi said interest rates were decreasing, SBI on November 23 reduced bulk deposit rates by up to 1.9% taking advantage of the rise in deposits following demonetisation.

SBI has reduced interest rates on bulk deposits ranging between Rs 1-10 crore. . effective tomorrow, SBI website showed.

With the revised interest rates, the 180 to 210-day fixed deposit will attract 1.90 per cent lower interest rate at 3.85 per cent as against the 5.75 per cent earlier.

Acknowledging that farmers have been among the hardest hit by the cash crunch due to demonetisation, the Centre to announce for announced a special window of Rs 21,000 crore to district central cooperative banks to ensure smooth agriculture-related operations during the current rabi season.

Economic Affairs Secretary Shaktikanta Das said nearly 82,000 of the 2.2 lakh ATMs in the country had been recalibrated to dispense new currency.

Rs. 21,000 crore would enable these banks to sanction and disburse crop loans to farmers through the network of PACS.