Top highlights of Economic Affairs Secy Shaktikanta Das' media address on remonetisation

15 December 2016, 09:05 PM
Economic Affairs Secretary Shaktikata Das (ANI Image)
Economic Affairs Secretary Shaktikata Das (ANI Image)

Economic Affairs Secretary Shaktikata Das on Thursday addressed the media on the issue of demonetisation and US fed rate hike.

Here are the live updates: 

#Actions enforcement agencies are taking on illegally accumulated money is based on specific inputs, surgial action you may call it: S Das

#There are 2 lakh 20 thousand ATMs and more than 2 lakh ATMs have already been re-calibrated: Shaktikanta Das
 

#Total number of notes in lower denominations of Rs 100 & below supplied in last 5 weeks is 3 times of what RBI supplies in an year: S Das

#Banks prefering supplying cash via branches to their customers than through ATMs: Shaktikanta Das,EA Secy

#Actions enforecement agencies are taking on illegally accumulated money is based on specific inputs, surgial action you may call it: S Das

#Airlifting of currency to continue wherever necessary, emphasis on rural areas to ensure enough cash: Economic Affairs Secy Shaktikanta Das

#Intial focus was to supply 2000 notes to replace value that was taken out of the market. Now focus is on printing more of Rs 500 notes:S Das

#First time notes were indigenously designed in house with security features,makes notes more secure with less chance of counterfeiting:S Das

#Possibility of counterfeiting new 500 & 2000 notes is very very less. Also,they are completely indigenous:Shaktikanta Das

#Our markets had already factored in the rate hike and they would remain fairly stable:Shaktikanta Das,EA Secy on US Fed rate hike

First Published: Thursday, December 15, 2016 04:53 PM
For all the latest News Download the News Nation App available on Android and iOS.