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Govt forming tech teams to popularise e-wallets to beat demonetisation woes

by India Blooms News Service 14 Nov 2016, 11:09 pm

#Govt forming tech teams to popularise e-wallets to beat demonetisation woes

New Delhi, Nov 15 (IBNS): To beat the rush for cash, the Union government has requested the places of worship to deposit notes of smaller denominations so that they can be dispensed to people, said Shaktikanta Das, Economic Affairs Secretary, on Tuesday, according to media reports.

While the Supreme Court of India has refused to stay the government's move to demonetise currency notes of rupees 500 and 1000, it also said that the common man should not be left to suffer.
 
The Economic Affairs Secretary, Shaktikanta Das, also said that Special Task Force is being set up to monitor infusion of fake currency especially in the vulnerable areas, media reported.
 
Das said that tech teams are being formed formed to popularise use of e-wallets, and to oversee that ATMs are re-calibrated as early as possible.
 
To foil the attempts of some to turn black money into white amid the nationwide demonetisation crisis, banks have been directed by the union government to use indelible ink while exchanging banned Rs. 500 and 1,000 notes, said media reports on Tuesday.
 
Jan Dhan accounts with deposits above 50,000 rupees will be closely monitored, said Das on Tuesday.
 
 

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