Tag: Demonetisation

Kendrapara : While scrapped currency notes are nothing but pieces of paper for one and all, it is priceless treasure for a 50-year-old collector in Kendrapara Town of Odisha. Mohammad Mustaque, a legal practitioner, has converted his house into a miniature museum of notes. He has preserved currencies right from Rs 1000 denomination, demonetised in […]

Berhampur: Weavers in ‘silk city’ Berhampur are feeling the heat of demonetisation, with number of orders dwindling despite it being the marriage season, as cooperatives are unable to pay these artisans, apparently due to cap on the withdrawal limit. “The sale of Berhampuri patta has come down by 60 per cent while the cooperative societies […]

Sambalpur: The Paschim Odisha Krushak Sangathan Samanway Samiti (POKSSS) has threatened to launch stir over cash crunch following the demonetisation drive. “Farmers have money in their bank accounts. But, they are unable to withdraw the money because of scarcity of cash in banks. Farmers require cash for labour payment, transportation of paddy to market yards and […]

Bhubaneswar: Charging the Odisha government of creating confusion among the public over demonetisation scheme, Union Oil Minister Dharmendra Pradhan today said more currency notes of Rs 500 will reach market here tomorrow. “I wonder how the state government is creating confusion among the people over the demonetisation issue. There are about 20,000 outlets of SBI […]

Bhubaneswar: With the members of both the Opposition and treasury bench expressing concern in the Assembly over the difficulties faced by the people due to demonetisation, the Odisha government today said there was “acute shortage” of Rs 100 and Rs 500 currency notes in the state. “There is acute shortage of Rs 100 and Rs […]

Bhubaneswar: The Odisha Assembly was today adjourned twice due to pandemonium over demonetisation issue, which completed a month yesterday. The issue was raised by Opposition Chief Whip TaraprasadBahinipati of Congress who demanded a statement from OdishaFinance Minister Pradip Kumar Amat. “The situation has become akin to the Emergency due to scarcity of cash in the […]

Sambalpur: In a bid to promote cashless transactions, Sambalpur Municipal Corporation (SMC) is all set to use swipe machines for collection of taxes shortly. Deputy Commissioner of the SMC, Sudhansu Bhoi said, “We have already asked the HDFC bank to provide us two swipe machines. While one swipe machine will be installed at the office of […]

Berhampur: Scarcity of essential commodities is feared in some parts of Odisha with transportation of goods badly hit by the limit on withdrawal of cash from accounts and ATMs since the Centre’s demonetisation move. President of Ganjam District Truck Owners Association Pramod Kumar Jena said around 70 to 80 percent of trucks could not operate […]

Bhubaneswar: Strongly opposing the Centre’s demonetisation decision, the Congress and five Left parties will stage separate demonstrations across Odisha tomorrow. Odisha Congress chief Prasad Harichandan said the party would organise ‘Jana Akrosh’ rallies across the state. He said demonstrations and rallies would be held in all the 314 blocks and 30 districts of the state. […]

Kendrapara: The hitherto dormant Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts in nationalised banks have now sprung to life and are flush with cash in several parts of Odisha, thanks to demonetisation drive. The post offices are also witnessing sudden upsurge of deposits of scrapped notes with inoperative accounts being made operational by account holders […]

Kendrapara: Stiff guidelines set by the RBI for withdrawal of Rs 2.5 lakh for a marriage have made it difficult for banks to disburse the amount, making the government’s move to ease cash crunch for wedding families a non-starter. Though bankers received procedural circular in this regard on Tuesday, withdrawal for wedding purpose is yet […]

Kendrapara: The Odisha Police today seized scrapped Rs 1,000 denomination notes worth Rs 25 lakh after intercepting a car in Kendrapara district. Acting on specific information, the demonetised cash was seized and a Cuttack-based Jewellery trader was detained, Inspector Kendrapara Police station, Sanjeev Mohanty said. “We are examining whether the scrapped notes were black money […]

Bhubaneswar: Chief Minister Naveen Patnaik today asked Prime Minister Narendra Modi to exempt the provision of PAN Card number for people belonging to Scheduled Areas of Odisha for bank deposits beyond Rs 50,000. “I would request your good office to kindly exempt the Scheduled Area of our state from the insistence on PAN Card number […]

Bhubaneswar: With touts exploiting people in rural and unbanked regions of the state in the aftermath of the demonetisation, the Odisha government today decided to provide banking service at gram panchayat offices. The decision in this regard was taken at a high level meeting presided over by Chief Minister Naveen Patnaik here. “The panchayat offices […]

Utterances by politicians – and economists – on the second ‘death anniversary’ of the Rs. 1000 note have been on predictable lines. Depending on which side of the political divide they are, these wise heads have either been heaping praise on the Modi government for this ‘bold’ move that allegedly marked a ‘turning point’ in […]