UDF to observe black day over currency crisis

The United Democratic Front will observe Thursday as black day in protest against the negative attitude of Central government in addressing the shortage of currency notes.

Opposition Leader Ramesh ChennithalaOpposition Leader Ramesh Chennithala said in a press release that true character of the government was visible in it marking the poor, who queue up before banks for exchange of demonetised note, with indelible ink while writing off loans of millionaires.

State lobby for cooperatives, Centre tightens control on exchange of notes

Queue before banks to exchange notesKerala government continued to lobby for cooperative in the State even as Reserve Bank of India tightened controls.

Minister for Cooperation A. C. Moideen wrote to the Union Finance Minister Arun Jaitley and held discussion with Reserve Bank authorities here on Monday.

Government extends dates for tax payments

Thiruvananthapuram: Chief Minister Pinarai Vijayan announced here on Sunday that government was granting time till November 30 for remittance of tax and other dues to the government.

The Chief Minister said that the time would be given till the end of month for remittance of various fees, utility bills, building tax and other payments due this month.  Vehicle tax payable by autorikshaws and taxis could be paid without fine till the end of this month.

However, these exemptions would not apply to VAT, excise and repayment of loans.

Economic activity hit owing to shortage of currency

Economic activities continues to suffer on account of the failure of banking system to pump in enough new currency notes after demonetisation of Rs. 500 and Rs. 1000 notes.

new Rs. 2000 noteSales were diminished in retail markets where much of the sales were based on cash. Even those in possession of the new Rs. 2000 notes could not buy things as retail outlets did not have change. 

Heavy rush to exchange notes

Queue before RBI to exchange notes on ThursdayBanks in Kerala witnessed heavy rush of people to change 500 and 1000 rupee notes, which ceased to be legal tender, on Thursday.
Long queues were seen at Reserve Bank of India and major banks and post offices.  Issue of new notes from Post offices were delayed at several places as currency had not reached them.


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