Mamata’s stinging attack on Modi, asks why are ‘there still restrictions on cash withdrawal?”

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West Bengal chief minister, Mamata Banerjee, on Saturday launched another stinging attack against Prime Minister Narendra Modi asking why there were still restrictions on withdrawal even after the 50-day deadline was over.

Taking to Twitter, Banerjee reminded Modi that public were not ‘beggars’ of his government.

Mamata Banerjee

She said, “Modi Babu, public are not beggars of your Government. Why are there still restrictions on cash withdrawal? 50 days are now over. How can you take away the rights of citizens to withdraw their own hard-earned money? Governments may come into power but they just cannot snatch people’s economic rights.”

Banerjee’s anger came after the RBI refused to remove the weekly withdrawal limit from banks and ATMs and only marginally increased the daily withdrawal limit from ATMs to Rs 4,500.

Many on social media mocked the RBI’s late night announcement citing the non-working conditions of most ATMs across India.

“On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 1, 2017, from the existing Rs 2,500 to Rs 4,500 per day per card,” the central bank said in a notification.

Following demonetisation of old Rs 500/1000 notes on November 9, limits had been imposed on withdrawal of cash from banks as well as ATMs.

The Reserve Bank’s notification further stated “there is no change in weekly withdrawal limits” and such disbursals “should predominantly be in the denomination of Rs 500”.

 

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