Center Constitutes Committee To Check Implementation Status Of Demonetization Move

Center Constitutes Committee To Check Implementation Status Of Demonetization Move. The Central Government has formed a committee on November 22, 2016, comprising Additional Secretaries, Joint Secretaries and Directors to know about the status of implementation of its recent decision of scrapping 500 and 1000 rupees currency notes.  Each officer of the committee will visit different

States and Union Territories separately with main focus on the rural areas and submit its report by 25th of this month.

iii. The committee will submit its report by November 25, 2016 report on the challenges and general opinion regarding the implementation of the scheme.

iv. Objective of the Committee:

1.To check the currency availability across the State in bank branches, ATMs and post offices.

2.To look at the facilities at bank branches and post offices regarding deposit, withdrawal and exchange of currency.

3.To check the impact of the decision on various segments including households, agriculturists, wage earners, traders, transportation, industries, informal sectors and small business.