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Last updated: 17 Feb, 2017  

Arun.9.Thmb.jpg Situation is almost normal after note ban: FM

Arun Jaitley
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SME Times News Bureau | 17 Feb, 2017
Union Finance Minister Arun Jaitley on Thursday said the situation in the country is "almost normal" after the November 8 demonetisation move.

"The situation in the country is almost normal after demonetisation," Jaitley said at a press conference in Ranchi.

He was in Ranchi to take part in the Global Investors Summit(GIS) 'Momentum Jharkhand'.

Asked about the figure of deposited banned notes, he said: "The RBI will come out with an accurate figure after completing the counting of banned notes."

He defended the move to demonetise Rs 500 and Rs 1,000 notes on November 8 last year. "There is need to restrict cash business which promotes crimes and tax evasion. The impact on life of people (of demonetisation) is normal".
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