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Demonetisation issue: Mamata Banerjee to meet President

Demonetisation issue: Mamata Banerjee to meet President

| | 13 Nov 2016, 04:31 pm
Kolkata, Nov 13 (IBNS): West Bengal Chief Minister Mamata Banerjee on Sunday said President Pranab Mukherjee has agreed to meet her and representatives of other political parties over the issue of demonetisation.

"The Hon President was kind enough to take my call now. I briefed him about how common people are suffering because of demonetization," Banerjee tweeted.

She said: "I thank him for agreeing to meet reps of political parties on Nov 16 or 17 where we will brief him in detail on the grim situation."

In unprecedented scenes, millions of people since Thursday morning thronged in front of banks across the country to deposit the now-invalid Rs. 500 and rs. 1000 notes.

The Government asked the people to deposit their Rs. 500 and Rs. 1000 notes in banks within a specific time frame and get smaller denominations in exchange.

It has also  announced that deposits above Rs. 2.5 lakh will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner's income.

The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30.

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