Demonetisation LIVE | PM Modi says poor sleeping peacefully, corrupt troub

Economic affairs secretary Shaktikanta Das announced on Monday, TMs will begin dispensing higher denomination currency notes from today or tomorrow.

“A raft of other measures that were decided upon in a meeting between the Prime Minister and other senior minister in the early hours of Monday,” The DEA secretary also announced.

On Monday Banks and ATMs will be shut in some parts of the country on account of Guru Nanak Jayanti.

While people’s patience wore thin as they waited in long queues for hours outside banks and ATM kiosks, Opposition parties continued to pile pressure on the government.

Live updates

10.30 am: ATMs are expected to remain operational. Banks will remain shut in some parts of the country.

11:00 am: Government officials announced on Sunday night, The exemption on accepting old Rs 500 and Rs 1000 notes in certain categories has been extended to November 24. Exemptions such as airports, petrol pumps, utility bills, railway tickets, run out midnight on Monday.

11:30 am: Economic Affairs Secretary says, Banking correspondents will be now allowed to withdraw cash multiple times and can now hold up to Rs 50,000 cash.

11:40 am: Economic affairs secretary says, Machines will start dispensing higher denomination including Rs. 2,000 notes from today or tomorrow. ATM recalibration has begun.

12:00 pm: on Monday Large numbers of ATMs that ran out of cash, have not been replenished as banks remained closed on Guru Nanak Jayanti.

12:25 pm: The poor are sleeping peacefully, while the corrupt are not able to buy sleeping pills today, Prime Minister Narendra Modi tells crowd a public gathering in Ghazipur.

12:45 pm: Prime Minister Modi says, “There is no dearth of money in India, the problem is where that cash lies.”

12:50 pm: PM Narendra Modi at a public address in Ghazipur said “There is pain in any work you start but intentions should be clean.” “I am greatly pained by the trouble caused (by demonetisation) to the common man.”