Blog Entry# 2060154
Posted: Nov 15 2016 (07:43)
Last Response: Nov 15 2016 (07:43)
Commentary/Human InterestNov 15 2016 (07:16) Railways to accept Rs 500, Rs 1000 notes till November 24
rdb*^ 125949 news posts
NEW DELHI: Railways on Monday extended the use of defunct Rs 500 and Rs 1000 currency notes, which have been demonetised by the Modi government, to purchase tickets and for onboard catering till November 24.
The government had earlier allowed use of the old currency at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds and petrol pumps till November 11 which was extended to November 14 and now further extended to November 24.
The use of demonetised currency notes of Rs 500 and Rs 1000 denomination was...
Nov 15 2016 (07:43)
For Better Managed Indian Railways~ 1933 blog posts
This step aimed to "help out" genuine persons facing shortage of the currency notes is a reaction of the media reports and is a double edged sword. Most likely more of the notes exchanges/deposits will be done indirectly by the black money hoarders using poor people to do it on their behalf, in exchange of a commission.
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