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Possession of demonetized Rs 500 and Rs 1,000 notes beyond March 31, 2017 is Illegal

People can deposit old notes in banks up to December 30 and with the Reserve Bank of India up to March 31 next year

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old notes to become illeagal by 2017
Indian Currency. Pixabay
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New Delhi, December 28, 2016:  The cabinet on Wednesday approved an ordinance which makes possession of demonetized Rs 500 and Rs 1,000 notes beyond March 31, 2017 illegal, providing for a jail term for violators.

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The opposition, however, questioned the logic behind the ordinance and termed the government policy as “rudderless and confused”. It also accused the government of repeatedly bypassing the Parliament over demonetisation and otrher issues.

People can deposit old notes in banks up to December 30 and with the Reserve Bank of India up to March 31 next year.

Official sources said the ordinance — called “The Specified Bank Notes Cessation of liabilities Ordinance” — will be sent to President Pranab Mukherjee, currently in Hyderabad, for approval before notification.

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The ordinance, approved during the cabinet meeting chaired by Prime Minister Narendra Modi, seeks to amend the Reserve Bank of India Act, aimed at extinguishing the liability of the government towards bearers of such notes.

Sources declined comment on whether the ordinance also sought a jail term for violators. “The ordinance primarily seeks to shield the government against future litigations that may follow for not honoring the promise to pay,” a senior official said.

However, the ordinance makes it clear that collection of old notes up to ten in number will not invite prosecution.

Reacting to the developments, a senior Congress leader told IANS: “Is it proper to pass an ordinance on a matter which is sub judiceIJ I think this is a cover up operation to legalize the demonetization order because even its veracity is under judicial scanner.

He also questioned the logic behind bringing an ordinance barely a month before the next Parliament session.

Trinamool Congress (TMC) Rajya Sabha MP Sukhendu Sekhar Roy called the NDA dispensation as “government of ordinances”.

“The government has gone berserk. They are bringing one notification after another. They are suffering from utter confusion…there is no cohesion between the government and the RBI,” Roy told IANS.

Janata Dal United (JDU) leader K.C. Tyagi called the government policy on demonetisation as “rudderless”.

“On one hand the Prime Minister has said that after March 31 next year, the old currency notes would be ‘kagaz ke tukre’ (worthless pieces of paper). Now where on earth is it illegal to possess worthless paper,” Tyagi asked.

“Ever since November 8 they have brought 61 notifications. This shows their bewilderment and lack of policy direction,” Tyagi told IANS.

CPI(M) General Secretary Sitaram Yechury said the government has chosen this back door ordinance method to bring in the law.

“We are against this ordinance raj,” he said.

–IANS

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Willing To Shut Government Over Wall Funding: Trump

The House Republicans have always wanted to secure the border, the House Republicans have been passing bills to secure our border.

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U.S. Border Patrol officers on horseback watch President Donald Trump (not pictured) review border wall prototypes in San Diego. VOA

U.S. President Donald Trump says he would “totally be willing” to partially shut down the government next week if he does not get more funding for a wall along the U.S.-Mexican border to thwart Central American migrants from entering the country.

The U.S. leader, who almost daily unleashes verbal attacks on migrants trying to cross into the United States, told the Politico news site he is insisting that $5 billion for wall construction be included in measures Congress needs to approve to keep several federal agencies open after their current spending authority expires December 7.

Opposition Democrats have said they will approve $1.6 billion for the wall, leaving the two sides far apart. Some Republicans are also opposed to Trump’s wall, which he vowed in his 2016 presidential campaign would be paid for by Mexico, although he now wants U.S. taxpayers to foot the bill.

 

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President Donald Trump listens to a question as he speaks to members of the media on the South Lawn of the White House in Washington. VOA

“I am firm,” Trump said of his $5 billion demand.

“I don’t do anything … just for political gain,” Trump said. “But I will tell you, politically speaking, that issue is a total winner. People look at the border, they look at the rush to the police, they look at the rock throwers and really hurting three people, three very brave border patrol folks. I think that it’s a tremendous issue, but much more importantly, is really needed. So, we have to have border security.”

Trump was referencing a Sunday confrontation at the border in which migrants hurled rocks at U.S. Border Patrol officers, with agents repelling the crowd with blasts of tear gas. Rodney Scott, the chief Border Patrol agent in San Diego, California, just north of the Mexican border, said agents were not seriously injured.

“Their shields and their bulletproof vests actually protected them from the rocks,” he said. “We did have a few vehicles that were damaged, some windows and quite a few dents, but none of the agents were seriously injured.”

Donald Trump, democrats, government
U.S. President Donald Trump acknowledges supporters as he arrives for a campaign rally at the Allen County War Memorial Coliseum in Fort Wayne, Indiana. VOA

Even as Trump voiced his determination to win congressional approval for the $5 billion in initial funding for a wall estimated to cost more than $20 billion, he told The Washington Post in a separate interview that he could find other ways to build the wall or add more security along the border.

“I think that’s been shown better than ever in the last short period of two weeks that we need a wall,” Trump told the newspaper. “I see the Democrats are going to want to do something, because they understand, too. Those pictures are very bad for the Democrats. We’re not having a wall because of the Democrats. We need Democrat votes to have a wall.”

“Now, if we don’t get it, will I get it done another way? I might get it done another way,” he declared. “There are other potential ways that I can do it. You saw what we did with the military, just coming in with the barbed wire and the fencing, and various other things.”

Trump, Government
House Speaker Paul Ryan of Wisconsin returns to Capitol Hill following a meeting with President Donald Trump at the White House. VOA

House Speaker Paul Ryan, leader of the current majority Republican bloc in the House of Representatives, told reporters Wednesday that after the nationwide congressional elections in early November, “hopefully … Democrats realize that a secure border should not be a Republican thing, it shouldn’t be a Democrat thing, it’s just good for the country. To actually secure our border. The House is there. We hope the Senate comes with us.”

Also Read: USA Finally Votes On Tuesday To Render Decision On Trump

He added, “Turn on the TV, you can see we have a problem at the border. So, we want to secure our border. The House Republicans have always wanted to secure the border, the House Republicans have been passing bills to secure our border, and I’d like to think that Democrats would also want to join us in securing the border, especially after the election.” (VOA)