Government has betrayed solemn assurance: Congress

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NEW DELHI: Congress has termed as ‘betrayal’ the Centre’s latest decision to impose a Rs 5,000 ceiling on deposits that can be made with withdrawn currency notes to each account without explanation. TheOpposition party also termed as “another surgical strike on common people”, the decision to slash the interest rate of Employees Provident Fund.

“The decision to impose a Rs 5,000 ceiling on deposits in old currency by the deadline of December 30 is a major betrayal of the solemn promise the Modi government had given to the people of India. It also marks the latest in a series of bizarre policy U-turns by the Finance Ministry since thedemonetisation was announced.

Apart from causing further hardships to the ordinary Indians who wanted to deposit their hardearned old notes, the decision is taken out of fear, as almost all old currency notes have returned to banks, and is an admission of failure by the Modi government of its very projected demonetisation goal,” Congress leader Anand Sharma said.

AICC chief spokesman Randeep Surjewala accused the government of turning banks into police stations to question people depositing their harde a r ned money. “According to the government, banks will now carry out an inquiry for deposit of over Rs 5000.

Banks are meant to service the people, they aren’t police stations. By assuming that every Indian is a criminal betrays a criminal mentality of the people making such an assumption.”