Govt did not plan demonetisation well, says Kolkata HC

The Kolkata High Court on Friday said the frequent changing of guidelines in the demonetisation initiative shows that the Union Government did not plan it well.

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Kolkata, Nov 18: The Kolkata High Court on Friday said the frequent changing of guidelines in the demonetasion initiative shows that the Union Government did not plan it well.

"Centre has not applied its mind properly, everyday they are changing procedures, means there was no homework," news agency ANI quoted Kolkata HC as saying.

Demonetisation Crowd

The court also expressed concern over the "lack of sincerity" among bank employees.

"we cannot change Govt policy but lack of sincerity of bank employees is there," the court said.

Since the demonetisation announcement on Nov 8, people have been waiting for hours in long queues at banks, mostly to exchange the banned notes for new currency.

Meanwhile, banks have already scaled down the amount that can be exchanged from Rs 4,500 to Rs 2,000. Only a one-time exchange is allowed across the counter of a bank or post office, but the old notes can be deposited in banks till December 30.

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