Situation is almost normal after note ban: Jaitley

Ranchi, Feb 16 (IANS) Union Finance Minister Arun Jaitley on Thursday said the situation in the country is "almost normal" after the November 8 demonetisation move.

"The situation in the country is almost normal after demonetisation," Jaitley said at a press conference here. He was in Ranchi to take part in the Global Investors Summit(GIS) 'Momentum Jharkhand'.

Asked about the figure of deposited banned notes, he said: "The RBI will come out with an accurate figure after completing the counting of banned notes."

He defended the move to demonetise Rs 500 and Rs 1,000 notes on November 8 last year. "There is need to restrict cash business which promotes crimes and tax evasion. The impact on life of people (of demonetisation) is normal."

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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