11 Nov-2016.Qxd

C M C M Y B Y B Postal Regd No- JK/485/2016-18 Internet Edition : www.truthprevail.com, E-paper : epaper.truthprevail.com RNI No. JKENG/2012/47637 T3 ru6th P8 revFaair and Fiearl ess * Mehbooba reviews key dev projects at Kishtwar * I'm happily single, says Shraddha Kapoor * JWAM holds protest against state govt * Dy CM for preserving, propagating regional languages * Faking A Smile May Not Make You Happier: Study * Sat Sharma inaugurates newly constructed works at Ward 37 of Janipur email : [email protected] VOL 5, ISSUE NO. 310 JAMMU & KASHMIR FRIDAY NOVEMBER 11, 2016 DAILY 8 PAGE Re. 1/- IInnssiiddee The Note Rush : People Queue Outside Banks to Exchange Old Ones Army Foils Infiltration Income Tax Dept Conducts Multiple NEW DELHI : Huge before they could replace old announcing the decision. Bid in Baramulla, One rush and long serpentine cues higher denomination notes or Only a maximum of Rs were witnessed today at withdraw from their bank 4,000 per person in cash irre - Militant Killed banks, which opened today accounts using pay-in slips or spective of the size of tender SRINAGAR : A militant RNEWa iDEdLHsI : iTnhe Din tweo soluthh Inidia,n cMities. umwereb plaannedi ,a ftOer CtBDhT esomre pCrelimiintaryi deocusments after a day's break, as people cheques. was being given per person was today killed as army Income Tax department Sources said the depart - Chairman Sushil Chandra have been seized. jostled to get lower denomi - Besides banks, select post after submission of valid foiled an infiltration bid near today conducted multiple ment had received "action - yesterday asked all the inves - Finance Minister Arun nation currency and new ban - offices were also replacing identity proof. Anything over the Line of Control (LoC) in raids in Delhi, Mumbai and able inputs" that some tigation units in the country Jaitley today assured people knotes to pay for their daily old high denomination and above this value was Baramulla district of north other cities in the wake of traders, jewellers, currency to keep a check on suspicious that taxman will not hound basic needs. (OHD) currency notes of Rs credited to bank account. Kashmir. A group of mili - reports of alleged profiteer - those making small deposits With ATMs also Banks set up additional tants tried to infiltrate in ing and subsequent tax eva - in scrapped Rs 500/1,000 shutting down soon counters to change cash as Rampur sector in Baramulla, sion by traders by converting currency adding, however, after Prime Minister also allow withdrawal from but their attempt was thwart - withdrawn currency notes in people with "large amounts Narendra Modi on bank accounts through ed by the alert troops, an an illegal manner. of undisclosed monies will Tuesday night cheque or withdrawal slips army official said.During the Interestingly, the opera - have to face the conse - announced withdraw - with a ceiling of Rs 10,000 exchange of fire, one mili - tions (surveys) were quences under the tax laws". al of 500 and 1,000 in a day within an overall tant was killed, he said.The launched from the evening as Top I-T department offi - rupee notes from cir - limit of Rs 20,000 in a week operation was in progress, the taxman wanted some cials had yesterday said the culation in a bid to (including withdrawals from the official said, adding fur - hard cash to get accumulated government's directive to flush out black ATMs) for the first fortnight ther details were awaited. at the payment counters to them is "very clear", saying money, citizens i.e. up to November 24. Govt's Commitment to make the action effective. any instance of tax evasion queued at banks to get the 500 and Rs 1,000 with new Once the ATMs are fully Rooting Out Corruption Officials said the opera - and black money should be limited quota of cash that Rs 2,000 banknotes. functional, withdraw up to a tions are being carried out at dealt with strictly, especially 'Unwavering' : Modi they are initially entitled to. People seemed excited maximum of Rs 2,000 per least at four locations in the after two opportunities in the Only a few ATMs were after getting new Rs 2,000 card per day up to November NEW DELHI : In his national capital including form of one-time stash decla - working and most of them notes from banks and clicked 18, 2016 will be allowed. first comments after demon - popular market places like ration window has been pro - will be back in operation pictures holding the new ban - The limit will be raised to Rs etisation of Rs 500 and Rs Karol Bagh, Dariba Kalan exchanges and hawala deal - movement of huge cash and vided. only tomorrow after the knotes in their hands. 4,000 per day per card from 1000 currency notes, Prime and Chandni Chowk, three ers were allegedly exploiting other illegal transactions In a surprise move, Prime tedious job of removing the Some, however, com - November 19, 2016 onwards, Minister Narendra Modi locations in Mumbai and few the recent currency demon - leading to tax evasion. Minister Narendra Modi had non-defunct banknotes and plained of the restrictions bankers said. today said government was others in Chandigarh and etisation of Rs 500 and Rs Officials added that on November 8 announced stocking them with lower placed on exchanging OHD Banks have been ordered unwavering in its efforts to Ludhiana. 1,000 notes and were chang - almost over 100 tax sleuths demonetisation of Rs 500 denomination bills and new and withdrawals from the to remain open on the week - create an India that is corrup - Till reports came in, simi - ing currencies at "discount - along with police officials and Rs 1,000 notes and intro - hard-to-fake Rs 500 and Rs banks. Many felt the govern - end as well as function late tion free. lar survey operations by I-T ed" prices, thereby profiteer - have been roped in for the duction of the new Rs 500 2,000 notes is completed. ment should have done all till 9 PM for three days "I assure you the authorities are also under - ing illegally. survey operations. and Rs 2,000 ones with addi - People complained of preparations, including beginning today to deal with Government is unwavering stood to have been launched They said the operations At few places, they said, tional security features. having to wait for a long time stocking ATMs, before the huge rush. in its effort to create an India that is corruption free and Global Agencies Not Fully fruits of development touch Donald Trump has offered CS for hassle-free transaction in banks every citizen," Modi, who is Recognising India's Efforts : Jaitley on a three-day visit to Japan mediation on Kashmir NEW DELHI : Finance Moody's too has from today, tweeted. after demonetization of currency notes JAMMU, NOVEMBER The Commissioner/ observed that necessary Minister Arun Jaitley today expressed its inability to In a surprise decision, issue : Pak Foreign Office expressed disappointment upgrade India's rating in the Modi had on Tuesday night 10 : Chief Secretary, Mr B R Secretary Finance informed instructions to all the Deputy Islamabad : Pakistan Trump becomes president. Sharma convened a high- that the matter has been Commissioners have been that India has not received next two years because of announced withdrawal of Rs full recognition from global muted private investment 500 and Rs 1,000 notes from has said that US president He said that it will be level meeting here today to reviewed with the authorities issued to provide requisite elect Donald Trump has Pakistan`s endeavor to pro - take stock of the situation in Jammu and Kashmir Bank support including security to agencies for its efforts over and rising NPAs. circulation in a bid to flush the last two-and-a-half years Jaitley said that when the out black money. offered mediation between mote and strengthen the arising in the State in the and it has been assured that the banks to cope up the rush Pakistan and India on the existing relationship in aftermath of demonetization there is no dearth of currency of the clientele wherever in improving the ease of Modi government took "It is also heartening to doing business. charge in May 2014 the first learn that people are actively Addressing Economic challenge was to re-estab - volunteering to help senior Editor's Conference here, he lish credibility of decision citizens withdraw money C M said the country has func - making process and the gov - C M and exchange their currency. Y B tioned under adverse global ernment has not shied away y B Such warmth, enthusiasm environment during this from taking necessary deci - and the patience to bear lim - period. sions. ited inconvenience for a "I must acknowledge and "The second important greater good is indeed very state that the kind of steps factor is, despite decisive - heartening," Modi further we have taken, we still have ness, we have endeavoured tweeted. not got from international our best to take as many as Yasin Malik agencies the full recognition decision as possible through Detained Ahead of of the effort we have put in," a large consensus route. We Separatists March he said. have not delayed decision The comment assumes making indefinitely for SRINAGAR : Jammu significance as India contin - want of consensus but we and Kashmir Liberation ues to be ranked low, at have created adequate space Front chairman Mohammad 130th position, in terms of and environment for that Yasin Malik was today taken of Rs 500 and Rs 1000 cur - notes of Rs 100 denomina - required.

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