Akhilesh announces acceptance of Rs 500/1000 notes for land registration till Nov 24th; Demonetisation done in haste, says Pilot

New Delhi: The Uttar Pradesh Chief Minister Akhilesh Yadav, on Tuesday, announced that Rs 500/1000 old notes will be accepted for land registration till Nov 24th. Reportedly, the move is taken keeping in mind the difficulties faced by people due to demonetisation by the Central government. Earlier in the day, the UP CM said-"There should have been certain relaxation for farmers at least. Not a sensible decision, people are facing consequences now". Meanwhile, the Congress party, on Tuesday, said that demonetisation will have an adverse effect on GDP due to freezing of 86% of banknotes in value terms. While hitting out at the Prime Minister Narendra Modi, Congress asked why is the Prime Minister  not divulging the names of those holding black money. The party also opposed the move of exchanging defunct notes with indelible ink and said government preventing them (people) from withdrawing own money. Demonetisation done in haste ignoring people: Sachin Pilot The PCC President Sachin Pilot today hit out at the Modi government saying its decision to demonetise currency notes of 500 and 1000 rupees has badly hit the common people. "The decision was taken in haste by ignoring the people who are facing hardship due to mismanagement," Pilot said in a statement. He said that the Centre created an "economic crisis" without taking into consideration the problems faced by the people. "The PM is seeking time of 50 days but the reality is that people are getting deprived of daily commodities due to lack of valid currency," he said. MP: Supply of essential items to be hit in MP as currency crunch deepens Demonetisation of high-value currency notes will affect the supply of essential commodities in Madhya Pradesh as nearly 60 per cent of the trucks are stranded due to the currency crunch, a top official of the truckers' body said today. "Because of the demonetisation of Rs 500 and Rs 1,000 currency notes and lack of availability of the (new) currency, we are able to run only 40 per cent of the trucks, while the remaining 60 per cent remain stranded," Madhya Pradesh Motor Transport Association president Parvinder Singh Bhatia told PTI. He said the Centre's demonetisation move has not only affected the transporters, but also the supply of essential goods. Bhatia said transporters used to give a certain amount of money to the drivers towards the necessary expenses during transportation. "But, after the sudden announcement of Prime Minister Narendra Modi to ban Rs 500 and Rs 1,000 banknotes on November 8, the drivers on the long routes are facing difficulties," he added. Cities such as Indore, Bhopal, Jabalpur, Gwalior and Burhanpur are the major centres for transporting goods and they are badly hit by the Centre's decision, Bhatia said. Which finger will be inked for notes exchange: A right hand finger to be inked for currency exchange and left hand finger is inked after voting, an official said, reported PTI.