FinMin: Govt not eyeing lockers or jewellery

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In an effort to end rumours, the Finance Ministry on Friday confirmed there was no plan or move to seal any bank lockers and neither was is true that the ink of the new Rs 2,000 notes has been bleeding in some cases.

Tweeting about the truth in ‘myth and reality’ format, the Ministry said, “Myth: Next move is to seal bank lockers and confiscate gold, diamonds and jewellery. Reality: This is baseless.

 There is no proposal to seal bank lockers and confiscate the jewellery.”

Besides, the Ministry also said the Rs 2,000 notes have a ‘intaglio’ (a design that is incised or engraved into a material) safety feature.

“To identify a genuine note when you rub it against a cloth, a turbo-electric effect is generated, which and it is due to this that the note’s ink gets transferred on to the cloth,” the Ministry said.

The Ministry did seven tweets in Hindi in myth and reality format on the social media.

The Ministry, however, rebutted the rumours that the Government’s demonetisation move on black money was only a cosmetic exercise and that people would be able to find out other ways to keep their black money.

“The enforcement agencies are keeping a vigil. Necessary changes have been made in Benami Transactions Act and in agreement of sharing information for curbing black money,” the Finance Ministry tweeted.

It also refuted reports new notes have chips intalled in it for keeping a tab on black money hoarders. “These are all baseless and imaginary reports,” it clarified.

“All precautions were taken to keep the move confidential and nobody was aware about this move or its preparations,” said one of its tweets.

Daily Pioneer
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