Indelible ink marks for cash exchange to weed out repeat customers: Top quotes from Economic Affairs Secy’s brief

Economic Affairs Secretary Shaktikanta Das on Tuesday announced that indelible ink will now be used to identify those who come to banks for currency exchange.  

The step has been taken to curb out people who are coming to banks repeatedly as agents of black marketers or other rich individuals, he said. 

However, the election-like ink mark will not be used for those who are coming to only deposit the cash, allowing them to make repeat trips to the bank at convenience. 

Here are the top announcements from Shaktikanta Das’s presser:  (Read live coverage here)

#Have been trying to analyse reasons for long queues,it has come to notice that same people are coming again at same places: Shaktikanta Das

#To solve this problem we have decided to use indelible ink marks,similar to elections,on cash counters:Economic Affairs Secy Shaktikanta Das

#To ease pressure on banks, a task force has been set up to look after shifting & storing of old notes: Economic Affairs Secy Shaktikanta Das

#Special Task Force set up to monitor infusion of fake currency especially in the vulnerable areas: Economic Affairs Secy Shaktikanta Das

#Have enough stock of salts; no reason for temporary surge in price or shortage; supply of essential commodities being closely monitored: Das

Also read | Micro ATMs to be installed, daily cash limit removed, weekly limit set to Rs 24000: Economic Affairs Secy

#False stories are being spread on social media such as institutions going on strike. On zooming the picture we found it was from 2015: Das

#No reason to panic, enough supply of cash in the banks: Shaktikanta Das, Economic Affairs Secretary

#Situation is improving day by day; sure that it will ease out in the coming days: Shaktikanta Das, Economic Affairs Secy 

#Intaglio ink used in notes that’s reason for colour, its normal you can check on old Rs100 notes if it doesn't it is sign of fake currency: Das