Election Commission asks govt to stop using indelible ink for currency exchange
According to the Election Commission, there are a lot elections coming up and the use of indelible ink for multiple purposes can get confusing for the authorities.
- Nov 18, 2016,
- Updated Nov 18, 2016 12:50 PM IST
TheElection Commission has asked government to stop using indelible ink for thepurpose of marking those who exchange currency.
Accordingto the Election Commission, there are a lot elections coming up and the use ofindelible ink for multiple purposes can get confusing for the authorities. The Finance Ministry wasintimated in a letter ahead of 5 by-polls that will be held on Saturday.
Voters aremarked on their left-hand's index finger and if a voter does not have a leftarm, they are marked on the right hand.
After thedecision to demonetize the old Rs 500 and Rs 1000 notes, a lot of black moneyhoarders were left with stacks of cash.
Though themove should have scrapped all those notes for nothing but gradually thehoarders figured out that the cash could be turned white by the use of innocentpeople. Making them repeatedly exchangecurrency for them.
To curbthis, the government came up with the new rule to use indelible ink after everyexchange. A lot of people are also exchanging currency multiple times which isnot allowing banks to deal with the huge cash-crunch in the country.
TheElection Commission has asked government to stop using indelible ink for thepurpose of marking those who exchange currency.
Accordingto the Election Commission, there are a lot elections coming up and the use ofindelible ink for multiple purposes can get confusing for the authorities. The Finance Ministry wasintimated in a letter ahead of 5 by-polls that will be held on Saturday.
Voters aremarked on their left-hand's index finger and if a voter does not have a leftarm, they are marked on the right hand.
After thedecision to demonetize the old Rs 500 and Rs 1000 notes, a lot of black moneyhoarders were left with stacks of cash.
Though themove should have scrapped all those notes for nothing but gradually thehoarders figured out that the cash could be turned white by the use of innocentpeople. Making them repeatedly exchangecurrency for them.
To curbthis, the government came up with the new rule to use indelible ink after everyexchange. A lot of people are also exchanging currency multiple times which isnot allowing banks to deal with the huge cash-crunch in the country.