|Central observer visits Gangtok to review demonetisation process|
GANGTOK, Nov 27 - Central Government Observer A K Yadav was on a three-day visit here to review the financial situation in Sikkim after the demonetisation of Rs 1,000 and Rs 500 currency notes.
During the visit, he assessed the currency availability across the State in the bank branches, ATMs and post offices, besides calibration of ATMs, a press note issued by the State Government said.
Yadav, Joint Secretary in Union Ministry of Statistics and Programme Implementation, held a series of meetings with Chief Secretary AK Shrivastava, Principal Secretary, Finance, MG Kiran, officials of Chamber of Commerce, State Bank of Sikkim and Trade & Industries and Director, Postal Services here on Thursday.
In the meeting with the Chief Secretary, various issues were discussed as regard law and order situation, flow of currency, non-functioning of ATMs in the State and non-availability of currency notes especially in rural areas.
Managing director of the State Bank of Sikkim brought to Yadav’s notice that post-demonetisation, chest banks have stopped providing currency notes to them due to which they are facing difficulties and unable to serve the 40 bank branches all over the State.
In the meeting with representatives of the Chamber of Commerce, Trade & Industries, Yadav was apprised about the various problems in the post-demonetisation scenario.
Yadav advised bankers to follow the uniform guidelines issued by RBI, ensure immediate calibration of ATMs and refilling of ATMs with adequate cash so that people are not inconvenienced.
Later in the day Yadav held a meeting with representatives of Bankers and Director, Postal services, where he advised them to make available adequate flow of money in Sikkim for smooth functioning of economy and to ensure that the public is not inconvenienced during the transition period. – PTI