Awakened by the death of four persons while standing in the long queues before ATMs to exchange their Rs. 500 and Rs. 1000 after the demonetization effect, the Kerala government has announced an ex-gretia of Rs. 2 lakh for each. The government took this decision on Wednesday during the cabinet meeting headed by CM Pinarayi Vijayan.
They have been against demonetization, as it is the reason for the sudden fall out of the common man and also showed a tremendous impact on the state finances. Against the demonetization initiative, the CM has already staged a mass protest in front of the Reserve Bank of India’s state office blocking the co-operative banks not to exchange the invalid currency.
As per the reports, as many as 100 people have died due to the exhaustion while waiting in the queues in front of ATMs and banks after the demonetization effect to exchange the currency. But the union government stated that it is a wrong thing, to blame the government and policy decision for the deaths.
In the month of December, the UP government had also announced an ex-gratia of the similar amount. It was all happened when four people had died while waiting in queues to exchange their old Rs 500 and Rs 1000 notes. They were identified as C Chandrasekharan (68) from Kollam, Karthikeyan (75) from Alappuzha, P P Pareed from Tirur in Malappuram and K K Unni (48) Kannur.
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