After the notes ban was announced, deposits in Jan Dhan accounts soared sharply by around Rs. 27,200 crore in just 14 days. Deposits in over 25 crore Jan Dhan accounts crossed the Rs. 70,000 crore mark. On November 9, the deposits in these accounts were at Rs. 45,636 crore.
PM Modi warned on Sunday that those using poor people to park their illegal money would be punished under a stringent law dealing with ‘benami’ or proxy transactions.
“I would tell such (unscrupulous) people that to reform or not reform is your wish. Following the law or not is your wish – that the law will take care of. But please don’t play with the life of the poor. Don’t do anything due to which, when there is an investigation, the name of the poor comes on record and he gets into trouble because of you,” he said.
(Sourced from agencies, feature image courtesy:oneindia.com)
