People are going crazy after the demonization of heavy value currency; some are rushing to petrol pumps, while others are busy booking tickets.
No doubt that people would be facing problems at the toll plazas. There was a massive traffic jam at the Gurgaon-Delhi Expressway on Wednesday.
Main reason for traffic jams at the toll gates is that most commuters are trying to hand in the scrapped notes at toll plazas in a bid to get them changed into Rs 100 and Rs 50 denominations, but the concessionaires quickly ran out of paper money.
“Public is facing lot of difficulty as the commuters are giving us Rs 500, but are not ready to accept it. This is the main reason for the chaos and arguments with people. We are facing a lot of difficulty,” agrees the public relations officer Skylark toll company Kirpal Singh. “Eighty percent of the commuters have given us Rs 1000 and are not ready to accept Rs 500 in return,” Singh added.
Although good news for toll bridge passengers: The Indian government on Wednesday delayed toll collection on national highways across the country!
“It has been decided to suspend Toll across all National Highways till midnight of 11th November to facilitate smooth traffic movement,” says Union minister for road transport and highways and shipping Nitin Gadkari.“There will be logistic issues in returning change for Rs 500 and Rs 1,000 notes,” Gadkari said. The Reserve Bank of India said ATMs will start dispensing Rs 50 and Rs 100 notes from Thursday. Moreover Banks cannot charge any fee for ATM transactions till December 30.
This late night declaration by Prime Minister Narendra Modi on Tuesday demonetized Rs 500 and 1000 currency notes, that means 86% of currency in circulation by zero value. But if you are traveling or sick, concessions are allowed for use of these notes at hospitals and crematoriums, and to buy air, rail and bus tickets till November 11.
