Demonetisation: All-party delegation from Kerala to meet PM Narendra Modi, Arun Jaitley

Kerala Chief Minister Pinarayi Vijayan said on 22 November that an all-party delegation from the state will meet Prime Minister Narendra Modi and Finance Minister Arun Jaitley on 24 November in Delhi, over the prevailing corporate bank crisis.

Meanwhile, the Kerala Assembly, which held a special session to discuss the turbulent situation in the state's co-operative sector in the wake of Centre's demonetisation scheme, passed a resolution stating that union government should withdraw the restrictions on cooperative banks.

The resolution states that like commercial banks, co-operative banks should also be given permission to conduct transactions.

Chief Minister Vijayan assured said that people who have deposited their money in co-operative banks need not get worried, guaranteeing that not even a single penny will be lost.

Vijayan has made his stand on demonetisation quite clear, as on several occasions he has voiced out against the Centre saying that the radical scheme has "inconvenienced" people across the country as no "adequate" backup arrangements were made.

Asserting that people were suffering across the nation because of lack of planning by the government, the Chief Minister has emphasised that his government is not against curbing black money but was against the steps which cause hardship to common people.

Last week, Vijayan and his cabinet colleague Finance Minister Thomas Issac called on Union Finance Minister Arun Jaitley in New Delhi and conveyed to him the difficult situation on account of spiking of high value currencies.

--ANI