As the Government's decision to demonetise Rs 500 and Rs 1000 currency notes has evoked mixed reactions with some hailing the step as a commendable initiative to crack down on black money while others slamming it for the inconvenience it has subjected people to, here are 5 rumours Finance Minister Arun Jaitley has sought to dispel.

1. Reports of use of electronic chips in notes are baseless rumours, mere concoctions by some people.

2. There is no shortage of food, primarily salt and sugar in the country after rumours in north India of salt crisis.

STEP NOT ANTI-POOR: JAITLEY



3. Step is not anti-poor and anti-people. One of the most deprived sections of workers, MNREGA workers, get their money in bank accounts. No reason for anyone to feel deprived, said Jaitley.

4. There is no chaos due to cash crunch as the case has been made out to be. There is certainly some inconvenience, but people are lining up in long and orderly queues outside banks and ATMs.

NO STAMPEDE OUTSIDE ATMs IN CHANDNI CHOWK



5. A rumour spread that 4 people in a crowd outside ATMs in Delhi's Chandni Chowk area were injured. Delhi police clarified that no such untoward incident had taken place.

Meanwhile, Delhi police has also appealed to people to maintain law and order and threatened to take action against rumour-mongers trying to trigger panic.

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Also read: Indian Railways to accept old 500, 1000 currency notes till November 14

Also read: Arun Jaitley to India Today: Rs 500-1000 currency revamp not the only step govt will take

