Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante
The government is soon going to make it compulsory to make salary payments to industrial workers only in cheque or direct bank transfers.
As salaries are likely to be credited in the accounts of employees, the rush to withdraw money to pay bills is going to increase manifold.
Government employees associations in MP are miffed that the state government did not pay heed to their request for making arrangements to dole out a portion of salary in cash.
The central government’s decision to pay its 42 lakh Group C and D employees Rs 10,000 each in cash has one shocking fallout.