Demonetization: Exchange limit reduced and other amendments

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HIGHLIGHTS THIS HOUR

  • Prime Minister Modi holds review meet on demonetisation. Senior Finance Ministry officials and RBI officials present
  • Now, you can withdraw Rs 2.5 lakh for marriage purpose from your KYC-compliant account
    Among other measures, it has allowed up to Rs 2.5 lakh cash withdrawal from bank account of a bride or groom or their parents for a marriage during the ongoing wedding season.
  • Modi government applies more curbs, limits bank exchange from Rs 4,500 to Rs 2000
    The government today revised certain guidelines for the withdrawal of cash, limiting counter exchange of old Rs 500, Rs 1,000 notes from Rs 4,500 to Rs 2000.

Rajya Sabha adjourned till 11:30 am over currency ban
11:12 AM

 

TMC demands PM Modi presence in the House
11:11 AM

 

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Govt approves Rs 10,000 cash salary advance for some govt employees

– Shaktikanta Das

There is enough cash available with Govt, no cash crunch

– Shaktikanta Das

Exchange limit has been reduced to Rs 2000 from Rs 4500

– Shaktikanta Das

Traders which are registered with APMC market can withdraw Rs 50,000 per week

– Shaktikanta Das

Kisan Credit Card will be subjected to same limit

– Shaktikanta Das

Rs 2.5 lakh can be withdrawn for marriage purpose from the KYC compliant bank account

– Shaktikanta Das

To extend crop insurance premium date by 15 days

– Shaktikanta Das

All accounts should be KYC compliant

– Shaktikanta Das

Permit farmers to draw up to Rs 25,000 per week against crop loans sanctioned

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