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PM Modi’s Demonetisation Move Brings Huge Relief for Farmers and Families Celebrating Weddings

The government on Thursday announced a new set of measures to ease the massive cash crunch after the sudden currency ban

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Picture of Indian currency. Flickr
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New Delhi, November 17, 2016: The government on Thursday announced a new set of measures to ease the massive cash crunch which followed after the sudden currency ban. Since November 8, the government announced several measures to reduce the pressure on people.

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Here are a few of the latest announcements made:

• The limit for exchanging the notes at the banks has been reduced to Rs. 2,000 from Rs. 4,500 for each person from Friday. Economic Affairs Secretary, Shaktikanta Das said that by this way more people would get a chance to exchange the old notes of Rs. 500 and Rs. 1,000.

[bctt tweet=”Notes swapping limited To Rs. 2,000 from tomorrow” username=””]

• Families can withdraw a maximum of Rs. 2.5 lakh for weddings but that is only from one account and based on self-declaration. This was necessary as because in the wedding season, the notes ban led to a severe crisis for those families who had withdrawn cash in bulk before the demonetisation or need cash for wedding purpose.

• “Crop loans are sanctioned by various banks to farmers. The government has allowed Rs 25,000 per week for farmers to draw in cash, subject to the limit of which crops they are sowing. This cash can also be taken from their Kisan credit card,” Das said.

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• Agri-Traders can withdraw up to Rs. 50,000 per week from their designated bank accounts to pay the expenses such as wages

• “Farmers who sell their produce in mandis, against the payments they receive by way of cheque or RTGS method (electronic transfers into their bank accounts), they can draw up to Rs 25,000 per week from their own account,”Das said.

• The time limit to pay the insurance premium on crop loan has been extended by 15 days.

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• Government employees will have the option to draw the salary advance in cash.

-by NewsGram team with inputs from agencies

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Anna Hazare Breaks Fast After Government Assurance

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Anna Hazare finally breaks his fast after government assurance. IANS
Anna Hazare finally breaks his fast after government assurance. IANS
  • Anna Hazare called off his hunger strike after government’s assurance
  • He fasted in Delhi’s Ramlila Ground
  • He fasted against unfair crop prices, electoral policies and Lokpal appointments

Social activist Anna Hazare on Thursday called off his hunger strike in support of his demands as the Central government sought six months to deal with his demands on fair crop prices, Lokpal appointment and electoral reforms.

Anna Hazare wants government to finish corruption completely and take steps in the right direction. Wikimedia Commons

“The government has agreed to demand on crop prices and agreed to take steps on the appointment of a Lokpal at the Centre and Lokayuktas in the states as soon as possible,” Hazare said as he announced that he was going to break his fast.

Hazare said he had been assured regarding the new electoral reforms and implementation of the M.S. Swaminathan Committee report to address the agrarian crisis in the country.

Also Read: Anna Hazare to initiate mass awakening through his Jan-Jagran Yatra

“The governments are meant for the public and it is government’s responsibility to provide the best service to its people,” he said.

Anna Hazare raised his voice against corruption and went ahead with his hunger strike at the Jantar Mantar in New Delhi.
Anna Hazare has also raised his voice against corruption and went ahead with his hunger strike at the Jantar Mantar in New Delhi earlier. Wikimedia Commons

Hazare launched his agitation in support of his demands at the Ramlila Maidan here on March 23. Earlier, he had launched a movement against corruption in 2011. IANS

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