Like our Facebook Page

news details

Industrial sectors will suffer due to limited withdrawal of cash: FOIJ 11/10/2016 10:38:22 PM Early Times Report Jammu Nov 10: Members of Federation of Industries of Jammu today alleged that the Jammu Kashmir industrial sectors would suffer due to limited withdrawal of cash of Rs 20,000 per day after the announcement of demonetisation of big denomination currency.According to press release, a meeting held today under the chairmanship of its Chairman Lalit Mahajan to discuss the difficulties being faced by the Industrial Sector of J&K due to restriction imposed by Govt. of India on withdrawal of Cash up to Rs. 20000/- per week. Lalit Mahajan, Chairman, FOIJ said, "We appreciate the step taken by Prime Minister which will help to ban on the fake currency, to eradicate Corruption and Money laundering which will help to boost the economy of our Country." "In respect of implications of such restrictions, the Industry feels that due to restriction imposed for the maximum withdrawal of Rs.10000 P/day subject to Rs.20000 P/week, the working of the Industrial sector will suffer." Said Mahajan , added that the Industrial units require lots of liquid money for day to day payments and transactions and it was unjustified on the part of the government to restrict the cash withdrawal maximum Rs.20000 per week for Industrial sector. We request the Prime Minister of India and Finance Minister to kindly exempt the Industrial sector from the restriction imposed for the with drawl of cash maximum up to Rs. 20000/week.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

18 months on, no probe into allegations against former CEO Accused cop enjoys impunity as mantri's aide shields him Demonetization of currency sets alarm bells ringing among mainstream politicians JK witnesses 133 murders, 430 cases of attempt to murder every year Transporters give ultimatum to separatists Speculations agog over another extension to DGP Rajendra J&K PDD faces brickbats from Central power providers, owes them more than Rs 1700 crores "Dis naar" "Tsonus balaai" JU clarification suggest: Vice Chancellor sticks to his anti-India statement BJP chief spokesperson, MLA speaking differently Anti-militancy ops resumed in south Kashmir LAWDA plans door to door garbage collection in Dal lake BJP dissociates from allowing Hurriyat-stake holders talks With Darbar, traffic mess returns to Jammu Five buses gutted in 'Ware House inferno' SPDC generates 50% less revenue than NHPC Illegal school closed by Education Department for violating norms Absenteeism at Sheep Husbandry deptt Poonch, people demand probe

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE