Mon, Feb 27, 2017 | updated 12:52 PM IST

Centre announces relief measures post-demonetisation

Updated: Nov 17, 2016 17:39 IST

New Delhi [India], Nov. 17 (ANI): In the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1,000 notes, the Government of India has received several suggestions including those from the State Governments.

The government has considered various suggestions and the following decisions relating to certain operational aspects of this scheme have been taken.

i. We are now at the beginning of the Rabi season. The farmers need various inputs for their agricultural activities. While the Government is keen on promoting payment through the banking or digital system, it is felt necessary to make some quantum of cash available with farmers to meet various expenses in connection with agricultural operations.

It has, therefore, been decided that farmers would be permitted to draw upto Rs. 25000/- per week in cash from their KYC compliant accounts only. These cash withdrawals would be subject to the normal loan limits and conditions. This facility will also apply to the Kisan Credit Cards (KCC).

ii. Farmers are currently selling their produce from the Kharif season in the APMC markets/mandis. The farmers who receive such payments in their bank accounts through cheque/ RTGS will be permitted to draw up to Rs. 25000/- per week in cash. These accounts will have to be KYC compliant. This facility will enable the farmers to meet their various expenses connected with agriculture. This will also infuse lot of liquidity into the rural sector.

iii. Traders registered with APMC markets/mandis will be permitted to draw up to Rs. 50,000/- per week in cash from their KYC compliant accounts as in the case of business entities. This will enable these traders to pay wages and facilitate easy loading, unloading and other activities at the mandis.

iv. For payment of crop insurance premium, States fix time limits depending on their local requirements and conditions. Consequently, the last date for payment expires on different dates. It has now been decided to extend the last date for payment of crop insurance premium by 15 days.

v. While encouraging families to incur wedding expenses through cheques or digital means, it has been decided to permit families celebrating weddings to draw up to Rs. 2,50,000/- in cash from their own bank accounts. These accounts have to be necessarily KYC compliant. The amounts can be drawn only by either of the parents or the person getting married. Only one of them will be permitted to draw this amount. This limit of Rs. 2,50,000/- will apply separately to the girl's family and the boy's family. The person drawing such amount has to furnish the PAN details.

Further, a self-declaration will have to be submitted by the person to the effect that only one person from his/her family is drawing the amount. It is expected that members of the public will fully cooperate to ensure that the above guidelines are adhered to. Any misuse of this facility will invite appropriate action based on the self-declaration and other details.

vi. At present, over the counter exchange of old Rs. 500/- and Rs. 1000/- notes is limited up to maximum of Rs. 4500/- per person. Reports have been received that the same persons are going back to the counter again and again, thereby cornering the facility and depriving many other people from exchanging old notes. There are also reports of organized groups indulging in such practices to convert their black money into white. It is now expected and desirable that people put their old notes into their bank accounts.

However, for convenience of the people who may be on temporary visit either for work or otherwise, it has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016.

vii. Central Government employees up to Group `C' including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises will be given an option to draw salary advance up to Rs. 10,000/- in cash. This amount will be adjusted in their salary for November, 2016. It is expected that this decision will ease the pressure on the banks. (ANI)

Jalandhar (Punjab) [India], Feb 23 (ANI): Lady Sri Ram Ram College student Gurmehar Kaur, whose social media campaign against the Bharatiya Janata Party's (BJP) student organisation ABVP went viral recently, has said that she would also not hesitate in taking a bullet for the country like her father Kargil martyr Captain Mandeep Singh.

Full Story >>

New Delhi [India], Feb. 27 (ANI): The Supreme Court on Monday directed the Centre to fill up two vacant posts in the National Human Rights Commission (NHRC) by April 30.

Full Story >>

Mumbai (Maharashtra) [India], Feb.27 (ANI): Taking a jibe at Maharashtra Chief Minister Devendra Fadnavis over his statement that the Bharatiya Janata Party (BJP) would never join hands with the Congress, Shiv Sena leader Sanjay Raut on Monday said it is strange that the saffron party can enter into an alliance with the Peoples Democratic Party (PDP), which called a terrorist like Afzal Guru as martyr.

Full Story >>

New Delhi [India], Feb. 27 (ANI): The Delhi High Court on Tuesday allowed the Election Commission of India's (ECI) plea opposing the parole release of don-turned politician Mukhtar Ansari.

Full Story >>

New Delhi [India] Feb. 27 (ANI): The Supreme Court today adjourned liquor baron Vijay Mallya's loan default case to March 3.

Full Story >>

Sultanpur (Uttar Pradesh) [India], Feb. 27(ANI): Samajwadi Party leader Gayatri Prajapati on Monday expressed confidence and said that he will again siphon a win from his constituency.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Asserting that his woes have gone unheard, Border Security Force (BSF) soldier Tej Bahadur Yadav, in another video questioned Prime Minister Narendra Modi's desire to oust corruption from the nation.

Full Story >>

New Delhi [India], Feb. 27 (ANI): Branding Minister of State for Home Affairs Kiren Rijiju as a "goofy minister" for dubbing the recent clashes between the All India Students' Association (AISA) and Akhil Bharatiya Vidyarthi Parishad (ABVP) at Ramjas College as an act of anti-nationalism, the Congress on Monday said that the former should refrain from making statements on issues which he cannot understand.

Full Story >>

New Delhi [India] Feb. 27 (ANI): Castigating Minister of State for Home Affairs Kiren Rijiju over his remark that anyone who wants to break India and supports terrorists can be branded an 'anti-national', the Janata Dal (United) on Monday said that the former and his party did not fight for the nation's freedom and hence should not meddle in such issues.

Full Story >>

UP: Polling for fifth phase begins

Updated: Feb 27, 2017 11:11 IST

Ayodhya (Uttar Pradesh),[India] Feb 27 (ANI): The fifth phase of Uttar Pradesh assembly elections for 51 seats spread across 12 districts began today

Full Story >>

Lucknow (Uttar Pradesh) [India], Feb. 27 (ANI): The voter turnout for the fifth phase of Uttar Pradesh assembly polls has been recorded at 10.77 percent till 9 a.m. on Monday.

Full Story >>

Ayodhya (Uttar Pradesh) [India], Feb. 27 (ANI): Asserting that construction of Ram temple is more important than bringing development and providing education, Bharatiya Janata Party (BJP) leader Vinay Katiyar on Monday said that no progress is of any use until a temple for the Hindu deity is built in Ayodhya.

Full Story >>

New Delhi [India] Feb. 27 (ANI): Cornering the Bharatiya Janata Party (BJP) over the remarks made by Minister of State for Home Affairs Kiren Rijiju in connection with the recent tussle between Left-affiliated AISA and the RSS-backed ABVP, the Communist Party of India (CPI) on Monday said that the saffron outfit is trying to intimidate people who are against its policies.

Full Story >>

Mumbai (Maharashtra) [India], Feb. 27 (ANI): Harbour line services were halted on the Central Railways line after three wagons and brake van of a goods train derailed between Ravli and Kurla here, on down harbour line early on Monday Morning.

Full Story >>

Stage set for fifth phase of UP Polls

Updated: Feb 27, 2017 07:09 IST

Lucknow (Uttar Pradesh) [India], Feb. 27 (ANI): All arrangements are in place for fifth phase of Uttar Pradesh Assembly elections.

Full Story >>

TN CM Palanisami to meet PM Modi today

Updated: Feb 27, 2017 06:28 IST

New Delhi [India], Feb. 27 (ANI): Tamil Nadu Chief Minister Edappadi K. Palanisami will on Monday meet Prime Minister Narendra Modi in the national capital.

Full Story >>

New Delhi [India], Feb. 27 (ANI): The Delhi High Court will on Monday hear a plea filed by Vodafone India alleging that the Telecom Regulatory Authority of India ( TRAI) had failed to prohibit Reliance Jio Infocomm Ltd's (RJIO) "blatant violation" of tariff orders, directions and regulations by permitting it to continue with its free offers.

Full Story >>

Sahebganj (Jharkhand) [India], Feb. 27 (ANI): A major train accident was averted in Jharkhand's Sahebganj (eastern railway), as 44 peddles were found open near Balbanna village.

Full Story >>

New Delhi [India], Feb. 27 (ANI): The Delhi High Court will on Monday pronounce its order on the nursery admission notification of the Delhi Government.

Full Story >>

New Delhi [India], Feb. 27 (ANI): A Delhi court will on Monday hear Himachal Pradesh Chief Minister Virbhadra Singh's disproportionate assets case.

Full Story >>