Again a Shocking News from Central Government about 500 rupees and 1000 rupees Notes

As we know Central gave a shock by banning 500, 1000 rupees Notes which are in use  up to November 8^th 2016 and now again central government planning to give a shock, preparing ordinance according to this ordinance if people have 500, 1000 rupees banned notes more that 10,000rs records as crime. If the amount is more than 10,000. Fifty Thousand fine will be charged and if the amount was collected by the officers 5 times fine will be charged to the collected amount. In Special Cases, those cases will deal in front of Magistrate fine will be issued. By the grace period 30^th December all the banned notes should return to the Reserve Bank of India. Central Government is planning to release this ordinance by this 30^th December 2016.  

According to 80% of running currency 15.44 Lakh Crores are there, By December 13^th about 12.44 Crores deposited to the banks. Economic experts saying that by December 30^th, 13 to 13.5 Lakh Crores deposits will be deposited to the Reserve Bank of India. TO deposit all the Banned Notes to the Reserve Bank OF India is 30th December of this Month.  

Salaries would not be given to the hands orders passed by Central Government

Central Government going to pay the salaries whether government or private sector employees through cash less payment through Electronic fund transfer or by issuing cheque to start this process central government prepared an Ordinance by doing small changes in 1936 Act (THE PAYMENT OF WAGES ACT, 1936) brought a new amendment.

In the past this bill was introduced in LOK SABHA on December 15^th of this month and also there was plan that to proceed this ordinance in Budget meeting going to be started in two months we know in this month most of employees got their salary in intervals, situations caused by demonetization also all the employees, workers, comes under this cash less payment salaries. In future salaries will not be given to the hands   

There Was No Any Limit of Withdrawal Amount through Atm Cards

After demonetization in India many limits and conditions applied by RBI in case of Money withdrawal and deposit transactions.   After 30^th December of this month all the problems were going to be cleared at present withdrawal amount through ATM card Limit is 2500 this condition also going to be cleared. And also we can withdraw amount through banks according to the limits and rules before demonetization.

As per the present conditions weekly withdrawal amount is 24000 but after 30^th December of this month. RBI announced this all the rules may take back there will be no problems in case of money withdrawal etc and sufficient enough amount is present with RBI.