New Delhi, January 29: Citing the grave concerns the way Reserve bank of India has brushed away the serious issue of raising the cash withdrawal limits from banks for the candidates contesting election in the 5 states, the election commission of India has once again written a letter to the Reserve Bank of India Governor Urjit Patel.
EC wrote to RBI Governor Urjit Patel on issue of cash withdrawal limits for candidates pic.twitter.com/b7RkWsbyKN
— ANI (@ANI) January 29, 2017
Earlier, Election Commission had requested the Reserve Bank of India to increase the weekly cash withdrawal limit of election candidates contesting polls in five states to Rs 2 lakh from the Rs 24,000 imposed post demonetisation.
The EC has pointed out that it would help them meet their campaign expenditure. The Commission told RBI Governor Urjit Patel that reportedly candidates are facing a lot of trouble due to withdrawal limitation at banks. They pitched in the increase in the cash withdrawal limit till March 11.
But Reserve Bank of India dismissed Election Commission’s appeal to relax weekly cash withdrawal limits for poll expenses. The apex bank’s decision also meant that candidates who are contesting in the upcoming elections in five states will have to rely more on digital payment systems or cheques.
But now the Director General of Election expenditure had reiterated the request of EC and requested Patel to reconsider the proposal dated 24th January as soon as possible.