Salary Day vs DeMonitisation - Present Indian Nightmare
No Doubt! The demand for cash is definitely going to be high. Let us analyze a common man's nightmare post Demonitisation and discuss the current scenario in India.
His simple questions are:
- Is my company prepared to pay me fully?
- Can the banks face heavy cash withdrawals?
- Has RBI adequately supplied the new notes?
- What can the Government do if things don't go normal?
Amazon Gift Box - Rs.1000A perfect way to convey your wishes to your dear ones. Easy to Carry | Rich good Looks | No need wrapping. Add a personalized message and hand over as it is. Quick and excellent alternative to gifts
Companies' Stand –Government Employees: Up to Grade-III employees have been given a section (Rs 10,000) of their November salaries already in cash.
Private-Sector Employees: Will be encouraged to use cashless methods for transactions at least until this currency note crunch gets resolved.