In Tamil Nadu, OPS quake rattles Sasikala’s fortress Cash withdrawal limits to be lifted from Mar 13 BEYOND LIMITS
A late-night revolt has turned into a full-blown war in the ruling AIADMK.
Tamil Nadu’s caretaker chief minister O Panneerselvam on Wednesday ordered an inquiry into the death of his mentor J Jayalalithaa, intensifying a highstakes revolt against AIADMK general secretary VK Sasikala whose potential elevation to the top post has sparked a political crisis in the state.
Sasikala, Jayalalithaa’s long-time confidante who was elevated as the AIADMK’s legislature party leader on Sunday to pave the way for becoming the chief minister, hit back within hours, parading 130-odd MLAs in a show of strength at the party headquarters.
She then packed off all her MLAs into three buses and sent them off to an undisclosed location — a luxury hotel — to be kept under guard lest they be subject to poaching. This is a first in politics for Tamil Nadu, which has only seen such scenes playing out across the border in Karnataka and Andhra Pradesh and in distant UP or Haryana.
However, possibilities of her swearing-in immediately looked uncertain though governor Ch Vidyasagar Rao is likely to arrive in Chennai on Thursday. He is also likely to meet AIADMK leaders. Rao, the governor of Maharashtra with additional charge of Tamil Nadu, was in Mumbai and is said to be consulting legal and constitutional experts on how to deal with the crisis triggered by Panneerselvam’s dramatic, latenight announcement on Tuesday that he was forced to resign by legislators siding with Sasikala. Panneerselvam said the investigation into the death of Jayalalithaa will be headed by a retired high court judge. Jayalalithaa suffered a heart attack and passed away on December 5 after spending 75 days in hospital.
The Reserve Bank of India (RBI) said on Wednesday it would remove the cash withdrawal limit from ATMs and savings accounts from March 13.
Withdrawal limit from savings bank accounts will be relaxed to Rs50,000fromFebruary20toMarch 13, after which it will be removed.
“The limits on cash withdrawal from savings bank accounts continue to be in place. In line with the pace of remonetisation, it has now been decided to remove these limits in two stages,” RBI deputy governor R Gandhi said after the central bank announced the sixth bi-monthly monetary policy review on Wednesday.
Several limits on cash withdrawals from banks and ATMs were imposed after the government’s surprise move to demonetise Rs500 and Rs1,000 currency notes on November 8, 2016 that led to severe cash crunch.
The central bank has kept pace with the remonetisation process by gradually relaxing the withdrawal limits. On January 30, RBI had allowed withdrawal upto Rs24,000 from savings accounts.
Seven people were killed when the car they were travelling in crashed into a tree on the Mumbai-Goa highway on Wednesday morning.
The accident took place around 7.30am near Khanu village, 23km from Ratnagiri city. The victims were residents of Vile Parle and Malad and were on their way to Goa. The police said one person survived the crash.“The driver seems to have lost control of the vehicle and crashed it into a tree,” said Anil Bibhuti, police inspector from Ratnagiri (rural) police station. Bibhuti said the driver was most likely not drunk. “We suspect he dozed off.” All eight suffered severe head injuries.