Will Note­bandi Win Votes?

The Economic Times - - The Edit Page -

Cash-strapped cit­i­zens will heave a big sigh of re­lief now that the Re­serve Bank of In­dia has an­nounced the en­hanced weekly with­drawal limit of cash from sav­ings bank ac­counts to .₹ 50,000 from the cur­rent .₹ 24,000 from Fe­bru­ary 20, and no curbs on cash with­drawal from March 13. The move, com­ing close on the heels of eas­ing cash with­drawal lim­its for cur­rent and cash credit ac­counts, will also mean that sav­ings ac­count hold­ers can with­draw .₹ 50,000 from ATMs in one go if their banks al­low it. While the gov­ern­ment may have been par­tially suc­cess­ful in steer­ing the econ­omy to­wards dig­i­tal trans­ac­tions, it re­mains to be seen if the unique strat­egy of de­mon­eti­sa­tion will win votes for the BJP.

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