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Pay salaries in cash, DMK tells Central, State govts

Press Trust of India  |  Chennai 

treasurer MK Stalin today appealed to the Central and State governments, public and private sectors to consider paying salaries of employees in cash.

"Till such time the currency crunch and economic stagnancy situation was addressed, the salaries of central, state government, public and private sector employees besides pensioners should be paid in cash," he said.



He said salaries for the present and subsequent months should be paid in in view of the current situation.

In a statement here, he said the currency crunch vis-a-vis salary payout issue should be given "attention commensurate with measures taken during disasters by the State and Central governments."

He said in the 2,20,000 ATMs across the country, arrangements are not fully in place to withdraw new Rs.2000, and Rs.500 notes.

He also said the cap restraining withdrawals to Rs.2000 in ATMs and Rs.24,000 from bank branches will seriously affect the employees.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Pay salaries in cash, DMK tells Central, State govts

DMK treasurer MK Stalin today appealed to the Central and State governments, public and private sectors to consider paying salaries of employees in cash. "Till such time the currency crunch and economic stagnancy situation was addressed, the salaries of central, state government, public and private sector employees besides pensioners should be paid in cash," he said. He said salaries for the present and subsequent months should be paid in cash in view of the current situation. In a statement here, he said the currency crunch vis-a-vis salary payout issue should be given "attention commensurate with measures taken during disasters by the State and Central governments." He said in the 2,20,000 ATMs across the country, arrangements are not fully in place to withdraw new Rs.2000, and Rs.500 notes. He also said the cap restraining withdrawals to Rs.2000 in ATMs and Rs.24,000 from bank branches will seriously affect the employees. treasurer MK Stalin today appealed to the Central and State governments, public and private sectors to consider paying salaries of employees in cash.

"Till such time the currency crunch and economic stagnancy situation was addressed, the salaries of central, state government, public and private sector employees besides pensioners should be paid in cash," he said.

He said salaries for the present and subsequent months should be paid in in view of the current situation.

In a statement here, he said the currency crunch vis-a-vis salary payout issue should be given "attention commensurate with measures taken during disasters by the State and Central governments."

He said in the 2,20,000 ATMs across the country, arrangements are not fully in place to withdraw new Rs.2000, and Rs.500 notes.

He also said the cap restraining withdrawals to Rs.2000 in ATMs and Rs.24,000 from bank branches will seriously affect the employees.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Pay salaries in cash, DMK tells Central, State govts

treasurer MK Stalin today appealed to the Central and State governments, public and private sectors to consider paying salaries of employees in cash.

"Till such time the currency crunch and economic stagnancy situation was addressed, the salaries of central, state government, public and private sector employees besides pensioners should be paid in cash," he said.

He said salaries for the present and subsequent months should be paid in in view of the current situation.

In a statement here, he said the currency crunch vis-a-vis salary payout issue should be given "attention commensurate with measures taken during disasters by the State and Central governments."

He said in the 2,20,000 ATMs across the country, arrangements are not fully in place to withdraw new Rs.2000, and Rs.500 notes.

He also said the cap restraining withdrawals to Rs.2000 in ATMs and Rs.24,000 from bank branches will seriously affect the employees.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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