Connect with us

Business

Cash crunch to affect salary withdrawal, says Kerala minister

Published

8 years ago

on

Kozhikode, Cash crunch, Kerala, minister,salary , withdrawl, demonetisation, Reserve Bank of India,rbi, Kerala Finance Minister ,Thomas Issac

Kerala Finance Minister Thomas Issac

Kozhikode: With the Reserve Bank of India (RBI) indicating that there is going to be a shortage of currency notes, Kerala Finance Minister Thomas Issac on Friday said the withdrawal of December salaries could be a problem.

Interacting with the media here on Friday morning, Issac said while the state government will credit the entire amount required for payment of salaries and pensions for the month of December into the bank and treasury accounts of the people, it could be a problem for people to withdraw the money.

“The requirement for disbursement of salaries and pensions every month is around Rs 1,400 crore, but the RBI and other banking officials have already indicated to us that they are able to provide only around Rs 600 crore. And hence, the permissible withdrawal which now stands at Rs 24,000 could be hit,” said the economist turned Finance Minister Isaac.

“We have not agreed to it and asked all the officials (RBI and other banks) that they are duty bound to see currencies are made available,” he said.Issac also said that given the present scenario, presenting the budget in January, would be a “difficult”.”The situation is such that none is able to gauge what the revenue and expenditure is going to be in the light of the demonetisation,” Issac said.

“While Union Finance Minister Arun Jaitley claims that tax collections have gone up, we will have to wait for some more time to see what the actual position is,” Issac added.He also said: “For a budget to be realistic, one should be able to reasonably estimate. We will wait for the union budget to be presented and once that’s done, I will present my budget either at the end of February or early March.”

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending