Newspaper-advertisements on cash-transactions: Limit cash-withdrawal from banks
Income Tax Department has prominently given big newspaper-advertisements on 23.01.2018 requiring people to say NO to cash-transactions. Central government also from time to time emphasizes on people adopting cashless transactions for petty items through electronic means. But central government should concentrate more on bigger cash-transactions of say above rupees 10000, which can be achieved only by restricting cash-withdrawal from banks by an individual like was done successfully in period just after demonetization. Cash-withdrawal limit for an individual can be fixed at say rupees 96000 per month initially to be gradually reduced to rupees 48000 per month. Such a limit is more than enough to meet petty daily expenses. If it is so done, then only people will be making higher exp...