As the Indian public continues to grapple with the shortage of cash and long ques at banks and ATMs, public sector oil companies have been asked to chip in to ease the pressure. Around 2,500 petrol pumps run by state oil companies will dispense cash.
Around 2,500 petrol pumps run by state oil companies will dispense cash.
This facility is at present available for petrol pumps even in rural areas who have card swipe machines from the State Bank of India. In a few days, petrol pumps having card swipe machines of banks like HDFC, Citibank and ICIC, will also be able to offer this facility. The public can swipe their credit or debit cards in these POS machines and get ₹2000 in a day.
The public sector oil companies- Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited along with the State Bank of India have taken this initiative to help the government in providing cash to the public.
This facility will continue till Nov. 24, till when the the old notes can be used to pay for essential services. Ajay Bansal, AIPDA president said this initiative will help to maintain order at the petrol pumps. Otherwise, there were arguments among the customers and workers. Consumers used to pay with old notes at the pumps even if they bought fuel for less than ₹100, hoping to get change back.
As the petrol pumps do not have smaller denomination notes, they have started to sell fuel for round figures. This is much easier than banks. In banks, the employees have to make many entries while handling cash. But in petrol pumps, once the card is swiped the transaction is cleared and the money is given. This is very quick and people can come to get cash after finishing their work.
Arun Jaitley, the Finance Minister, said that there is no need to panic as rush at bank branches has slowed down. As the banks have started to put indelible ink, people who already exchanged the notes are unable to exchange again because of the marks. So the queues have become shorter. The
The demonetisation has been hard on the people engaged in small businesses like vegetable vendors, small grocery store owners etc.. The labourers who work in construction and other activities have become jobless as the works have stopped due to lack of supplies. Even truck drivers have not been able to transport goods in different parts of the country due to unavailability of valid notes. Coimbatore women from All India Democratic Women
In Coimbatore women from the All India Democratic Women Association protested against the non-functioning of an ATM through floral tributes. The Kerala government has found out an alternative method to deposit salary in the district collectors’ accounts and they would give the salary to
In Coimbatore, women from the All India Democratic Women Association protested against the non-functioning of ATMs through floral tributes. The Kerala government has found out an alternative method to deposit salaries in the district collectors’ accounts who then can disburse the same to plantation and cash crops workers.