Cash for vote
Cash for vote
This refers to the report "EC renews plea to RBI for higher cash withdrawals" (The Hindu, January 30, 2017). The role of hard cash in electioneering is again in focus. This time, unfortunately, a statutory body responsible for monitoring abuse of cash in elections is openly coming out making a plea that 'cash' should play a greater role in elections. It needs to be clearly understood that GOI or RBI are not standing in the way of candidates spending 'money' within the allowed ceilings. The limits for withdrawals are applicable to cash withdrawals from single accounts and not on 'expenditure'.
A section of the media is celebrating as if there is a tussle between EC and RBI, while both are performing their roles within their legal and policy constraints.
M G Warrier, mumbai
Comments
permitted from ATM per day within the overall weekly withdrawal of Rs.24000 remain unchanged.
A certain suspicious move and there is more than what meets.
Of late RBI in their anxiety to fall in line land themselves in contraversies.