New Delhi, January 29, 2017: Election Commission has censured Reserve Bank of India (RBI) for not raising cash withdrawal limit for election candidates in poll-bound states.
In deference to the demand by the political parties in the poll-bound states, the poll panel had recently asked the RBI to raise the weekly cash withdrawals for the candidates from existing Rs 24,000 to Rs 2 lakh. The RBI had fixed the limit as part of the measures imposed post-demonetisation.