The Tamil Nadu Vanigar Sangankalin Peramaippu urged the Centre to hike the limit for the withdrawal of cash by the trading community from their current account to Rs. two lakhs per week.
The government should allow the small time traders holding current account to withdraw up to Rs. 50,000 per week, a resolution adopted at the state level and district level office-bearers meeting of the Peramaippu held in Yercaud recently.
Another resolution said that on the lines of introduction of Rs. 2,000 notes, the Centre should take steps to circulate the new Rs. 500 among the public immediately to ease the present tight situation in the money front.
The Centre should also ensure increase the volume of Rs. 100 and Rs. 50 denominations.
Other resolutions adopted at the meeting demanded the Centre to increase the Income Tax exemption limit to Rs. six lakh and extend the deadline for the exchange of the scrapped currency in the banks till March 31.
The meeting decided to hold agitations in the headquarters of all the districts on November 29 to urge the Centre to streamline the money transaction in the country.
A.M. Vikkiramaraja, state president of the Peramaippu, who presided over the meeting, called upon the traders, farmers and people from all walks of life to participate in the agitation in large numbers. The Peramaippu will intensify the agitation by resorting to continuous closure of shops if the Centre did not consider its demands.
