Cash-withdrawal limit

RBI's refusal to hike withdrawal limit may leave candidates with Rs 96,000 in cash during election process

EC has reminded the RBI that as per law, candidates contesting Assembly polls in Uttar Pradesh, Uttarakhand and Punjab can spend Rs 28 lakh each for electioneering.

Jan 30, 2017, 11:50 AM IST

Assembly polls: RBI rejects EC's plea for raising cash-withdrawal limit for candidates

The Reserve Bank of India has rejected the request of the Election Commission to enhance the weekly cash-withdrawal limit,for those contesting Assembly elections in five states.

Jan 29, 2017, 19:30 PM IST