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Corporates should be spared from cash withdrawal limit: Assocham
Industries should be spared from cash withdrawal limit as the Rs 50,000 cap is too low and needs to be enhanced, industry body Assocham said. Urging the government to consider lifting the cash withdrawal limit for corporate firms, Assocham said there is no scope of misuse as these transactions are properly recorded and audited. The withdrawal limit of Rs 50,000 per week from current account is very less for industry.
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