To balance out what seems to be a poorly thought-out decision of demonetising old Rs 500 and Rs 1,000 notes in a matter of hours, the government has now announced some relief measures for farmers and families celebrating weddings. In a statement, the Economic Affairs Secretary Shaktikanta Das said, for wedding ceremonies, up to Rs 2.5 lakh can be withdrawn from the bank account which are Know your customer (KYC) compliant.
This comes as a breather for many families during this peak wedding season as those organising weddings were in a fix while paying the various vendors involved in the ceremonies. Of course, this does not include Karnataka tycoon Gali Janardhana Reddy, who reportedly spent around Rs 500 crore to organise a lavish dream wedding for his daughter on November 16. At other places, guests have reportedly being presenting newlyweds with cheque shaguns and IOU envelops to get by.
As soon as the announcement of the withdrawal limit being relaxed came in, social media circles have been buzzing with reactions. While some have welcomed the decision, others have questioned why has the limit been relaxed only for those celebrating weddings and not those who have family members in private hospitals. Others are now busy collecting wedding cards and wedding details so as to figure out a way to avail of this ‘offer’. One Twitter user commented, “To get 2.5 L for weddings, what documents do I need? Wedding invitation? Photos of bride and groom? Dowry receipt? What?”
As some anticipate, following this news, it might just turn out to be the most active wedding season yet! Check out some of the hilarious propositions and ideas being tweeted out:
— Rahul Kumar (@rahulias6) November 14, 2016
To get 2.5 L for weddings, what documents do I need? Wedding invitation? Photos of bride and groom? Dowry receipt? What? #demonetisation
— Madhu Menon (@madmanweb) November 17, 2016
Gandhari: Sent my 100 sons to stand in ATM queue *winks*
Kunti: Withdrew Rs 12.5 lakh for Draupadi’s wedding *winks* #DeMonetisation
— Stereotypewriter (@babumoshoy) November 17, 2016
So you can withdraw up to Rs 2.5L for a wedding. Will they put an indelible ink on groom’s thingy to prevent repeat usage? #DeMonetisation
— Algo (@CalvinsPappa) November 17, 2016
#Demonetisation doubt, an invitation, a bride, and a groom who are “family” to draw Rs 2.5 lakh! I hear a lot of wedding bells.
— Sudha N Bharadwaj (@SudhaNBharadwaj) November 17, 2016
— Suhasini Haidar (@suhasinih) November 17, 2016
Bank officers will need to attend each wedding and question couple to determine if it is genuine https://t.co/VzsWeKO1By
— Mihir Sharma (@mihirssharma) November 17, 2016
@mihirssharma Now the queue has shifted to the printing press. I am thinking of remarrying.
— Raj_StartUp (@rajeshgandhi) November 17, 2016
What do you think of this move by the government? Tell us in the comments below.