PAY ADVANCE SALARIES TO GOVT/ PSU's/ PRIVATE SECTOR EMPLOYEES IN CASH THROUGH ORGANISATIONS – SAYS PHD CHAMBER

PAY ADVANCE SALARIES TO GOVT/ PSU's/ PRIVATE SECTOR EMPLOYEES IN CASH THROUGH ORGANISATIONS – SAYS PHD CHAMBER

PAY ADVANCE SALARIES TO GOVT/ PSU's/ PRIVATE SECTOR EMPLOYEES IN CASH THROUGH ORGANISATIONS – SAYS PHD CHAMBER

 

No.PR-116
November 14, 2016
New Delhi
 

PAY ADVANCE SALARIES TO GOVT/ PSU's/ PRIVATE SECTOR EMPLOYEES IN CASH THROUGH ORGANISATIONS  – SAYS PHD CHAMBER
 

The PHD Chamber of Commerce and Industry has suggested to the government to pay an advance as salaries in cash to Government / public sector and private sector employees @ Rs.10,000 per employee with new Rs.500 notes  as advance against salary of November 2016. This suggestion would also avoid overflowing queues and hardship being faced by most of the citizens and would also avoid loss of productivity due to employee absenteeism in organizations.
 

In a representation submitted to the Finance Minister here today, President, PHD Chamber, Dr. Mahesh Gupta, said that the suggested move would amount in reducing queuing outside banks and ATMs across the country.  It would immediately make new currency available in one day without stressing banks and post offices.
 

Dr. Gupta pointed out that PHD Chamber was one of the leading institutions that welcomed the demonetization move and applauded it for flushing out black money and stop terrorist funding in the country.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)