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Cash crunch dampens Christmas spirit

the goan I network

PANAJI   

Goans tasted a diluted version of the gloom of a cash deprived Christmas Eve of 2016 amidst the then demonetization chaos, what with many ATMs running dry on Monday.   

And, with banks slated to be shut due to intermittent holidays and strikes for the next five days the festive spirit this season could turn out to be a damp squib for locals and tourists alike, if authorities do not replenish ATMs with cash.   

“I am trying to remove cash from my account for last two days but the cash is not being dispensed through the ATM”, a customer who was standing outside an ATM of a nationalised bank in Panaji, said.   

Many ATMs were also taking an unusually long time to dispense money which one Bank official claimed was due to excessive use of ATMs by customers on a large scale.   

“The message ‘your transaction could not to completed’ or ‘your transaction is timed out’ was repeatedly flashing across screens at ATMs I have attempted to withdraw money from,” another customer said.  

Banking services will be affected across the country in the coming days due to strikes, Christmas and weekend holidays.   

Cheque and cash withdrawals at banks was not possible on December 21, 22 and 23, and Banks will be shut on Tuesday for Christmas while on Wednesday the Bank unions have called for a strike to oppose Bank mergers proposed by the government.

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Lobo defends Centre's decision to roll-back GST

The Goan Network
Published Dec 25, 2018, 3:40 AM IST
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THE GOAN NETWORK MAPUSA: Stating that it was not right to compare Centre’s decision to bring down Goods and Services Tax (GST) to the recent assembly poll reverses the BJP suffered in five states, Deputy Speaker and Calangute MLA Michael Lobo said there was a need to bring down the rates further and demanded nil GST on cement. “The decision to reduce GST should not be related to recent election results. There was need to bring immediate relief to the common man who was…

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