Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Hindu Business Line

Ensuring cash availability will be a challenge for banks, too

Hyderabad: Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts.

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-The Hindu Business Line

Ensuring cash availability will be a challenge for banks, too

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According to bankers, there will be pressure..." />
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Ensuring cash availability will be a challenge for banks, too<br /><br />Hyderabad: </em>Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts.<br /><br />According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country.<br /><br />According to government data, the Centre&rsquo;s total salary and allowances bill for 2016-17 is Rs. 1.84 lakh crore.<br /><br />This implies that about Rs. 15,350 crore will have to be disbursed to 10 million Central government employees and pensioners.<br /><br />In addition, there are government employees in 29 States, about 40 lakh IT and BPO professionals and scores of people working in the corporate and private sectors.<br /><br />&ldquo;Going by the general pattern, about 50-70 percent of salary is withdrawn in the first one week from salary accounts. We expect big cash crunch next week,&rsquo;&rsquo; a senior official of Andhra Bank told Business Line.<br /><br />According to an Executive Director of a public sector bank, cash is getting exhausted by lunch hour in many branches in semi-urban and rural areas even today.<br /><br />&ldquo;The continuing restrictions on cash withdrawal/daily limits is an indication that things are not right yet. Even if limit is hiked, banks should be provided enough cash to disburse,&rsquo;&rsquo; he added. Interestingly, the Chief Minister of Telangana, K Chandrasekhara Rao, after a review of the demonetisation drive had expressed the view that the State Government might be able to pay just 15 days salary to its employees going by the trend of falling revenues in various departments and the financial situation in the State.<br /><br />Meanwhile, Andhra Pradesh Chief Minister, N Chandrababu Naidu, has on Thursday conducted a review meeting to gauge the preparedness of salary payments on December 1 and address cash crunch issues.<br /><br />A senior official in the Finance Department of Telangana, said: &ldquo;We have no problem in paying salaries to our staff through transfers. But ensuring cash availability is not in our reach.&rsquo;&rsquo; The Telangana Government has requested the RBI to provide change for Rs. 5 crore for disbursal of salaries and to facilitate providing at Rs. 10,000 in cash for each of the State government employee.<br /><br />It remains to be seen how these issues are addressed. <br /></div>                                                           
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    <h1 class="cat-box-title">Brace for more cash blues as the next salary date nears -G Naga Sridhar</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Ensuring cash availability will be a challenge for banks, too<br /><br />Hyderabad: </em>Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts.<br /><br />According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country.<br /><br />According to government data, the Centre&rsquo;s total salary and allowances bill for 2016-17 is Rs. 1.84 lakh crore.<br /><br />This implies that about Rs. 15,350 crore will have to be disbursed to 10 million Central government employees and pensioners.<br /><br />In addition, there are government employees in 29 States, about 40 lakh IT and BPO professionals and scores of people working in the corporate and private sectors.<br /><br />&ldquo;Going by the general pattern, about 50-70 percent of salary is withdrawn in the first one week from salary accounts. We expect big cash crunch next week,&rsquo;&rsquo; a senior official of Andhra Bank told Business Line.<br /><br />According to an Executive Director of a public sector bank, cash is getting exhausted by lunch hour in many branches in semi-urban and rural areas even today.<br /><br />&ldquo;The continuing restrictions on cash withdrawal/daily limits is an indication that things are not right yet. Even if limit is hiked, banks should be provided enough cash to disburse,&rsquo;&rsquo; he added. Interestingly, the Chief Minister of Telangana, K Chandrasekhara Rao, after a review of the demonetisation drive had expressed the view that the State Government might be able to pay just 15 days salary to its employees going by the trend of falling revenues in various departments and the financial situation in the State.<br /><br />Meanwhile, Andhra Pradesh Chief Minister, N Chandrababu Naidu, has on Thursday conducted a review meeting to gauge the preparedness of salary payments on December 1 and address cash crunch issues.<br /><br />A senior official in the Finance Department of Telangana, said: &ldquo;We have no problem in paying salaries to our staff through transfers. But ensuring cash availability is not in our reach.&rsquo;&rsquo; The Telangana Government has requested the RBI to provide change for Rs. 5 crore for disbursal of salaries and to facilitate providing at Rs. 10,000 in cash for each of the State government employee.<br /><br />It remains to be seen how these issues are addressed. <br /></div>                                                           
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Ensuring cash availability will be a challenge for banks, too

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Ensuring cash availability will be a challenge for banks, too

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According to bankers, there will be pressure..." />
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    <h1 class="cat-box-title">Brace for more cash blues as the next salary date nears -G Naga Sridhar</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Ensuring cash availability will be a challenge for banks, too<br /><br />Hyderabad: </em>Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts.<br /><br />According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country.<br /><br />According to government data, the Centre&rsquo;s total salary and allowances bill for 2016-17 is Rs. 1.84 lakh crore.<br /><br />This implies that about Rs. 15,350 crore will have to be disbursed to 10 million Central government employees and pensioners.<br /><br />In addition, there are government employees in 29 States, about 40 lakh IT and BPO professionals and scores of people working in the corporate and private sectors.<br /><br />&ldquo;Going by the general pattern, about 50-70 percent of salary is withdrawn in the first one week from salary accounts. We expect big cash crunch next week,&rsquo;&rsquo; a senior official of Andhra Bank told Business Line.<br /><br />According to an Executive Director of a public sector bank, cash is getting exhausted by lunch hour in many branches in semi-urban and rural areas even today.<br /><br />&ldquo;The continuing restrictions on cash withdrawal/daily limits is an indication that things are not right yet. Even if limit is hiked, banks should be provided enough cash to disburse,&rsquo;&rsquo; he added. Interestingly, the Chief Minister of Telangana, K Chandrasekhara Rao, after a review of the demonetisation drive had expressed the view that the State Government might be able to pay just 15 days salary to its employees going by the trend of falling revenues in various departments and the financial situation in the State.<br /><br />Meanwhile, Andhra Pradesh Chief Minister, N Chandrababu Naidu, has on Thursday conducted a review meeting to gauge the preparedness of salary payments on December 1 and address cash crunch issues.<br /><br />A senior official in the Finance Department of Telangana, said: &ldquo;We have no problem in paying salaries to our staff through transfers. But ensuring cash availability is not in our reach.&rsquo;&rsquo; The Telangana Government has requested the RBI to provide change for Rs. 5 crore for disbursal of salaries and to facilitate providing at Rs. 10,000 in cash for each of the State government employee.<br /><br />It remains to be seen how these issues are addressed. <br /></div>                                                           
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    <br><a href="http://www.thehindubusinessline.com/money-and-banking/brace-for-more-cash-blues-as-the-next-salary-date-nears/article9382678.ece?homepage=true" class="re" target="_blank">The Hindu Business Line, 24 November, 2016, http://www.thehindubusinessline.com/money-and-banking/brace-for-more-cash-blues-as-the-next-salary-date-nears/article9382678.ece?homepage=true</a><div class="clear"></div>
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Brace for more cash blues as the next salary date nears -G Naga Sridhar

Published on Nov 25, 2016   Modified on Nov 25, 2016

-The Hindu Business Line Ensuring cash availability will be a challenge for banks, too Hyderabad: Come December first week, banks may face immense pressure in disbursing cash when customers withdraw their salaries credited in bank accounts. According to bankers, there will be pressure for all stake holders during December 1-7 when salaries are disbursed for government and private sector employees across the country. According to government data, the Centre’s total salary and allowances bill for 2016-17 is Rs. 1.84 lakh crore. This implies that about Rs. 15,350 crore will have to be disbursed to 10 million Central government employees and pensioners. In addition, there are government employees in 29 States, about 40 lakh IT and BPO professionals and scores of people working in the corporate and private sectors. “Going by the general pattern, about 50-70 percent of salary is withdrawn in the first one week from salary accounts. We expect big cash crunch next week,’’ a senior official of Andhra Bank told Business Line. According to an Executive Director of a public sector bank, cash is getting exhausted by lunch hour in many branches in semi-urban and rural areas even today. “The continuing restrictions on cash withdrawal/daily limits is an indication that things are not right yet. Even if limit is hiked, banks should be provided enough cash to disburse,’’ he added. Interestingly, the Chief Minister of Telangana, K Chandrasekhara Rao, after a review of the demonetisation drive had expressed the view that the State Government might be able to pay just 15 days salary to its employees going by the trend of falling revenues in various departments and the financial situation in the State. Meanwhile, Andhra Pradesh Chief Minister, N Chandrababu Naidu, has on Thursday conducted a review meeting to gauge the preparedness of salary payments on December 1 and address cash crunch issues. A senior official in the Finance Department of Telangana, said: “We have no problem in paying salaries to our staff through transfers. But ensuring cash availability is not in our reach.’’ The Telangana Government has requested the RBI to provide change for Rs. 5 crore for disbursal of salaries and to facilitate providing at Rs. 10,000 in cash for each of the State government employee. It remains to be seen how these issues are addressed.

The Hindu Business Line, 24 November, 2016, http://www.thehindubusinessline.com/money-and-banking/brace-for-more-cash-blues-as-the-next-salary-date-nears/article9382678.ece?homepage=true

Tagged with: salary Demonetisation Currency demonetisation cash crunch

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