Business entities demand lifting ceiling of cash transactions over Rs 500,000
Summary
Business leaders urge the government to lift the Rs 500,000 cash transaction ceiling, citing operational difficulties and limited banking access, while emphasizing the importance of customs reform for economic growth.
Key Points
- The private sector expresses concerns over the government's Rs 500,000 cash transaction limit.
- Speakers call for revising the cash transaction ceiling to ease operational challenges for businesses.
- Limited banking access across the country complicates compliance with the cash ceiling rule.
- Customs administration reforms and technology-driven systems are emphasized for trade facilitation and economic growth.
