The demonetization in India supposedly hit the country’s Under 19 team playing overseas. The members of the team have not received daily allowances for the last two weeks. Per the CoA, the problem is due to demonetization that started in November 8 of 2016. As reported, players, including coach Rahul Dravid, are deprived of daily allowances of INR 6800. The supporting staff is also unpaid in the last two weeks. An official said, as these allowances are paid in cash, the weekly cash withdrawal limit from ATMs and banks are restricted. However, as the limits of withdrawal will be increased, the issue will be resolved soon.
Players had to undergo substantial trouble during the Ranji tournament. Some teams tried to transfer money into players account, but several players did not have accounts. The BCCI official said, as the players are Under-19, only the senior players possess debits cards. While, the junior players, who are under 18 years, do not have debit cards, per RBI rules. Some player does not even have bank accounts. Thus, allowances are being provided to players who have accounts as well as debut cards. The issue is being reported to BCCI CEO Rahul Johri. The general manager of the Board, Ratnakar Shetty, and Chief Financial Officer Santosh Rangnekar will follow up for the solution.
The Board is trying to open bank accounts for all players with specific banks that allow debit cards for person under 18 years. It is expected that “everything will be settled,” “in a day or two.” The Board will also work on disbursing funds online. Per the official there are certain “nitty-gritties” and the process in underway. Currently, the Under 19 team of India is on an ODI campaign with England at home, winning the series by 3-1. The test tournament is scheduled to take off from February 13 in Nagpur.
The demonization effect throughout the country is almost over after about a couple of months. The government rendered the existing 500 and 1000 rupees notes worthless suddenly. It was a bold move of the government to curb the menace of unaccounted money and other issues like terrorism, counterfeit currency and to boost the digital economy of the country.
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