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The Hindu
The Hindu
National
N. Ravi Kumar

Polls likely to impede cash movement by trade, may turn Deepavali bleak for some

Petroleum dealers are a worried lot ever since the schedule for polls to the Legislative Assembly of Telangana was announced earlier this week, along with that of four other States, as with elections come the Model Code of Conduct and intensified vehicle checks.

Though digital payments for fuel purchases by customers are on the rise, cash generated at the fuel outlets remain significant to catch attention of the authorities when being moved from the bunks to banks.

“We plan to meet election officials and impress upon them the need for a mechanism to ensure smooth movement of the daily sales collection to the banks,” said M. Amarender Reddy, a leader of the petroleum trade in Telangana. The mechanism can be in the form of the cash collection accompanied by the details on the letter pad of the petrol bunk or submission of a copy of the deposit slip, after remittance, to the authorities concerned, he said.

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