With the government increasing the cash withdrawal limit, the school bus owners’ association withdrew its call to strike.
On Monday, the association announced that school buses will continue to ply as usual as they will be able to meet their daily expenses with the new limits.
The association, which runs around 3,000 buses in Mumbai, had threatened to stop its services from Wednesday. They had claimed it would be impossible to meet the daily expenses of operating buses if they are allowed to withdraw only Rs10,000 a day.
On Sunday, they wrote to Prime Minister Narendra Modi and transport commissioner to extend the limit on cash withdrawal and extend the deadline for petrol pumps to accept old notes.
“With petrol pumps accepting old notes till November 21, we will have no problem functioning. We thank everyone for their co-operation,” said Anil Garg, president of the association