Government’s move to demonetise higher denomination currency notes is bound to adversely impact the 3rd quarter earnings of corporates, particularly those involved in retail trade, unless the cash crunch is alleviated by the month-end, CII said on Tuesday. In an interview to PTI, CII President Naushad Forbes also urged the Govt to increase weekly withdrawal limit for current accounts from Rs 50,000 at present to ensure adequate liquidity for businesses, acknowledging that the move has certainly created ‘serious inconvenience’ for most people. “I think a few firms that rely on retail trade will show an impact in November, no question. The sooner cash gets back into circulation, the faster they will recover. If these shortages that you see today continue into next month, yes you will see their effect on 3d quarter earnings,” Forbes said.