Remember demonetisation days? Netas react to cash crunch

Remember demonetisation days? Netas react to cash crunch

Remember demonetisation days? Netas react to cash crunch

Mumbai: With ATMs running out of cash in many states across the country, Union Finance Minister Arun Jaitley said the temporary shortage caused by "sudden and unusual increase" in some areas is being tackled quickly.

Mr. Jaitley said that he reviewed the currency situation in the country and indicated that the temporary shortage in currency was mainly due to sudden and unusual increase in some areas. Talking to ANI, Shukla said that there is an imbalance of currency available in various states at the moment, and the government and the Reserve Bank of India (RBI) are looking into the matter.

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"Currency in circulation is at Rs 18.29 lakh crore".

"News reports say that ATMs around the country are running of out cash". Taking cognizance to the matter, Mos Finance SP Shukla said that government is aware of the issue and steady steps are taken by the Government. The states which have been affected include Andhra Pradesh, Bihar, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana. We need to pay for the admission of children and purchase groceries and vegetables, ' said a common man from Varanasi.

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The Centre on Tuesday admitted to the cash crunch and blamed it on uneven distribution of currency by the RBI across states. The situation has been the same since 15 days. Even BJP's own CM, Madhya Pradesh's Shivraj Singh Chouhan, alleged a "conspiracy" behind the disappearance of Rs 2000 currency notes.

States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. The Modi government on November 8, 2016 had announced demonetisation of high value notes, Rs 500 and Rs 1000, which together accounted for 86-87 per cent of the currency in circulation.

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"We held a meeting with the RBI officials, banks, and states today (Thursday)". The people in Delhi, on the other hand, said that most of the ATMs are dispensing only Rs. 500 notes. "It will be done in three days". Big notes missing. Reminder of #DeMonetisation days. The government has reportedly claimed that the lack of currency notes could be due to high demand of cash during Baisakhi, Bihu and other harvest festivals. Nearly Rs 5 lakh crore worth of Rs 2,000 notes were printed after demonetisation. "The government will act tough on this", he added.

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