ATM cash crunch reported in many states, Arun Jaitley says problem temporary

Subhash Chandra Garg

In a bid to allay the fears of cash shortage in the country, Finance Minister Arun Jaitley on Tuesday said there was more there adequate currency in circulation.

"Have reviewed the currency situation in the country".

"Currency in circulation is at Rs 18.29 lakh crore". Bank officials said that people have been withdrawing cash more than they require at the beginning of the month.

The government and Reserve Bank of India (RBI) officials had met and attributed the shortfall to unusual local demand in a few states and instructed banks to improve their cash management. Govt has formed state-wise committee & RBI also formed committee to transfer currency from one state to other. Minister of State for Finance, SP Shukla told ANI that the cash shortage was due to some states having low currency reserves in comparison to others.

No agreement yet on California National Guard's role at border
Brown's office was noncommittal about how numerous 400 additional guardsmen would be sent to the border, The Daily Caller News Foundation previously reported .

People in Madhya Pradesh, Delhi, Bihar, Gujarat and Telangana too have reported problems in withdrawing money from ATMs. While the growth in currency has been nearly flat (compared to the day before demonetisation), the need for currency has shrunk considerably because of the high level of digitisation.Cash crunch in ATMs may also be the result of a slowdown in deposit growth. "News reports say that ATMs around the country are running of out cash". "We are facing the cash crunch". The situation has been the same for last 15 days.

The hashtag ATM trended on Twitter since Tuesday morning as people complained that they have had come away from ATMs without cash. 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. "We have visited several ATMs since yesterday but it is the situation everywhere", said a customer in Hyderabad. Meanwhile, the opposition Congress has asked if the cash crunch has taken place because of "deliberate move" of the government. He alleged a "conspiracy" to create a shortage of cash in the state, where assembly elections will be held later this year, by keeping the highest denomination notes out of circulation. "The government will act tough on this".

During Akshaya Tritiya, it is customary for Indians to buy gold as a good omen, and most of the gold purchases in India are done via cash. "It will be done in three days". "Facing a lot of inconvenience in this heat", said a Patna resident.

Related News:

  • NASA to launch its TESS Exoplanet Mission in a SpaceX Falcon 9

    NASA to launch its TESS Exoplanet Mission in a SpaceX Falcon 9

    Air Force 45th Space Wing continue to predict an 80 percent chance of favorable weather for liftoff. The satellite on board uses four cameras to hunt for exoplanets around stars.
    For France's Macron, Syria red lines were credibility test

    For France's Macron, Syria red lines were credibility test

    He added that he told Putin that Russian Federation was complicit in the use of chemical weapons by Syria's Assad. He said that in order to find a lasting solution in Syria , "we need to talk with Iran, Russia and Turkey ".
    Freddie Roach 'hurt' by Manny Pacquiao snub after split

    Freddie Roach 'hurt' by Manny Pacquiao snub after split

    Under Roach Pacquiao scaled the boxing heights and is now the only boxer to win world titles in eight weight divisions. Boxing often resembles a fairground carousel, with its many participants getting on and off with dizzying frequency.
  • US, UK issue joint alert warning of Russian cyberattacks

    US, UK issue joint alert warning of Russian cyberattacks

    The alert also theorized that this type of compromise to hardware might even be used as a foundation for future attacks. United Kingdom and USA release technical alert warning of attacks since 2015.
    China gets a taste of Irish beef again

    China gets a taste of Irish beef again

    It has been three years since China formally lifted a ban on Irish beef exports imposed after the BSE crisis. Department officials will complete the final technicalities to allow trade to commence in the coming weeks.
    Syrian air defenses repel strike on Shayrat air base in Homs - SANA

    Syrian air defenses repel strike on Shayrat air base in Homs - SANA

    The outlet's reporter also published several videos allegedly showing the launch of interceptor missiles. The Pentagon has denied initiating strikes or conducting any other military activity in Homs province.
  • Newcastle humble Arsenal at St James' Park

    Newcastle humble Arsenal at St James' Park

    They were too strong for Arsenal on Sunday and have been at the heart of the team's run of four consecutive league wins. He has been a regular throughout his time at Emirates Stadium, but has also struggled to fully convince.
    West Ham look to boost survival hopes with Stoke win

    West Ham look to boost survival hopes with Stoke win

    West Ham: Arsenal (away); Manchester City (home); Leicester (away); Manchester United (home); Everton (home). West Ham ended an eight-game winless streak against Stoke by winning the reverse fixture 3-0 in December.
    Harper breaks bat, muscles out 406-foot HR

    Harper breaks bat, muscles out 406-foot HR

    And in most cases, the ball ekes over the fence in a short part of the ballpark instead of soaring 406 feet to right-center. The pitch jammed Harper, and the Nationals slugger broke his bat cleanly in half on the swing.
  • Gwyneth Paltrow hints star-studded bash was secret wedding

    Gwyneth Paltrow hints star-studded bash was secret wedding

    A beaming Paltrow posted a thank you note to her Instagram. 'There will never be adequate words to express our gratitude. Paltrow, who eloped with her first husband, Coldplay frontman Chris Martin , has said of walking down the aisle.
    West Brom beat United, hand City EPL title

    West Brom beat United, hand City EPL title

    United's best chance of the game was a Romelu Lukaku header, which was superbly saved by Albion goalkeeper Ben Foster . That didn't make me feel super happy, and, in my opinion, it affected some of the people that were too happy.
    Lawyers for Trump's Personal Attorney Set for Friday Court Appearance

    Lawyers for Trump's Personal Attorney Set for Friday Court Appearance

    All the same, this legal back and forth over the potential review, she added, is "highly, highly unusual". Daniels' attorney said his client plans to attend Cohen's court hearing.


Most liked

Despite Privacy Uproar, Facebook Users Aren't Changing Their Privacy Settings
Fox Business reported that the CEO wants to reassure its users that Facebook is an "idealistic and optimistic company". Users can also remove the ones they don't want to have connected to Facebook anymore.

London violence: Forest Gate teenager stabbed to death
The Colindale victim was treated by land and air ambulance crews before being taken to hospital in central London. Police say the suspect is a left the area in a red station wagon-style vehicle.

Maple Leafs vs. Bruins Game 3: Full highlights, final score and more
And sprinkled throughout the game were three primary assists for Gretzky, two coming while Edmonton was on the penalty kill. The Boston Bruins top line of Brad Marchand, Patrice Bergeron , and David Pastrnak has been the best line in the playoffs.

Syrian air defences respond to missile attack on two airbases
Following reports of an Israeli strike, an Israeli military spokesman said: "I'm not aware of such an incident". Meanwhile, the Syrian state TV aired still image of what it said was the air defences intercepting the missiles.

Chattanooga man arrested for armed robbery at Tasty Donuts store
Now, police are investigating to determine whether 38-year-old Travis Card is connected to any of the other crimes. Norfolk Police are looking for a man wanted in connection to three armed robberies and one attempted armed robbery.

Government pledges £61 million to tackle plastic pollution in oceans
Four Commonwealth countries have already joined the United Kingdom in the alliance - New Zealand, Sri Lanka, Vanuatu and Ghana.

Kathua rape/murder case: SC asks J&K govt to protect victim's family, lawyer
Immediately after the brief hearing in the sessions court, the seven accused were shifted back to jail under heavy security. Among the accused in the Kathua rape murder case, there is a juvenile against whom a separate charge sheet was filed.

"Night Court" star Harry Anderson dies at 65
Fame came in the 1980s when he starred in NBC's Night Court , a comedy depicting a busy night time courtroom in Manhattan. He starred in several other TV specials and shows , including roles on " Saturday Night Live " and "Cheers".

(CELG) Shares Obtained by Azimuth Capital Management LLC
It is negative, as 18 investors sold BRO shares while 91 reduced holdings. 74 funds opened positions while 178 raised stakes. The biopharmaceutical company reported $1.87 EPS for the quarter, beating the Zacks' consensus estimate of $1.78 by $0.09.

Falke Joins The Street Fighter V Cast On April 24
Psycho Trombe on its own can be cancelled into by a variety of normal moves and can also be used to absorb projectiles. With her ability to use Psycho Power and infuse objects with it, she's going to be a formidable fighter for sure.

Russia may have tampered with chemical attack site: US envoy
Consequently, the anxiety in Moscow centered on the possibility of strikes on Russian assets or advisors ( Gazeta.ru , April 12). Western governments called on Russian Federation and Syria to give unfettered access to Douma, the site of the alleged attack.

Jose Mourinho: What I have asked of Paul Pogba at Man United
Last season we finished sixth and this season we are going to finish, hopefully, second, ' he told Sky Sports . Now they have four, and it comes at the expense of United... at Old Trafford .

West Ham striker Arnautovic: Beating Stoke will be crucial
The Potters are unbeaten in their last five league visits to face West Ham , though four of these have ended level (W1).

Twelve medals for Team NI in Commonwealth Games
Now, I'damn sorry, if I receive an opportunity I'll apologize to Kurt (Fearnley) that morning. Former Jamaican sprinter Usain Bolt plays the DJ decks during the closing ceremony.

Mainz v Freiburg: Hosts awarded penalty on VAR after half-time whistle blown
Daniel Brosinski tried his luck before half-time and his shot took a deflection off Freiburg defender Marc Oliver Kempf's hand. Mainz midfielder Pablo de Blasis scored the penalty to put the hosts 1-0 up. "Things are getting stranger".