INSUBCONTINENT EXCLUSIVE:
several states, including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana
People in Delhi have also been tweeting about not getting cash at ATMs, in a reminder of long queues and non-functioning machines after note
The centre says the "problem" will be resolved in three days.In Hyderabad, news agency ANI quoted people as saying they had been unable to
withdraw cash since yesterday
There are similar reports from Varanasi.Reports suggest officials of the finance ministry have held a meeting with the Reserve Bank of India
(RBI) last Thursday, to take stock of the situation
Finance Minister Arun Jaitley said, "overall there is more than adequate currency in circulationthe temporary shortage is caused by sudden
and unusual increase in some areas."Sources have told TheIndianSubcontinent that RBI has directed banks with surplus cash to help other
banks facing a shortage of funds
There is a mismatch of demand and supply of cash, say sources
The transactions at ATMs have also gone up; earlier it was Rs 3000 on an average, now it's Rs 5000 say sources.Reports of cash crunch at
ATMs have brought back memories of November 2016, when Prime Minister Narendra Modi, in a midnight announcement said old notes will be
Congress and the Left took potshots at the government; while the Congress questioned whether it is a "gross mismanagement or a deliberate
Chouhan has alleged a conspiracy behind Rs
2,000 notes vanishing from the market.Addressing a farmers' convention, Mr Chouhan said on Monday, "The currency worth Rs
15,00,000 crore was in circulation before demonetisation
After the demonitisation exercise, the currency in circulation increased to Rs
2,000 denomination going Who is keeping them out of circulation Who are the persons creating shortfall of cash This is a conspiracy to
The government will act tough on this," he said.Mr Chouhan added he had raised the problem with the Centre.(With inputs from ANI PTI)
