Janjivan Bureau / New Delhi : A cash crunch was on Tuesday reported in most states across India. People have been complaining about non-availability of cash since morning in TMs.Officials from the Finance Ministry are said to have held a meeting with the RBI to manage the situation.
It was also reported that most of the ATMs were out of service and one could only withdraw a little amount from a working ATM and that too after spending much time standing in a queue.
Complaints have been pouring in from across the country, including New Delhi, Maharashtra, Gujarat, Karnataka, Andhra Pradesh and Rajasthan, of ATMs running dry or simply not working, leading to fears of cash crunch of the kind seen in the immediate days of demonetisation.
With residents from several states taking to social media, MoS Finance SP Shukla said the Reserve Bank of India (RBI) has formed a committee to transfer currency to states. “We’ve cash currency of Rs 1,25,000 crore right now. There is one problem that some states have less currency and others have more. The government has formed state-wise committee and the RBI too has formed a committee to transfer currency from one state to other. It’ll be done in three days,” Shukla said.
People in Delhi say ‘We are facing cash crunch. Most of the ATMs are not dispensing cash, the ones which are dispensing, have only Rs 500 notes. We are facing difficulty, don’t know what to do’.
The issue had taken political overtones on Monday with Madhya Pradesh Chief Minister Shivraj Singh Chouhan claiming that Rs 2,000 notes were vanishing from the market.
Alleging a “conspiracy” behind it, Chouhan said his government would take tough action.
“The currency worth Rs 15,00,000 crore was in circulation before demonetisation. After this exercise (demonetisation), the currency in circulation increased to Rs 16,50,000 crore. But notes of Rs 2,000 are missing from the market,” Chouhan had said at a farmers’ convention.
“Where these notes of Rs 2,000 denomination are going, who are keeping them out of circulation? Who are the persons creating shortfall of cash? This is a conspiracy to create problems. The government will act tough on this,” he said.
