Cash Shortage nationwide as ATMs are not dispensing cash
Cash Shortage nationwide as ATMs run out of notes, FM Jaitely explains Commenting on currency shortage, Finance Minister Arun Jaitely said, 'Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly' The shortage of currency reported in Andhra Pradesh, Telangana and Madhya Pradesh in the past few weeks has spread to a few more states, news agencies said. People in Bhopal say 'We are facing a cash crunch. ATMs are not dispensing cash. The situation has been the same since 15 days. We have visited several ATMs today as well, to no avail.' We've cash currency of Rs1,25,000 cr right now. There is one problem that some states have less currency&others have more. Govt has formed state-wise committee & RBI also formed committee to transfer currency from one state to other. It'll be done in 3 days: SP Shukla, Mos Finance 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'.