Several States Complain Of A Cash Crunch, Residents Worried

ATMs in cities of Uttar Pradesh Bihar Andhra Pradesh Maharashtra and poll-bound Karnataka were either not operating or showed no cash signs reminiscent of post-demonetisation scene

Several States Complain Of A Cash Crunch, Residents Worried

Even in the national capital Delhi, people faced problems, and said "We are facing cash crunch".

On the other hand, Madhya Pradesh chief minister Shivraj Singh Chouhan claimed that Rs 2,000 notes were vanishing from the market, and alleged that there was a "conspiracy" behind it. There is no apparent cash crunch across states. Govt has formed state-wise committee & RBI also formed committee to transfer currency from one state to other.

The government has assured that the issue will be resolved soon. According to a NDTV report, Addressing a farmers' convention, Mr Chouhan said on Monday, "The currency worth Rs. 15,00,000 crore was in circulation before demonetisation". Bank officials said that people have been withdrawing cash more than they require at the beginning of the month. "We are facing difficulty, don't know what to do". As per ANI, in Patna, many ATMs are'out of service', locals say.

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His junior minister SP Shukla told news agency ANI that there is a "problem that some states have less currency and others have more", promising that it will be solved in three days with both the government and the Reserve Bank of India working to "transfer currency from one state to other". "We have visited several ATMs today as well, to no avail". Jaitley took to micro-blogging site Twitter and said that the shortage is "temporary" and that it has been caused due to "sudden and unusual increase" (in demand) in some parts of the country. They don't want to get money deposited in their accounts, as there are no ATMs for about 25 km. And the only party flush with cash is the BJP: "the people suffer". "We are facing difficulty, don't know what to do". The situation has been the same since last 15 days.

He was referring to news reports of ATMs running out of cash at some places in the state. "We need to pay for the admission of children and purchase groceries and vegetables". After the demonetisation exercise, the currency in circulation increased to Rs. 16,50,000 crore. "The government will act tough on this", he said. However, as several ATMs ran out of cash on Sunday, people ended up running from one ATM to another, to make cash withdrawals and their expenses. In some states, the recalibration of ATM machines to dispense 200 rupee currency notes is yet to be finished.

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