- Many states are experiencing cash problems
- Problems faced by cash in many places in Delhi
- The Finance Minister said that there is ample amount of cash, not to be alarmed
New Delhi: The news of cash disappeared from ATM in several small cities of the country also stirred on Tuesday. Due to the lack of cash, a large number of people started reaching the ATM but they could not get the cash. However, the Finance Minister clarified that there is no shortage of cash. Between the reports of cash shortage, the Finance Ministry has claimed to remove the difficulties related to cash in the next one week. It is worth mentioning that at the same time, on every Tuesday in Banaras, Bhopal, Patna, Hyderabad- ATMs were seen empty and crowds of people were visible. Along with these cities, news of the crisis of cash, from UP, Bihar, Madhya Pradesh, Gujarat, Andhra Pradesh, Telangana and Karnataka, news of the crisis is coming from the capital of the country.
In many areas of Delhi, people had to get double due to cash cessation. Finance Minister Arun Jaitley tweeted among the reports of constant cash flows in different states of the country. He said that the situation of cash in the country was taken care of. Overall, there is more cash than enough and the banks also have it. In some areas, sudden and increasing demands are being dealt with soon. Banking Secretary Rajiv Kumar told NDTV that 85% of ATM machines have cash in them. 10 to 12 per cent machines are always in maintenance. But then why is the crisis? Rajiv Kumar says that the demand for cash in March is high. This is also due to this problem.
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He said that this cash crisis The three main reasons – the increase in the purchase of farming in the agricultural sector, the marriage season and the close of financial year by the companies. However, he also said that the amount of cash in Andhra Pradesh and Tuljana is much higher than the average average, which will be examined. In the evening, banking secretary Rajiv Kumar briefed the PMO. Despite this cleaning, the government also faced criticism of the opposition.
VIDEO: Know how money went missing from the ATM.
After the officials, the big government bank has now started cleaning up SBI chairman Rajneesh Kumar said that the RBI and all the banks have started taking initiatives to overcome this crisis.