Dry ATMs: Rahul takes a dig at govt

FinMin reviews situation, blames it on ‘unusual demand’

GN Bureau | April 17, 2018


#ATM   #Currency   #Cash   #Cashless   #Rahul Gandhi   #Narendra Modi  
Representational image
Representational image

As media reports spoke of ATMs across the country going dry, Congress leader Rahul Gandhi took a dig at the government even as the finance ministry reviewed the situation and blamed it on “unusual demand for cash”.

“Desh ke ATM sab phir se khali, Benkon ki haalat kya kar dali,” Rahul Gandhi tweeted on Tuesday.

Last weekend, media reports spoke of ATMS especially in smaller towns and villages not delivering cash over the previous week.

The finance ministry meanwhile noted, “There are reports of cash shortages and some ATMs running dry of cash or becoming non-functional in some parts of the country.” It said there has been “unusual spurt in currency demand in the country in last three months”.

“In the current month, in the first 13 days itself, the currency supply increased by Rs. 45, 000 crores. This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar,” it said.

The government maintained it has, along with the Reserve Bank of India, “taken all steps to meet this unusual demand”. “We had adequate reserves of currency notes which have been used to meet fully the extraordinary demand generated so far. We continue to have in stock adequate currency notes of all denominations, including of Rs.500, 200 and Rs.100 to meet any demand.”

It assured people of adequate supply of currency notes “which have met entire demand so far”. It said all steps were being taken to ensure that ATMs are supplied with cash and to get non-functional ATMs normalised at the earliest.
 

Comments

 

Other News

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter