‘Temporary problem’ to ‘no cash crunch’: How govt responded to empty ATMs reports

6 years, 11 months ago

‘Temporary problem’ to ‘no cash crunch’: How govt responded to empty ATMs reports

The government on Tuesday sought to explain the reason for cash shortage in parts of the country, with the finance minister calling the problem “temporary” and a senior bureaucrat saying there is no shortage. We keep Rs 2.5-3 lakh crore more currency in stock for excess demand,” IANS quoted S C Garg, economic affairs secretary, as saying. Finance Minister Arun Jaitley on Tuesday called the cash crunch a “temporary shortage” and assured that the situation is being tackled quickly. Shukla said that the problem will be resolved within three working days as the government has about Rs 1,25,000 crores of cash currency.

Hindustan Times

Currency Cash Shukla Cash Crunch Temporary Shortage

From the India Today archives (2016) | Demonetisation: When the entire nation queued up

1 year, 10 months ago

From the India Today archives (2016) | Demonetisation: When the entire nation queued up

India

From the India Today archives (2016) | Demonetisation 2016: Was it pain or gain?

2 years, 5 months ago

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India

Cash usage halves in three years amid fears coronavirus has accelerated 'permanent' decline

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Cash usage halves in three years amid fears coronavirus has accelerated 'permanent' decline

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Opinion | The slow suffocation of ATMs in the country

5 years, 11 months ago

Opinion | The slow suffocation of ATMs in the country

India

Cash transactions up after demonetisation but India’s ATM network far from adequate

6 years, 6 months ago

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What the cash crunch foretells

6 years, 11 months ago

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Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story

6 years, 11 months ago

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Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation

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Reports of ‘crunch’ lead to queues outside ATMs

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Cash is still king: On ATMs running dry

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Cash crunch: Despite govt-RBI claims, SBI Research pegs currency shortage at Rs 70,000 cr

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'Cash availability at ATMs improving', banks rebuff claims of 'crisis'

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TMC's Dinesh Trivedi demands 'truth' behind cash crunch, says Centre cannot hoodwink people in democracy

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TMC's Dinesh Trivedi demands 'truth' behind cash crunch, says Centre cannot hoodwink people in democracy

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Govt defends scam-hit banks as cash crunch hits ATMs, says no need to panic

6 years, 11 months ago

Govt defends scam-hit banks as cash crunch hits ATMs, says no need to panic

Hindustan Times

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Common man perturbed as cash crunch continues

6 years, 11 months ago

Common man perturbed as cash crunch continues

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ATMs go dry across nation; govt says no currency shortage; RBI cites logistical issues

6 years, 11 months ago

ATMs go dry across nation; govt says no currency shortage; RBI cites logistical issues

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ATMs run dry: Lessons learnt from demonetisation seem to be forgotten as cash becomes king again

6 years, 11 months ago

ATMs run dry: Lessons learnt from demonetisation seem to be forgotten as cash becomes king again

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Government attempts damage control as ATMs run dry

6 years, 11 months ago

Government attempts damage control as ATMs run dry

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Cash crunch: Govt goes into firefighting mode as ATMs run dry across country, Opposition dubs it 'financial emergency'

6 years, 11 months ago

Cash crunch: Govt goes into firefighting mode as ATMs run dry across country, Opposition dubs it 'financial emergency'

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ATMs run dry: RBI, finance ministry were warned of cash crunch in March, but bank didn't act on Andhra tipoff

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ATMs run dry: RBI, finance ministry were warned of cash crunch in March, but bank didn't act on Andhra tipoff

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Cash crunch: RBI says there's no currency shortage; vaults and currency chests are well-stocked

6 years, 11 months ago

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ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch

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Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency

6 years, 11 months ago

Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency

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ATMs running out of cash remind me of demonetisation days: Mamata Banerjee

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ATMs running out of cash remind me of demonetisation days: Mamata Banerjee

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One year of demonetisation: Cash comes at a cost, nation moving towards digital economy, says Arun Jaitley

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One year of demonetisation: Cash comes at a cost, nation moving towards digital economy, says Arun Jaitley

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Dealing in excessive cash no longer safe in India, says Arun Jaitley; assures appropriate action on economic issues

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Dealing in excessive cash no longer safe in India, says Arun Jaitley; assures appropriate action on economic issues

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Cash crunch haunts Hyderabad for six months

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Demonetisation sucked in cash like a ‘vacuum cleaner’, says IMF official

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Demonetisation sucked in cash like a ‘vacuum cleaner’, says IMF official

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Demonetisation: ATM recalibration is complete, but it's not going to help if there isn't enough cash

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Demonetisation: ATM recalibration is complete, but it's not going to help if there isn't enough cash

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Cash crunch may escalate during three-day bank holiday

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Cash crunch may escalate during three-day bank holiday

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Note Ban’s Grim Outcome: Cash Crunch to Last Six More Months

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Note Ban’s Grim Outcome: Cash Crunch to Last Six More Months

Demonetisation cash crunch: Close banks for 15 days, demands bank union

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Demonetisation cash crunch: Close banks for 15 days, demands bank union

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Cashless economy still a fantasy for Indians snubbed by banks

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Cashless economy still a fantasy for Indians snubbed by banks

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People hoarding cash, deposits in new notes negligible, say besieged banks

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People hoarding cash, deposits in new notes negligible, say besieged banks

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India’s cashless push could hit ATM business in coming years

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India’s cashless push could hit ATM business in coming years

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Pay day cash crunch: Painful queues, chaos return and it's just the beginning

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Pay day cash crunch: Painful queues, chaos return and it's just the beginning

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Demonetisation: As salary day heightens cash crunch, we may be facing a nightmare

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Demonetisation: As salary day heightens cash crunch, we may be facing a nightmare

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With banks, ATMs running out of cash, salary week likely to turn out ‘cash less’: Report

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With banks, ATMs running out of cash, salary week likely to turn out ‘cash less’: Report

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Demonetisation Math: How Much Cash Was Part of Our Black Economy?

Massive support for demonetisation but implementation patchy: Central team

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Massive support for demonetisation but implementation patchy: Central team

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In rush to go digital, don't junk cash yet

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Are less-cash economy and more people in banking system just ‘side effects’ of demonetisation?

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Manmohan calls cash chaos ‘loot and plunder’, sees drop in GDP growth

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Manmohan calls cash chaos ‘loot and plunder’, sees drop in GDP growth

Hindustan Times

India

Demonetisation: How cash drought at India Inc resulted in stranded trucks, unpaid workers

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Solve this cash crunch issue quickly or there may be riots: Supreme Court warns Centre

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Solve this cash crunch issue quickly or there may be riots: Supreme Court warns Centre

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Crackdown On Black Market Causes Cash Crunch In India

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Crackdown On Black Market Causes Cash Crunch In India

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Cash chaos in India: An unprecedented ban on large bills backfires on the poor

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Cash chaos in India: An unprecedented ban on large bills backfires on the poor

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