ATMs run out of cash: What Arun Jaitley has to say

Department of Economic Affairs said the government is taking all steps to ensure that ATMs are supplied with cash as well as the ones which are non-functional are normalised at the earliest

On Monday, Madhya Pradesh Chief Minister Shivraj Singh Chauhan claimed there was a conspiracy behind Rs 2000 notes disappearing from the market.

Cash crunch: The ATMs are either not working or are out of cash. The Government has formed a state-wise committee and RBI also formed a committee to transfer currency from one state to other.

However, the government has time and again assured the Lok Sabha that money of all depositors in public sector banks will be protected and there is no need to create any fear psychosis.

Meanwhile, SP Shukla, Mos Finance has said, "We've cash currency of Rs 1,25,000 crore right now". There is one problem that some states have less currency and others have more.

Apple (AAPL) is North Star Investment Management Corp.'s 7th Largest Position
Federated Investors Inc decreased Hcp Inc (HCP) stake by 60.4% reported in 2017Q4 SEC filing. (NASDAQ: AAPL ) for 4,655 shares. Private Asset Management Inc increased Apple Inc (AAPL ) stake by 499.16% reported in 2017Q4 SEC filing.

"We are facing a cash crunch".

People in Varanasi say, "We do not know what or where the problem is but the common man is facing difficulty as the ATM Kiosks are not dispensing cash". There are reports from Varanasi as well of people saying there is no cash at ATMs since yesterday. Since the amount of currency put out by the Reserve Bank of India (RBI) and government printing presses is adequate for normal transactions, bankers believe there is hoarding of the Rs 2,000 notes. "We have visited several ATMs today as well, to no avail", he told ANI. 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. ATMs are not dispensing cash. And the only party flush with cash is the BJP: "the people suffer". 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.

"When demonetisation took place, markets were flooded with currency notes worth Rs 15 lakh crore".

While several states across the country have reported instances of ATMs going dry, the government has asked for at least three days to mitigate the lack of availability of currency. Stating that this is a phenomenon experienced by "all banks" since November 2017, Purnima said, "We are unable to refill ATMs because people are not depositing in banks". "We are facing difficulty, don't know what to do". Big notes missing. Reminder of #DeMonetisation days.

Related News:

  • National Geographic and Sky team up to rid oceans of plastic

    National Geographic and Sky team up to rid oceans of plastic

    It will also put £20 million to prevent plastic and other environmental pollution from manufacturing in developing countries. Her campaign comes in the wake of the Blue Planet II TV series which highlighted the issue of seaborne plastic pollution.
    Falke Joining Street Fighter V Line-Up Next Week

    Falke Joining Street Fighter V Line-Up Next Week

    The official YouTube channel for the Street Fighter series began streaming a character introduction video for Falke on Monday. Psycho Trombe on its own can be cancelled into by a variety of normal moves and can also be used to absorb projectiles.
    Strong Winds and Rain for Monday

    Strong Winds and Rain for Monday

    As temperatures drop Wednesday night into Thursday morning we could see some snowflakes mixed in with the raindrops. He says their goal is to wrap things up late Monday night but miss that target if more outages erupt today.
  • For France's Macron, Syria red lines were credibility test

    For France's Macron, Syria red lines were credibility test

    But she added that the U.S. was "determined to completely crush" the Islamic State group and prevent its return. Le Drian insisted it was important to continue talking to Russian Federation , and that Macron's trip to St.
    'Night Court' Star Harry Anderson Dead at 65

    'Night Court' Star Harry Anderson Dead at 65

    Anderson starred as Judge Harry Stone on the longtime sitcom, which ran on NBC for nine seasons from 1984 to 1992. The interview is in my book Sick In The Head . "I'll talk about you later, Harry, but for now, I'm devastated".
    Gwyneth Paltrow Had The Most Star-Studded Engagement Party Ever

    Gwyneth Paltrow Had The Most Star-Studded Engagement Party Ever

    Paltrow and Falchuk met when the actress guest-starred on Glee in 2010 and the pair have been dating since 2014, after her split. Gwyneth just returned from a girls' weekend in Cabo San Lucas, Mexico where she celebrated her "hen weekend" (aka bachelorette).
  • Woman molested during protests in Mumbai against gang rape cases

    Woman molested during protests in Mumbai against gang rape cases

    The bench made it clear that it would confine itself only to the safety and security aspect at the moment. The minor girl had disappeared from near her home in the forests of Kathua on January 10.

    Innovative stocks: Celgene Corporation (NASDAQ: CELG)

    Following the purchase, the insider now owns 178,904 shares of the company's stock, valued at approximately $16,441,277.60. It has outperformed by 20.49% the S&P500. (SPG) by 37.78% based on its latest 2017Q4 regulatory filing with the SEC.
    Mainz and Freiburg players called back to pitch after VAR-awarded penalty

    Mainz and Freiburg players called back to pitch after VAR-awarded penalty

    Daniel Brosinski tried his luck before half-time and his shot took a deflection off Freiburg defender Marc Oliver Kempf's hand. But Freiburg's players were already off the pitch and entering their changing room when they had to be called back.
  • Colorado teachers to rally at Capitol for school funding

    Colorado teachers to rally at Capitol for school funding

    They rallied outside the building Monday, holding signs and chanting slogans like "You left me no choice". Colorado ranks 40th in spending per student, according to the AP.
    Footage of Douma Attack Staged, so-Called Evidence is 'Fake' - Moscow

    Footage of Douma Attack Staged, so-Called Evidence is 'Fake' - Moscow

    The United States , Britain, and France launched air strikes against Syrian government facilities on April 14 in response. Moscow immediately denied the charge and blamed delays on retaliatory US-led missile strikes on Syria at the weekend.
    Kanye West returns to Twitter, mentions Lamar Odom

    Kanye West returns to Twitter, mentions Lamar Odom

    The rapper added: "Some people have to work within the existing consciousness while some people can shift the consciousness". He made his first public appearance alongside West at his February 2016 Yeezy Season fashion show release party in NY .


Most liked

MURDER investigation launched after STABBING in Forest Gate, London
An London Ambulance Service spokesman added: â€We were called to Head Street to reports of a stabbing. Police are investigating another fatal stabbing in the capital as a spate of violent crime continues.

Heat Game 2: Why it will be a shootout
Sports Philadelphia announced Monday that Saturday night's Sixers playoff game was the highest-rated Sixers game they've aired in 15 years.

Assad regime air defenses respond to missile attack over Homs
The Syrian Central Media run by the government said the missiles targeted Shayrat air base in Homs. The US Department of Defense said there was "no USA military activity in that area at this time".

Bruins Fall to Maple Leafs 4-2 in Game 3
At the same time, it just wasn't the Bruins' night! The B's potted three in the opener and two more in the Saturday blowout. With the series shifting to Air Canada Centre, a push from the Leafs was expected early and the hosts did have it early on.

Cipher Capital LP Increases Holding in Microsoft Co. (MSFT)
YTD calculations are commonly used by investors and analysts in the assessment of portfolio performance due to their simplicity. Moreover, Avalon Limited Liability Corporation has 0.51% invested in General Electric Company (NYSE:GE) for 946,652 shares.

Russian hackers start targeting critical United Kingdom national infrastructure
An email message seeking comment from the Russian embassy in Washington, D.C., received no response. British and USA officials said they had "high confidence" that the Kremlin was behind the attacks.

Pacquiao Addresses Rumor He Is Leaving Freddie Roach
And he insists the show will be Malaysia's biggest since Ali fought Joe Bugner, in Kuala Lumpur, back in 1975. He now holds a record of 59 wins off 38 knockouts and a seven-loss slate.

Bunkie man faces armed robbery charges
DeSpain also released a photo of Baker and a surveillance photo that police said shows him walking near the time of the crime. He was last seen wearing a tan and grey baseball hat, black framed glasses, a blue zip-up hooded sweatshirt and blue jeans.

Syria chemical attack 'staged' with help of foreign secret service: Russian Federation
To avoid bigger conflict they tried not to hit Russian troops stationed in Syria shared Joint Chiefs of Staff, Gen. Ambassador Anatoly Antonov's statement promised that tonight's bombardment would not go unaswered.

California rejects Trump's request for National Guard troops on border
Last week, Brown pledged to send 400 troops on the condition the support had nothing to do with immigration enforcement. Deputy Assistant Secretary of Defense for Homeland Defense Integration Robert G.

Twelve medals for Team NI in Commonwealth Games
He told Sunrise their decision to not show the athletes walking through the stadium was made based on the competitor's welfare. Now, I'damn sorry, if I receive an opportunity I'll apologize to Kurt (Fearnley) that morning.

Jay Rodriguez delighted with West Bromwich Albion victory at Manchester United
Jay Rodriguez netted a vital victor for the Baggies at Old Trafford, a result which confirmed City as Premier League champions. Jay Rodriguez proved to be the most unlikely of title-deciders when he stooped low to head the Baggies in front on 73 minutes.

49ers want Foster to stay away for now
Foster also has a case pending in Alabama for his misdemeanor marijuana possession arrest in January. A plea hearing was scheduled for April 30.

Syrian air defenses reportedly respond to new missile attacks
Asked about the missile attack, an Israeli military spokesman said, " We don't comment on such reports ". Reports close to the regime indicated that its defences shot down six missiles targeting the base.

President Trump's attorney Michael Cohen to appear in court
The next phase is a battle over the procedures involving who may review the materials seized by FBI investigators last week. The request comes after Cohen's home, hotel room, and office were raided by F.B.I. agents on April 9.