Remember Demonetization? The same situation happened today as ATMs in several parts of the country have become either non-functional or are running dry. Some of the states which are badly affected are Assam, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh and Madhya Pradesh. People in these states are angry as most of the ATMs have gone dry. However, the government claims that there is enough cash with the banks. In the late evening, The Reserve Bank of India denied the reports of a cash crunch in the system and said that there is sufficient cash in the central bank’s vaults and currency chests. Finance Minister Arun Jaitley in a tweet said that he has reviewed the currency situation in the country and there was more than adequate currency available with the Banks. “The temporary shortage caused by a sudden and unusual increase in (demand) in some areas is being tackled quickly,” he said.
Twitterati were angry since morning as they faced a shortage of cash and the feeling was no less than demonetization. This cash crunch is reminding them of the demonetization times and people are taking to social media to express their problems.
Author Chetan Bhagat also tweeted on the issue. “There used to be dry days for alcohol. Now there are dry days for cash,” he wrote.
Take a look at the tweets:
Meanwhile, the Department of Economic Affairs said that they have increased the printing of Rs 500 notes. “We print about 500 crores of Rs 500 notes per day. We have taken steps to raise this production 5 times. In next couple of days, we’ll have a supply of about 2500 crore of Rs 500 notes per day. In a month, supply would be about Rs 70,000-Rs 75,000 crore,” said SC Garg, Secretary, Department of Economic Affairs. “Government is taking all steps to ensure that ATMs are supplied with cash and to get non-functional ATMs normalised at the earliest,” the Department added.