Cash Crunch Turning Another Financial Emergency?

April 18, 2018 09:48
Cash Crunch Turning Another Financial Emergency?

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Cash Crunch Turning Another Financial Emergency?:- After several ups and downs, the country has been facing the currency heat once again after ATMs across the country turned dry. Now the latest update says that the cash crunch would hit an all time high in the coming days. Cash was last supplied in Delhi - NCR on April 11th and it was 30% of the regular requirement. Now the latest news say that it will take six more days for Delhi and NCR to receive the cash which shows the signs of currency crisis in the country.

Only 8% of the ATMs in the country have been having enough cash. Andhra Pradesh, Telangana, Madhya Pradesh, Bihar and Karnataka have been struggling for cash from the past couple of weeks informed sources. Economic Affairs Secretary Subhash Garg said that printing of Rs 500 notes has been ramped up. Several people say that this situation reminds them of demonetization days. Congress President Rahul Gandhi slammed Indian Prime Minister Narendra Modi for bringing the demonetization like situations in the country.


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Tagged Under :
Cash Crunch  No Cash  Currency Crisis