(Image source from: Zeebiz.com)
RBI In Huddle After Cash Shortage Hits The Country:- Right after the Indian Prime Minister Narendra Modi announced demonetization, the currency crisis in the country reached all time high. The crisis of currency seems not to be ending after a year and half. The Centre and the Reserve Bank of India (RBI) stepped out to tackle the issue after they have been badly criticized by the common man. Several states have been struggling for cash despite of huge currency flow which left RBI in deep shock. Assam, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh and Madhya Pradesh are said to be in huge crisis for cash.
RBI clarified that they have made all the arrangements higher than the normal withdrawal of cash but these states are in short. Karnataka is heading for elections because of which the cash has been blocked in the state. RBI promised that the situations will turn normal soon and the ATMs in the above mentioned states turned out to be completely dry. The recalibration of ATM machines for Rs 200 notes have not been completed in some of the states because of which they have been facing cash crisis. RBI and the Centre are left in shock about the Rs 2000 notes as they have been printed in huge numbers.
(Video Source: NTV Telugu)