Cash Crunch Not Sudden And Informed Centre In Advance: Andhra, Telangana Ministers Refuse Jaitley's Argument

19 April 2018 12:41 PM GMT
Cash Crunch Not Sudden And Informed Centre In Advance: Andhra, Telangana Ministers Refuse Jaitleys Argument
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Refuting Arun Jaitley’s argument that the cash crunch in ATMs was temporary and sudden, the governments of Telangana and Andhra Pradesh said that they have informed their concerns regarding the issue to both Reserve Bank of India (RBI), and the central government.

The Andhra government has described finance minister Arun Jaitley’s statement as ‘irresponsible’ and said that people were facing a lot of difficulties because of the cash crunch. “The bankers in the State have informed as of the date they are unable to meet the cash withdrawal requirements of customers and many of their ATMs have no cash. Shortage of currency notes is also seriously affecting the citizens,” wrote Chief Secretary SK Joshi.

Telangana Minister K T Rama Rao tweeted that the cash crunch was neither sudden nor temporary.



Nara Lokesh, one of the cabinet ministers in Andhra Pradesh and son of Chief Minister Chandrababu Naidu accused Arun Jaitley in his tweet for not understanding the reality.



He also said that the Chief Minister had written several times about the issue to union government, but no measures were taken. “At Least now, Central Govt. has to react on this, and resolve the issue at the earliest,” he added.



Arun Jaitley on Tuesday tweeted that the cash crunch was temporary and sudden.



Also read:

Cash Crunch In ATM Reported Across India, FM Jaitley Says Action Being Taken To Ensure Availability

The Cash Crunch In Telangana – Numbers From SBI Tell The Story

Cash Crunch In AP & Telangana; Money Being Shipped From Kerala, TN To Fill Dry ATMs

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