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

The Logical Indian Crew

April 19th, 2018 / 6:11 PM

Cash Crunch

Image Credit: jagranimages.com

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


Contributors

Written by :

Edited by : Pooja Chaudhuri

Related Stories

Centre Facing Financial Crunch To Fund Infrastructure Projects: Nitin Gadkari

CM Yogi Adityanath Approves Rs 447 Crores For Ram Statue In Ayodhya While Govt Departments Suffers Severe Cash Crunch

Sudden Increase In Water Tanker Prices Leaves Chennai Residents In Dismay

“Demonetisation And GST Have Led To Cash Crunch, Situation Unprecedented” Niti Aayog VC On Current Financial Crisis

Southern Railways Housekeeping Suspend

Southern Railway To Cancel Housekeeping Services In 86 Long-Distance Trains Amid Cash Crunch

AAP

IAS Officers Refuse To Listen To Orders From AAP, Arun Jaitley Says Centre Is Above Both LG & Delhi Govt

Latest on The Logical Indian

News

Delhi: How Fire Safe Are Government Buildings?

News

Bharti Airtel To Become Foreign Entity, Govt Policies Responsible?

News

‘State Government Withdrew My Security Because I Criticised It’: Retd Kerala High Court Judge

News

Why Onion Prices Continue To Sky Rocket Even When Farmers Are Selling At Low Cost

Exclusive

Explained: How New Citizenship Bill Will Pave Way For ‘Hindutva Version Of Pakistan’ In India

News

UP Govt To Set Up ‘Cow Safaris’ To Promote ‘Tourism’, Upkeep Of Cattle

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.