Cash Crunch Not Sudden And Informed Centre In Advance: Andhra, Telangana Ministers Refuse Jaitley's Argument
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.
Sir, with due respect the cash shortage in Banks & ATMs is neither sudden nor temporary. I’ve been hearing complaints for over 3 months repeatedly in Hyderabad
Pls have RBI & Fin Min team dig deeper & not brush away an issue that is eroding people’s confidence in banking system https://t.co/llHzY6kiox
— KTR (@KTRTRS) April 17, 2018
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.
It's very sad that, Hon'ble Finance Minister @arunjaitley ji is not understanding the reality, and saying every thing is good. AP is facing severe cash crunch. AP Govt is not able to even give the pensions and pay to MGNREGS workers. (1/2)
— Lokesh Nara (@naralokesh) April 17, 2018
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.
.@ncbn has written several times about this issue to GOI, but the situation has not improved. Atleast now, Central Govt. has to react on this, and resolve the issue at the earliest. (2/2)
— Lokesh Nara (@naralokesh) April 17, 2018
Arun Jaitley on Tuesday tweeted that the cash crunch was temporary and sudden.
Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly.
— Arun Jaitley (@arunjaitley) April 17, 2018
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