Reproduced below is the letter addressed to RBI Governor on the above subject by RBI New Delhi OERS Optees and Pensioners Welfare Association on 20th April,18… 448 more words
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The government has launched a probe into suspected hoarding of Rs 2,000 notes and a spike in cash withdrawals over the last fortnight.
“The Department of Revenue will establish the reason for possible hoarding of Rs 2,000 notes. 206 more words
If money available today is also sufficient to meet the demands of a growing economy, why the Reserve Bank of India (RBI) is saying that the printing of the notes have been ramped up in all the four note presses. 601 more words
Even as government and Reserve Bank have asserted that there is no currency shortage, SBI Research today pegged the cash shortfall in the system at a whopping Rs 70,000 crore, which is a third of the monthly withdrawals at ATMs. 536 more words
According to the government and the RBI, the currency in circulation has normalised, after demonetisation knocked off the bulk of it.
Yet, several states have reported a severe cash crunch, people complaining of ATMs running dry and not being able to find enough cash to run their business. 254 more words