he earliest. He opined that the cash was more than enough in circulation and that there was nothing to panic.
AP, Telangana, Karnataka, Maharashtra, UP, MP are the states where people are facing the cash crunch it is reported. The Minister of state for Finance Pratap Shukla said that there is a shortage of Rs 1,25,000 crore in the country. Some states have a shortage and some have excess currency he explained. The RBI officials said that cash withdrawals have gone up in the country.
SBI sources said that they would increase the circulation of Rs 500 notes in the next 7 days. In Hyderabad, there is cash crunch and most of the ATMs have gone dry.
The Congress blamed Modi the PM for destroying the banking system. Communist leader Yechury said that the BJP is full of cash while the ATMs have gone dry.