BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL GOSSIP CORNER RELIGION SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS BIG MEMSAAB 2017 BUDGET 2017 FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES Mahakal Ke Darshan
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
N
W
T
logo
Breaking News

There is more than adequate currency in circulation: Jaitley

Tuesday - April 17, 2018 12:34 pm , Category : BUSINESS
 There is more than adequate currency in circulation: Jaitley
There is more than adequate currency in circulation: Jaitley

New Delhi April 17 (IANS) Allaying fears of currency shortage in the country Finance Minister Arun Jaitley on Tuesday said the government has reviewed the situation and "there is more than adequate currency in circulation".



"Have reviewed the currency situation in the country. Overall 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 " Jaitley tweeted.

His tweet came following some reports that ATMs have run out of money in some parts of the country.

Currency shortage was reported in Andhra Pradesh Telangana and Madhya Pradesh in the past few weeks. There were also complaints of shortage in parts of Maharashtra Gujarat and Bihar on Monday.

According to Reserve Bank of India data currency in circulation as on April 6 was Rs 18.17 lakh crore.

Industry experts feel the shortage has been caused because of cash hoarding of the Rs 2 000 currency notes.

--IANS
ag/sac