Cash Crunch: Ground Report from The Country's Major Cities

18-04-2018 Wed 11:51

People are facing difficulties as majority ATMs in urban and rural segments are not dispensing cash. Reasons attributed to cash crunch were, hoarding of Rs 2,000 notes by several individuals, high demand for cash in poll-bound Karnataka state and sudden demand for cash in several states for the harvest festival. But, the Central government is saying that there is no shortage of cash. In fact, they say there's actually more cash in the system than there was before demonetisation. Once again, the cash crunch is back to haunt the Modi government.


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