Adequate currency in circulation, temporary shortage to be tackled quickly: Indian FM

New Delhi: Indian Finance Minister Arun Jaitley today said there is "more than adequate" currency in circulation and the temp...



New Delhi: Indian Finance Minister Arun Jaitley today said there is "more than adequate" currency in circulation and the temporary shortage in certain states is being "tackled quickly".

There have been reports of currency shortage in at least six states -- Gujarat, Eastern Mahashtra, Madhya Pradesh, Bihar, Andhra Pradesh and Telangana.

Jaitley said in a tweet that he has 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 demand) in some areas is being tackled quickly," Jaitley said.

Minister of State for Finance Shiv Pratap Shukla said the government has formed a committee to address the problem of currency shortage in certain states and the issue would be resolved in next 2-3 days.

"The Government has set up state-wise committee and RBI has also formed a committee to transfer currency from one state to other because for money transfer you need the permission of the RBI. It (the shortage) will be solved in 2-3 days," Shukla said.

RBI report show that the currency in circulation in the country has reached the pre-demonetisation level of about Rs 17 lakh crore.

-Source: News Agency

COMMENTS


*

Name

AROUND THE GLOBE,434,business,28,BY READERS,358,FEATURE,190,GLOBE,15,KERALA,6,Movie,267,SPECIAL STORY,298,TAMILNADU,2,TOP STORY,892,TRAVEL,8,
ltr
item
Local Glob: Adequate currency in circulation, temporary shortage to be tackled quickly: Indian FM
Adequate currency in circulation, temporary shortage to be tackled quickly: Indian FM
https://4.bp.blogspot.com/-UVboV17b7Wg/WtW_0pzvn3I/AAAAAAAAowQ/5Mw0ERbjnrEXT-GfoaLJL1LsxXhRzXvjgCLcBGAs/s320/arun%2Bjaitley.png
https://4.bp.blogspot.com/-UVboV17b7Wg/WtW_0pzvn3I/AAAAAAAAowQ/5Mw0ERbjnrEXT-GfoaLJL1LsxXhRzXvjgCLcBGAs/s72-c/arun%2Bjaitley.png
Local Glob
http://www.localglob.com/2018/04/adequate-currency-in-circulation.html
http://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2018/04/adequate-currency-in-circulation.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy