Skip to main content

Cash Crises in India :What suddenly Has Happened


Today there was a News on each and very newspaper, website stating that there is a cash crises which has again hit India after the demonetisation of 2016. from last 2 weeks many of the ATM's in the various states of India this news came and infect last week i also faced this same situation in some ATM's but that can be a coincidence but this became a big news when 6 states of India Gujarat, Maharastra, Madhya Pradesh, Telengana , Andhra Pradesh and Telangana was also hit by this crises but today when this story broke that there is cash shortage in many of the ATM'S in both big and small cities are also facing this shortage people gets shocked and again on many ATM's people gathered to withdraw the currency and this scene was like the DeMO era of year 2016 and some are even saying that DeMo is coming back. 

 Although the Mr Arun Jaitely, Finance Minister of India tweeted on his Twitter Account that there is no scarcity of cash and there is a surplus of cash is present in the market according some reports and just due to un-expected demand of cash this situation has arisen in some parts of nation which will be taken care off. Meanwhile a bureaucrat Rajiv Kumar gave a statement to a Indian News Channel in which he said that 85% ATM's have cash right now and 10-12% machines are under maintenance and when they asked him that why this situation is there if there are so many ATM's are working he stated that every year in the month of march the demand for currency increases and there are 3 reasons for this  
1 Purchase of Raw materials by the farmers for producing the new crops which is started in the month of April and may
2 Financial Closure by the Companies at the end of the Financial year
3 Marraige season 

 Finance Ministry has asked one week to solve this issue i am sure that people will do something but at this same moment many government banks are coming forward to give clarifications for this issue
Now there is a political angle which came and that is Shiv Raj Singh Chauhan CM, Madhya Pradesh said that there is a conspiracy behind this but his finance minister Mr. Jayant said that the main reason is the purchase of Raw materials by the farmers which was also stated by the Banking Secretary but the opposition is very active on this issue and attacks Prime Minister even Mr. Rahul Gandhi President, Indian National Congress said that PM destroyed the Banking sector of India 

 What is the real picture in ATM's in MP state

 Banks are saying that there are approx 9602 ATM's are there in state in which 4-5% are not working and there is 228 currency chest in the state in which there are Rs 3758 crore Rs approx are present in banks there is 3000 crore rs is present and 500 crore rs is in the ATM's and RBI has 3500 Crores means more than 10,000 crores which is sufficient for the state but still problem is there so what is there on Ground no one knows.

 For last 15 days India is facing this situation then why no decision was taken at that time when the financial authorities are aware that what cash means in India this is a big question which should be asked to these literate people but at  this moment waiting for a a week is not a bad deal for some but for some it is a loss case like businessman who have faced this same issue in past as well. 

Comments

Post a Comment

Popular posts from this blog

Mahatma Gandhi was not Anti Hindu

Today on the occasion of the death anniversary of sh Mahatma Gandhi i remember him as a one of the greatest leaders of India  but today 70 years ago a right wing Person whose name was Nathuram Godse assassinated him in Birla House of Delhi and after that he was hanged in the Jail in Ambala, Haryana and his brother gopal godse when got released in year 1964 he wrote a book on this whole matter and i have read that book in that book he made many points to prove that gandhi was a Anti Hindu but i want to ask this man nathuram and his followers that by assassinating mahatma gandhi he has violated the rules of bhagwat gita which clearly says that no person has right to murder another person and if anyone do that that murderer should be given death sentence by the law makers and further it also says that if murderer receives death sentence so in his next birth he will not face any issue in his next birth (Chapter 2 Sholka 11) and the Manu samhita another old Hindu text...
Post a Comment
Read more

Who was nehru and how we should see him

Everyone in India is aware of the Pandit Jawaharlal Nehru that but today many people are active in India who wants to criticise him and for that they can cross any limit but some people have some shame they criticise him on valid issues like on his Kashmir policy, China policy and other issues  but the question was who was Nehru Pandit Jawaharlal Nehru was the son of Freedom Figher and a great lawyer Pandit Motilal Nehru and just like his father pandit nehru was also Freedom Fighter, Writer, Barrister, columinst and also like his father he served the post of President of Indian National Congress he served the post of India's first Prime Minister for 17 years 1947-1964 and his term is full of appeaciations and criticisms some people judge him on great things which he did as Prime Minister like Establishment of Indian Institute of Technology, Inaugrating Bhakra Nangal Dam which helped the farmers of Panjab and other native states to good amount of water and electricity and for ...
Post a Comment
Read more

2g घोटाले का फैसला राजनीति में घमासान

2G स्पेक्ट्रम पर कोर्ट का फैसला आने के बाद भारत के पूर्व अटोर्नी जनरल मुकुल रोहतगी जी जिन्होंने इस मामले में अभुयुक्तो कई तरफ से पैरवी की थी उनका बयान आया है कि इस मामले में कुछ दम था ही नही तो ये खत्म होना चाहिए था और कुछ कानूनी बाते भी बताई इसी मामले के जज ओपी सैनी ने अपने बयान में कहा है कि में खुद पिछले सात साल से जिसमे छुट्टी के दिन भी शामिल थे रोज़ ओपन कोर्ट लगा कर सुबह 10 से शाम 5 बाजे तक सबूत का इंतज़ार करता था पर एक भी सबोइट पेश नही कर पाई सीबीआई उन्होंने ये भी कहा कि तथ्य और सबूतों पर कुछ काम नही हो रहा जो काम हो रहा था अफवाहों और कनफूसियो पर हो रहा था। यानी सीधी भाषा में कहे तो काम नही मज़ाक हो रहा था ये 1 लाख 76 हज़ार करोड़ के घोटाले की बात जब सामने आई कैग द्वारा तो जनता क्या सरकार क्या मीडिया क्या सबके होश फाख्ता हो गाये थे अब इस फैसले के बाद ये समझ जाएं कि कैग जो भारत की सबसे विश्वनीय संस्था है वो गलत रिपोर्ट दे सकती है। इस घोटाले के आने के बाद देश का टेलीकॉम सेक्टर कितने नुकसान में गाया था ये सब जानते खुद टेलीकॉम सेक्टर में काम करने के कारण हमें इस बारे में बताया गया था...
Post a Comment
Read more