Business Standard

Govt, RBI strapped for reasons to explain cash crunch: Opposition

Senior Congress leader P Chidambaram asked the RBI to explain why there is a cash shortage when it claims it has printed and supplied sufficient cash

A man stand next to an out-of-service Automated Teller Machine (ATM) in Allahabad on Wednesday
Premium

A man stand next to an out-of-service Automated Teller Machine (ATM) in Allahabad on Wednesday

Archis Mohan New Delhi
The Congress and other Opposition parties on Wednesday criticised the Centre and the Reserve Bank of India’s (RBI’s) ‘lack of planning’ to provide automated teller machines with sufficient cash on the occasion of Akshaya Tritiya.

Trinamool Congress Rajya Sabha member Dinesh Trivedi asked the government to reveal the ‘real reasons’ behind the cash crunch across the country. “I feel that the real reason for the cash crunch is because the government has perhaps decided to discontinue the Rs 2,000 denomination currency notes,” Trivedi, who is a member of the Parliamentary Standing Committee on Finance, said.

Congress spokesperson Pawan Khera said the harvest

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in