Return of Demonitization days Cash crunch at ATMs across India, Jaitley blames 'sudden and unusual' withdrawals Current Affairs 

Return of Demonetisation days: Cash crunch at ATMs across India, Jaitley blames ‘sudden and unusual’ withdrawals

Reports of cash crunch at Automated Teller Machines (ATMs) across various states have brought back memories of November 2016 demonetisation, when Prime Minister Narendra Modi, in a midnight announcement said old notes of Rs. 500 and Rs. 1000 will be scrapped. States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Maharashtra, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. The ATMs are either not working or are out of cash. The government is checking with banks and the Reserve Bank of India to ensure adequate supply of currency.…

Read More