Thursday , December 5 2024

Demonetisation Days Back In India As ATMs Go Empty

Amethi: With ATMs suddenly running dry in several states, Congress President Rahul Gandhi on Tuesday slammed Prime Minister Narendra Modi for what he described as destroying India’s banking system by ushering in “acchhe din” for fugitive jewellers Nirav Modi and Mehul Choksi.
 
Modi Destroyed Banking System: Rahul
Gandhi also criticised Modi for his silence on the banking frauds allegedly committed by the diamond merchants who have fled the country.
 
“Modiji destroyed the banking system. Nirav Modi fled with Rs 30,000 crore and the Prime Minister didn’t utter a word,” Gandhi said.
 
“We were forced to stand in queues as he snatched Rs 500-1,000 notes from our pockets and put them in Nirav Modi’s pocket.” he said.
 
He was replying to reporters questions about the current cash crunch with ATMs running out of notes across the country.
 
Gandhi said the Prime Minister was scared of speaking in Parliament during the second half of the just concluded budget session which was completely washed out in protests.
 
“Had we been allowed to speak in Parliament on Rafael (jets) issue, Nirav Modi matter, the Prime Minister won’t be able to stand,” he said.
 
The Congress President said Modi personally knew Nirav Modi and Choksi and called them by first names “Nirav bhai and Mehul bhai”.
 
“The ‘acchhe din’ he (the Prime Minister) had promised for the nation have ushered only for 15 persons, including Nirav Modi and Mehul Choksi. For the poor of this country, including farmers, labourers and daily-wagers, it is all ‘bure din’.”
Kolkata: Amid reports of ATMs running dry in several states, West Bengal Chief Minister Mamata Banerjee on Tuesday said it reminds her of the demonetisation days.
 
She also asked whether a “financial emergency” was going on in the country.
 
“Seeing reports of ATMs running out of cash in several states. Big notes missing. Reminder of #DeMonetisation days. Is there a Financial Emergency going on in the country? #CashCrunch #CashlessATMs,” Banerjee tweeted.
 
Currency shortage was reported in Andhra Pradesh, Telangana and Madhya Pradesh in the past few weeks.
 
Also Read: Investments by Foreign Entities With Common Owner is Single FPI Entry: Sebi
 
There were also complaints of shortage in parts of Maharashtra, Gujarat and Bihar on Monday.
 
However, Union Finance Minister Arun Jaitley on Tuesday said the government has reviewed the situation and “there is more than adequate currency in circulation”.
 
According to the Reserve Bank of India data, currency in circulation as on April 6 was Rs 18.17 lakh crore.

Check Also

French government collapses in no-confidence vote

05-12-2024 PARIS: The French government has collapsed after Prime Minister Michel Barnier was ousted in …