KTR Reacts To Cash Crunch As Telangana ATMs Go Dry
Hyderabad: Telangana IT minister KT Rama Rao took at a dig at the explanation on cash crunch put out by Union Finance Minister Arun Jaitley. KTR countered Arun Jaitley by tweeting that the cash shortage was not all of a sudden and not a temporary one. He said that over the last three months he has been receiving complaints of dry ATMs in Hyderabad. He also suggested that RBI and finance ministry take measures to restore confidence among the people on the banking system.
Earlier today, reacting to the people's anger over cash crunch in ATMs, Arun Jaitley tweeted saying that all the banks have enough money and there was enough currency in circulation. Due to certain unexpected transactions in few places, there would have been shortage of money which would be duly addressed, he said.
KTR Tweet:
Sir, with due respect the cash shortage in Banks & ATMs is neither sudden nor temporary. I’ve been hearing complaints for over 3 months repeatedly in Hyderabad — KTR (@KTRTRS) April 17, 2018
Pls have RBI & Fin Min team dig deeper & not brush away an issue that is eroding people’s confidence in banking system https://t.co/llHzY6kiox
Earlier Union Finance Minister Arun Jaitley Tweeted:
Have reviewed the currency situation in the country. Over all there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ in some areas is being tackled quickly. — Arun Jaitley (@arunjaitley) April 17, 2018
