'Temporary shortage' of cash is being handled rapidly, FM Arun Jaitley

New Delhi, Apr 17 Union Finance Minister Arun Jaitley on Tuesday called the cash crunch in the nation as a 'temporary shortage' and guaranteed that the situation is being handled quickly.

"Have assessed the cash circumstance in the nation. Over all there is more than satisfactory money available for use and furthermore accessible with the banks. The brief lack caused by 'sudden and surprising increment' in a few zones is being handled rapidly," the Finance Minister wrote on Twitter.

Shukla said that the issue will be settled inside three working days as the legislature has about Rs. 1,25,000 crores of cash currency.

"We have money cash of Rs. 1,25,000 crores at the present time. There is one issue that a few states have less money and others have more. The legislature has framed state-wise advisory group and RBI likewise shaped board of trustees to exchange cash from one state to other.

He added that there is nothing to stress over and that the financial arrangement of India is still safe and secure.

Meanwhile, the people in different parts of the nation, including Delhi, Karnataka, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh, Telangana, Maharashtra, among others have been not able pull back money from a few ATMs.

"We don't know what or where the issue is however the basic man is confronting trouble as the ATM stands are not apportioning money. We have gone by five to six ATMs since morning. We have to pay for the affirmation of youngsters and buy basic supplies and vegetables," asserted an occupant of Varanasi.

A few people in Hyderabad are also facing the comparative issue.

"We have been not able pull back money from ATMs as the stands, in a few sections of the city, have come up short on money. We have gone by a few ATMs since yesterday yet this is the circumstance all over the place," a man said in Hyderabad.

In any case, individuals in Madhya Pradesh asserted that they have been confronting a money smash throughout the previous two weeks.

"We are facing a money crunch. ATMs are not dispensing money. The circumstance has been the same for most recent 15 days. We have gone to a few ATMs today also, without any result," a nearby said.

The general population in Delhi, then again, said that the vast majority of the ATMs are apportioning just Rs. 500 notes.

"We are confronting a money crunch. The vast majority of the ATMs are not apportioning money, the ones which are administering, have just Rs. 500 notes. We are confronting trouble, don't comprehend what to do," guaranteed an occupant in the National capital.

In Bihar's Patna a few ATMs have gone 'out of administration' making bother local people.

"I have been taking rounds of ATMs since most recent three days however money is as yet not accessible. Confronting a great deal of bother in this warmth," said a Patna occupant.