While, Finance Minister reiterated that 'we have reviewed the currency situation and there is more than adequate cash available'.
Cash-starved customers in large numbers started queuing up outside ATMs and banks since early Tuesday morning to withdraw currency notes from vending machines, but a lot of them were either out of service or had a board notifying "no cash". "The temporary shortage caused by "sudden and unusual increase" in some areas is being tackled quickly", Jaitley tweeted.
"We've cash currency of Rs1,25,000 cr right now".
The Centre on Tuesday admitted to the cash crunch and blamed it on uneven distribution of currency by the RBI across states. "It'll be done in three days", Shukla said. Similar reports have come from other cities in several states.
In UP capital Lucknow, two ATMs near the RBI office in Gomti Nagar have no cash in them.
People of several states of India, including Gujarat, Maharashtra, Karnataka, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana are facing cash crunch as most of the ATMs in these states are either out of cash or not in service. And the only party flush with cash is the BJP: "the people suffer", he tweeted.
Recently, the cash situation has detoriated across India, last month the cash situation in Andhra Pradesh and Telangana got so detoriated that the banks have chose to get cash from Maharashtra and Kerala for Telangana and for Andhra Pradesh, it got transferred from Odisha and Tamil Nadu. Meanwhile, the opposition Congress has asked if the cash crunch has taken place because of "deliberate move" of the government.
The Congress, from its official Twitter account, is running a poll asking people whether the situation is a "gross mismanagement by the government" or "a deliberate move". After the demonitisation exercise, the currency in circulation increased to Rs. 16,50,000 crore. "Compared to that over Rs 18 lakh crore worth of high denomination notes are in circulation today", a senior RBI official told India Today. "But notes of Rs. 2,000 are missing from the market". Who are the persons creating shortfall of cash? "The government will act tough on this". This is a conspiracy to create problems.