Adequate currency in circulation, says Arun Jaitley
Adequate currency in circulation, says Arun Jaitley
18 April, 2018, 23:59
Cash crunch has been reported in several states including Karnataka, Telangana, Andhra Pradesh, Maharashtra, Rajasthan, Uttar Pradesh and Madhya Pradesh.
The Economic Affairs secretary further told the media that the government will supply Rs 2,500 crore of Rs 500 notes per day. Officials attributed the "unusual spurt in demand" for payments made for crop procurement and looming elections. The shortage has been blamed on inadequate availability of Rs 2,000 currency notes, and the fact that ATM cassettes have not been configured to dispense smaller Rs 200 notes.
The country last saw such shortages in wake of Modi's shock decision to withdraw nearly 86 percent of the cash in circulation with a single order in November 2016. They further said the situation has improved substantially with coordinated efforts of finance ministry, RBI, banks and cash logistic companies.
Observing that there is unusually high demand for currency, Mr Garg said there are multiple factors for this including tendency to hoard cash and it is stronger in some parts of the country.
This comes amid reports of an unusual spike in cash in the ATMs in many parts of the country. Overall issue of less cash should come to normalcy within soonest possible time, " said Neeraj Vyas, DMD (Chief Operating Officer), SBI.
The Government is taking all steps to ensure that ATMs are supplied with cash and to get non-functional ATMs normalised at the earliest. Currency notes of Rs 2,000 valued at almost Rs 5 lakh-crore were printed after demonetisation. Some psychological feeling why not keep some cash in pocket rather than keeping in banks. On an average 10-12% of ATMs at a given point of time are usually under maintenance due to one or the other reason and remain out of service. Reports of cash shortage first emerged from southern states of Andhra and Telengana. Data shows that after peaking at Rs 154.09 lakh crore in March 2017, the value of digital transactions fell to Rs 114.12 lakh crore in February 2018.
There may be a feeling among people that there will be a cash shortage in the future, which is causing people to withdraw cash, Garg said.
The Oregon-based Mengis Capital Management Inc. has invested 2.59% in the stock. 1,200 are owned by Ellington Mngmt Group Ltd Co. Its down 0.02, from 1.08 in 2017Q3. 151 funds opened positions while 637 raised stakes. 747,224 are owned by Raymond James And.
Those on probation do not lose their right to vote and those doing time for a misdemeanor can vote via absentee ballot. These individuals are participants in society at large, despite the limitations placed on them by parole conditions.
Princeton Capital Management LLC bought a new position in shares of Transocean during the fourth quarter valued at about $107,000. Taking a broader look at the analyst consensus, brokerage firms have a price target of $12.14 on Transocean Inc (NYSE: RIG ).
It increased, as 57 investors sold VZ shares while 662 reduced holdings. 118 funds opened positions while 594 raised stakes. After $-0.02 actual EPS reported by WPX Energy, Inc . for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
When the process is complete, they'll leave their purchases at the store, and return home to accept delivery during their window. Target, with more than 1,800 stores, has been adding more ways for potential shoppers to get their goods.
Jarrar also mocked the grief of the Bush family, saying she couldn't care less about all the backlash she stirred up on Twitter. Eugene Gu, a resident physician at Vanderbilt University Medical Center and prolific Trump critic, told Jarrar to "stop".
According to him, Diamond had gone against the country's moral code by posting a series of suggestive videos on his social media. The Paris-based Reporters Without Borders said last week the new online content rules "will kill off Tanzania's blogosphere".
Saying that she was brought up in Bareilly in Uttar Pradesh, the actress used the "Desi Girl" card to put her message across. She is the catalyst at the film's most important turning point, " he further added.
The Mexican middleweight had been due to face Golovkin but his place has already been filled by Vanes Martirosyan. Upon his return to boxing, Alvarez has agreed to provide negative drug tests before his next fight in Las Vegas.
This comes in the wake of students expressing their desire for a walkout this Friday. "Now we vote", the event's messaging states. Three of Lane's classmates are leading the National School Walkout with her, including Grant Yaun, a 17-year-old junior.
Featured Stock: Arqule Inc (ARQL)
Institutional Ownership/ Insider Ownership: Ensco plc institutional ownership is held at 89.8% while insider ownership was 0.5%. During the past week, the stock's average weekly volatility was 6.97% and 3.87% volatility over the past 30 days.
Why Do YOU Think de Nysschen Is Out At Cadillac?
Sales declined 8 percent a year ago and dropped another 4.6 percent through March, leading to his ousting as Cadillac president. Cadillac global sales grew 15.5% last year to 356,457 units for the second-biggest sales year in its 115-year history.
Marathon Patent Group, Inc. (MARA) - EPS Growth Analysis
According to Wilder, any number above 70 should be considered overbought and any number below 30 should be considered oversold. Dropbox, Inc. (NASDAQ:DBX) shares are up more than 4.74% this year and recently increased 2.79% or $0.81 to settle at $29.83.