Cash Shortage
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Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
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China Cuts Medical Benefits For Senior Citizens Due To Cash Shortage
China's government, strapped for cash after enforcing a costly zero-Covid policy, is cutting medical benefits and planning to raise the retirement age, in deeply unpopular moves that are fueling widespread public anger, CNN reported.
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Crypto Players Left in Lurch as Signature Bank, SVB, Silvergate Collapses Shake Up Financial Market
The past week has witnessed the unbanking of the crypto sector in the US with three pro-crypto banks — Silvergate, Signature, and the Silicon Valley Bank — put an end to their operations. The shortage of cash as well as the pressure to keep their businesses afloat amid the ongoing financial market slump made the US authorities to step in and ta...
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Print Money? Eat Swans? How North Korea Is Dealing With "Perilous" Crisis
From printing coupons as replacement cash to breeding ornamental black swans to eat, North Korea is being forced to innovate to handle economic woes and food shortages as anti-pandemic border lockdowns drag on, reports suggest.
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WHO Creates Foundation To Boost Funds In Fight Against COVID-19
The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.
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Petrol Will Soon Touch Rs 100, Says Andhra Pradesh Chief Minister
Chandrababu Naidu also said cash that shortage was still prevalent in many parts of the country.
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Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
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Cash Shortage Issue Will Be Resolved By Tomorrow, Says SBI Chief
The problem of cash crunch being faced by some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said today.
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Amid Cash Crunch, Kanpur Traders Pray To 'ATM Deva' In Special Aarti. Watch
On Wednesday, Kanpur's Ghanta Ghar Chauraha was filled with sounds of hymns and bells as a group of shopkeepers gathered to perform a special aarti (prayer). The prayer wasn't for an auspicious festival but out of necessity as the traders turned to the powers-that-be to seek relief from the ongoing cash crunch in some parts of the country.
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Rs 200, Rs 500 Note Printing Stopped Due To Ink Shortage: Union Leader
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.
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Cash Crunch: Gujarat Banker's Body Writes To RBI
As several places in the country reported cash shortage at ATMs, a banker's body in Gujarat has written to the RBI on the issue. At several ATMs across Gujarat, a "no cash" notice greeted customers on Tuesday. Hassled consumers say the problem has persisted for at least 15 days.
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Spike In Withdrawals, Not Enough Deposits Caused Cash Crunch, Data Shows
A spike in cash withdrawals from banks over the last fortnight that people did not deposit into the banking sector has contributed to the cash crunch faced in several parts of the country, official statistics accessed by NDTV has indicated. This increase, finance ministry officials said, had led to a mismatch between the availability of cash and de...
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Cash Crunch In Several States; Is Mumbai Next?
Mumbai and other parts of Maharashtra could very well be next on the list of affected areas in terms of ATMs running dry, if the government doesn't do something soon to address the cash crunch certain states have been facing for the past few weeks.
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Printing Of Rs 500 Notes To Increase Five-Fold To Deal With Cash Crunch: Government
The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.
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Income Tax To Track Withdrawals That Led To Cash Crunch: Officials
Income tax officials have been roped in to probe the surge in cash withdrawals that is believed to have contributed to ATMs running out of cash in several parts of the country, a top government official has told NDTV. Finance Minister Arun Jaitley had earlier acknowledged a temporary shortage caused by 'sudden and unusual increase' of withdrawal in...
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Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
-
China Cuts Medical Benefits For Senior Citizens Due To Cash Shortage
China's government, strapped for cash after enforcing a costly zero-Covid policy, is cutting medical benefits and planning to raise the retirement age, in deeply unpopular moves that are fueling widespread public anger, CNN reported.
-
Crypto Players Left in Lurch as Signature Bank, SVB, Silvergate Collapses Shake Up Financial Market
The past week has witnessed the unbanking of the crypto sector in the US with three pro-crypto banks — Silvergate, Signature, and the Silicon Valley Bank — put an end to their operations. The shortage of cash as well as the pressure to keep their businesses afloat amid the ongoing financial market slump made the US authorities to step in and ta...
-
Print Money? Eat Swans? How North Korea Is Dealing With "Perilous" Crisis
From printing coupons as replacement cash to breeding ornamental black swans to eat, North Korea is being forced to innovate to handle economic woes and food shortages as anti-pandemic border lockdowns drag on, reports suggest.
-
WHO Creates Foundation To Boost Funds In Fight Against COVID-19
The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.
-
Petrol Will Soon Touch Rs 100, Says Andhra Pradesh Chief Minister
Chandrababu Naidu also said cash that shortage was still prevalent in many parts of the country.
-
Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
-
Cash Shortage Issue Will Be Resolved By Tomorrow, Says SBI Chief
The problem of cash crunch being faced by some states will be resolved by tomorrow as currency is being transported to areas which are facing the shortage, SBI Chairman Rajnish Kumar said today.
-
Amid Cash Crunch, Kanpur Traders Pray To 'ATM Deva' In Special Aarti. Watch
On Wednesday, Kanpur's Ghanta Ghar Chauraha was filled with sounds of hymns and bells as a group of shopkeepers gathered to perform a special aarti (prayer). The prayer wasn't for an auspicious festival but out of necessity as the traders turned to the powers-that-be to seek relief from the ongoing cash crunch in some parts of the country.
-
Rs 200, Rs 500 Note Printing Stopped Due To Ink Shortage: Union Leader
Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.
-
Cash Crunch: Gujarat Banker's Body Writes To RBI
As several places in the country reported cash shortage at ATMs, a banker's body in Gujarat has written to the RBI on the issue. At several ATMs across Gujarat, a "no cash" notice greeted customers on Tuesday. Hassled consumers say the problem has persisted for at least 15 days.
-
Spike In Withdrawals, Not Enough Deposits Caused Cash Crunch, Data Shows
A spike in cash withdrawals from banks over the last fortnight that people did not deposit into the banking sector has contributed to the cash crunch faced in several parts of the country, official statistics accessed by NDTV has indicated. This increase, finance ministry officials said, had led to a mismatch between the availability of cash and de...
-
Cash Crunch In Several States; Is Mumbai Next?
Mumbai and other parts of Maharashtra could very well be next on the list of affected areas in terms of ATMs running dry, if the government doesn't do something soon to address the cash crunch certain states have been facing for the past few weeks.
-
Printing Of Rs 500 Notes To Increase Five-Fold To Deal With Cash Crunch: Government
The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.
-
Income Tax To Track Withdrawals That Led To Cash Crunch: Officials
Income tax officials have been roped in to probe the surge in cash withdrawals that is believed to have contributed to ATMs running out of cash in several parts of the country, a top government official has told NDTV. Finance Minister Arun Jaitley had earlier acknowledged a temporary shortage caused by 'sudden and unusual increase' of withdrawal in...
