Currency Crunch
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Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
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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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Printing Press Running 24X7 To Offset Cash Crunch: Official
The government has speed up currency note printing and is running all its four presses round-the-clock, an officer said today amid ATMs running dry in many parts of the country. This week, the note printing presses have been minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfallm, he said
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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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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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As ATMs Run Dry, This Press Is Working 3 Shifts To Print Currency Notes
After ATMs in parts of multiple states are reported to be running dry, workers at a government-run printing press in Madhya Pradesh are working three shifts to print currency notes. On Tuesday, the government reportedly said it has decided to increase printing of Rs. 500 notes by five times to meet the "unusual" currency demand.
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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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Chandrababu Naidu Asks Centre For Currency Amid Cash Crunch In Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu has requested the centre to immediately send currency notes of different denominations amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.
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Kerala's Big Cash Crunch: ATMs, Salaries and Pensions Are Hit
The cash crisis has returned to haunt Kerala, threatening to disrupt withdrawal of salary and pensions by government employees across the state. The Kerala government on Tuesday declared that the state treasury had the money but not the currency notes that people needed. If the central bank does not step in, Finance Minister TM Thomas Isaac warned,...
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5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
-
Paytm Bets on Local Expertise to Fend Off Rivals
Paytm, which started in 2010, became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.
-
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.
-
Printing Press Running 24X7 To Offset Cash Crunch: Official
The government has speed up currency note printing and is running all its four presses round-the-clock, an officer said today amid ATMs running dry in many parts of the country. This week, the note printing presses have been minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfallm, he said
-
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.
-
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.
-
As ATMs Run Dry, This Press Is Working 3 Shifts To Print Currency Notes
After ATMs in parts of multiple states are reported to be running dry, workers at a government-run printing press in Madhya Pradesh are working three shifts to print currency notes. On Tuesday, the government reportedly said it has decided to increase printing of Rs. 500 notes by five times to meet the "unusual" currency demand.
-
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.
-
Chandrababu Naidu Asks Centre For Currency Amid Cash Crunch In Andhra Pradesh
Andhra Pradesh Chief Minister N Chandrababu Naidu has requested the centre to immediately send currency notes of different denominations amounting to Rs 5,000 crore to the state as ATMs there are facing cash shortage.
-
Kerala's Big Cash Crunch: ATMs, Salaries and Pensions Are Hit
The cash crisis has returned to haunt Kerala, threatening to disrupt withdrawal of salary and pensions by government employees across the state. The Kerala government on Tuesday declared that the state treasury had the money but not the currency notes that people needed. If the central bank does not step in, Finance Minister TM Thomas Isaac warned,...
-
5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
