NEW DELHI: As per the reports from several states, ATMs are running out of cash. The states which are complaining the cash crunch includes Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana. People from Delhi took to Twitter to complain about not getting cash at ATM’s. The happening has reminded everyone about the long queues and non-functioning machines after demonetization in November 2016.

In Hyderabad itself, news agency ANI quoted people saying that they were not able to withdraw cash since few days. Varanasi too had got similar complains.

Some reports suggest that the officials of the finance ministry held a meeting with the Reserve Bank of India (RBI) last Thursday, to take stock of the situation.

According to the sources, RBI has issued directives to banks with surplus cash to help out other banks facing a shortage of funds. Demand and supply of cash are seeing a great difference. Transactions through ATMs have also increased. As per the earlier reports, it was Rs. 3,000 as an average and not it increased to Rs. 5,000, the sources say.

The cash crunch news reports make everyone to remember the black days of November 2016 in which Prime Minister Narendra Modi took the citizens by surprise after making a midnight announcement that the old notes were no longer valid currency. The Congress party and Left criticized the government over the issue. The Congress even questioned about the issue by asking whether it is “gross mismanagement or a deliberate move”, Mr Sitaram Yechury tweeted ATMs are dry but “only party flush with cash is the BJP.”

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has alleged that there is a conspiracy behind Rs. 2,000 notes are vanishing from the market.

During an address at a farmers’ convention, Mr Chouhan said on Monday, “The currency worth Rs. 15,00,000 crore was in circulation before demonetisation. After the demonetisation exercise, the currency in circulation increased to Rs. 16,50,000 crore. But notes of Rs. 2,000 are missing from the market.”

He was referring to the news reports of ATMs running out of cash at some parts of the state.

“Where are these notes of Rs. 2,000 denomination going? Who is keeping them out of circulation? Who are the persons creating a shortfall of cash? It is a conspiracy to create problems. The government will act tough on this,” he said.

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