Shortage at source responsible for cash crunch: Cong's Praveen Chakravarty

The government has no business in dictating the RBI on currency management, the former investment banker said

The cash crunch started in the South and then surfaced in other parts of the country over the last two weeks. Praveen Chakravarty, a former investment banker, and a political economist heading the data analytics department of the Congress, spoke to Abhishek Waghmare on his views on the subject. Edited excerpts:

Where exactly is the root of the cash crunch problem? 

Before we talk about the root of the problem, let us get to what is more bewildering than the shortage itself. The RBI in its press release (April 17) said that there is sufficient cash in their vaults and