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Many ATMs run dry in MP cities, towns

IANS  |  Bhopal 

A large number of ATMs failed to dispense cash for the second consecutive day on Tuesday in several parts of with the accusing the BJP of hoarding money for the upcoming polls.

A large number of ATMs were empty and there were long queues at others where cash was still available, putting the common man to inconvenience.

Senior said the Bharatiya Janata Party-led (BJP) was collecting Rs 2,000 notes to influence the May 12 Assembly elections.

His statement came after on Monday called it a conspiracy, saying "certain persons are hoarding Rs 2,000 notes to cause a cash crunch".

said: "Chouhan has termed it a conspiracy, so who is going to uncover this conspiracy and end it. Instead of telling the people this, the should ask the who is behind this."

The on Monday said: "When demonetisation was announced in 2016, there was Rs 15.50 lakh crore in circulation in the market. Now, this figure is Rs 16.50 lakh crore. Where are the notes of Rs 2,000 denomination going?"

admitted to currency shortage but maintained that black marketing of Rs 2,000 notes could not be ruled out.

on Tuesday said in that "there is more than adequate currency in circulation", though "unusual demand" had led to cash shortage in some areas.



(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 20:24 IST