However, authorities have allayed fears of a currency shortage saying there was more than adequate cash in circulation in the country. ATMs were empty or not working in several states such as Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Bihar, Madhya Pradesh and Telangana, domestic media reported. Overall, there is more than adequate currency in circulation and also available with the banks,” Federal Finance Minister, Arun Jaitley tweeted on Tuesday. “The temporary shortage cause by ‘sudden and unusual increase’ in some areas is being tackled quickly,” he said. Officials insisted that 85 per cent of cash machines across India were working but about five per cent were empty or affected, broadcaster NDTV reported.

Source: Punch April 17, 2018 10:07 UTC