Relax and look at the data.
India withdraws ₹2.4 to 2.5 lakh crores every month from ATMs alone. What is so big about 45K cores in 3 weeks then?
India withdraws ₹2.4 to 2.5 lakh crores every month from ATMs alone. What is so big about 45K cores in 3 weeks then?
India withdrawn ₹2.64 lakh crores from ATMs using debit cards in the month of December 2017.
In October 2016, this was ₹2.55 lakh crores & during Nov 2016 & Dec 2016 it was ₹1.23 lakh crores & 0.85 lakh crores. But it jumped to ₹2.26 LC in March 2017.
In October 2016, this was ₹2.55 lakh crores & during Nov 2016 & Dec 2016 it was ₹1.23 lakh crores & 0.85 lakh crores. But it jumped to ₹2.26 LC in March 2017.
Of course, elections naturally increase cash demand. But don't blame that alone for the #cashcrunch.
RBI failed to circulate enough currency needed in the system & hope they may do a course correction.
As per latest statistics as on 6/4/18,CIC is ₹18.425 LC, which is 1LC less!
RBI failed to circulate enough currency needed in the system & hope they may do a course correction.
As per latest statistics as on 6/4/18,CIC is ₹18.425 LC, which is 1LC less!
Our media don't believe in questioning Government based on data!
Everyone was salivating over CIC crossed pre-Demon levels.
No one care to ask whether that much CIC is enough to meet the need to maintain the prevailing GDP?
Everyone was salivating over CIC crossed pre-Demon levels.
No one care to ask whether that much CIC is enough to meet the need to maintain the prevailing GDP?
No one bothered to ask under what logic the same Government & RBI print currency notes at around 15% annual growth rate pre-Demon levels!
How system will sustain with less than 1.5% annual growth of CIC post DeMon?
Did digital transactions replace that much CIC?
No Qns pls 😉
How system will sustain with less than 1.5% annual growth of CIC post DeMon?
Did digital transactions replace that much CIC?
No Qns pls 😉
Now says @INCIndia is behind the cash crunch 😜
Ha ha..Are you admitting that Congress is so smart to withdraw money and dry out ATMs to make this Government & RBI to their knees?
What a lovely spin. Bhakts will eat any garbage 🤣
Ha ha..Are you admitting that Congress is so smart to withdraw money and dry out ATMs to make this Government & RBI to their knees?
What a lovely spin. Bhakts will eat any garbage 🤣
done a grave mistake. They let Urjit Patel off the hook without making him accountable to the Parliamentary Committee. MMS is a gentleman but not a smart politician. Politics demands Urjit Patel should be grilled & forced to explain his stupidity or servitude!
BRB, please understand that the data I shared here is just the money withdrawn from ATMs alone. The currency withdrawal from bank counters are not shared by RBI in their database.
CASH IS THE KING 👑
JUST ADMIT THAT & MOVE ON..
CASH IS THE KING 👑
JUST ADMIT THAT & MOVE ON..
This graph is for education purpose for my journalist friends. This will give u an idea of currency withdrawn from ATM using debit cards each month between Oct 2016 to Feb 2018 using the data published by RBI.
Think why there was on cash crunch on Oct 2016 and why it is now?
Think why there was on cash crunch on Oct 2016 and why it is now?
Now ask aloud why there was no cash crunch when more than 1.2 lakh crores deposit fall happens in two weeks before DeMon?
Oh.. We don't ask inconvenient questions.. I forget.. 😛
Oh.. We don't ask inconvenient questions.. I forget.. 😛
Our Finance Minister response then
Of course, we are blessed with a great opposition, who loves to observe maun vrit about this.
Of course, everyone, from INC to AAP...DeMon was awe & they were speechless 😶
Of course, everyone, from INC to AAP...DeMon was awe & they were speechless 😶
For the ones who wants to teach me certain leaders statements. My view point is that opposition's role is not lip service or generalised statements or accusations or unconditional apology. You should enlighten people and bring them to the street to resist when country is looted
For the ones to educate me about their great leader hit the streets,
Let me share my observations.. when it was UPA, he was a roaring lion not ready to cede an inch... When it was Modi , his shoulders were stooped and the voice was feeble ;)
Let me share my observations.. when it was UPA, he was a roaring lion not ready to cede an inch... When it was Modi , his shoulders were stooped and the voice was feeble ;)
Except Mamata Banerjee, I have not seen any opposition leader made noise about DeMon with conviction. It's my observation, you can agree or disagree. I made that clear then and now too.
We should learn to question our leaders if we see inconsistencied rather than worshiping them like ardent devotees. That helps the democracy & make them better leaders. But most of us love to follow the cult culture.. That is a curse!
Good night friends :)
Good night friends :)
No cash crunch
