Amartya Sen said the Indian economy suffered due to the government's decision to ban high-value currency notes in November 2016
Currency supply to ATMs and branches has improved but cash crunch still persists in the system which would be normalised soon, bank officials said on Friday
Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story
SBI's stand on the cash crunch disregards ground realities. The bank's economists are probably playing to the government's tune.
Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation
Post demonetisation, the growth in currency in circulation has not kept up with the growth in India's nominal GDP.
Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors
Amid the ongoing cash crunch in the country, tax authorities conducted 30-35 raids in Karnataka and parts of Andhra Pradesh in order to corner cash hoarders
Cash crunch: ATMs in Andhra and Telangana are nearly dry; authorities had flagged problem with New Delhi
As on date, one in every two of the nearly 3000 ATMs in Hyderabad do not have cash.
Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country
Cash position across country improving; over 80 percent of 2.2 lakh ATMs operating normally, say sources
Cash position across the country is improving fast with over 80 percent of 2.2 lakh ATMs operating normally on Wednesday, official sources said.
Even as government and Reserve Bank of India (RBI) have asserted that there is no currency shortage, SBI Research on Wednesday pegged the cash shortfall in the system at a whopping Rs 70,000 crore, which is a third of the monthly withdrawals at ATMs
Cash crunch: Hype surrounding digital payments blurred our view; hard currency continues to drive India
Going beyond demand and supply factors, the reason for the cash crunch could be a simple case of the RBI not printing enough notes to keep pace with demand.
RBI said it is taking steps to move currency to areas which are witnessing unusually large cash withdrawals
Cash crunch: Govt to up printing of Rs 500 notes by five times; move will inject currency worth Rs 2,500 crore a day
To meet the "unusual" currency demand in the country, the government has decided to increase printing of Rs 500 notes by five times
As opposed to an average cash demand of about Rs 20,000 crore a month, "in the first 13 days of April itself there was a demand of Rs 45,000 crore
Cash crunch: Twitterati slams PM, FM for dry ATMs, call it a 'planned' move; few even blame Congress
Cash crunch has affected ATMs in cities and towns across Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh
Demonetisation: After suffering death, injury and loss of income, people ask; was the pain worth it?
Companies, bankers, employees and customers, some SMEs have together raised their voices against the sudden withdrawal from banking system of Specified Bank Notes on 8 November last year.
Nomura said it expects the growth damage to be larger than the RBI's estimates
For a sector that has long struggled with low profitability and sour loans currently totalling $136 billion, even a temporary hit is painful