ap-is-facing-severe-cash-crunch-lokesh

ap-is-facing-severe-cash-crunch-lokesh
Nara Lokesh has on Tuesday said that there is severe cash crunch in Andhra Pradesh. "It's very sad that Hon'ble Finance Minister Arun Jaitley ji is not understanding the reality, and saying everything is good. AP is facing a severe cash crunch. AP Govt is not able to even give the pensions and pay to MGNREGS workers. Our CM has written several times about this issue to GOI, but the situation has not improved. At least now, the Central Govt. has to react on this, and resolve the issue at the earliest," he noted. On the other hand, Subhash Chandra Garg, the Secretary of Ministry of Finance's DEA, said, "There is no cash crunch or cash shortage in the country right now. Have witnessed an unusually high demand for currency this month. Total currency supply in the country stands at Rs 18 lakh Cr. Pre-DeMonetisation levels were Rs. 17.5 lakh Cr." Rahul Gandhi has put the blame on Narendra Modi, though. "Modi ji has destroyed the banking system. Nirav Modi fled with Rs 30,000 crore and the Prime Minister didn't utter a word. We were forced to stand in queues as he snatched Rs. 500 and Rs. 1000 rupee notes from our pockets and put them in Nirav Modi's pocket," he said today.