Why have a number of ATMs gone dry in parts of India? Why is the situation so bad in Hyderabad despite the Government claiming that the city is the highest among all RBI offices during Apr 2017-Feb 2018 9 in terms of cash supply (more than Rs. 51,000 Cr)?
Foul play is suspected by many. Says @sidmtweets, a lawyer, "Two possible explanations for this cash crunch. 1) RBI & Govt are thoroughly incompetent in cash management? 2) A political agent with huge reserves managed to take out an obscene amount of cash directly with the collusion of banks/currency chests and deployed it for upcoming elections (in Karnataka)?"
Meanwhile, Sanju Verma of the BJP's intellectual cell has said that the average cash withdrawal for the month must have shot up by three times. "In such a situation, there is bound to be a transient glitch, but to say, that the govt has failed is stretching your imagination too far," she says.