Saturday, October 23, 2021
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Demonetisation Effects

Bank ATMs go dry

Lack of cash supplies from RBI and deposits from customers causing the situation.

Queues for cash on, toll collection resumes

Queues were seen outside many banks and a limited number of ATMs which were dispensing cash, as people lined up to take out some money to meet their start-of-month commitments. As toll booths resumed their operations from 12 am on Saturday long queues were seen on all the toll plazas.

Dip in liquor sales

The Excise Department incurred a loss of Rs 10 crore as the liqour sales dwindled on account of shortage of currency notes.

No relief for people in Telangana, Andhra for 13th day

Long queues were seen at banks and ATMs in Hyderabad, Warangal and other towns in Telangana. The situation was no different in Vijayawada, Visakhapatnam and other towns in neighbouring Andhra Pradesh.

Demonetisation after-effects to last longer: Chidambaram

"The PM's time out for 50 days might ease the liquidity crisis at individual's hands, but it won't solve many other problems," Chidambaram said.

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Telangana Today