Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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    <h1 class="cat-box-title">Demonetisation: A month after move, why are we still strapped for cash? -Shameen Alauddin</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>RBI says it has released only Rs 4 lakh crore but banks have received Rs 11.55 lakh crore in deposits from the public; 65% currency remains unreplaced<br /><br />New Delhi: </em>Even as India grapples with an acute shortage of currency notes, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday announced that Rs 4 lakh crore (19.1 billion notes) had been injected into the system. The crunch might go on for longer, considering that it could take several more months before the RBI plugs back the Rs 14.48 lakh crore that went out of circulation. <br /><br />This leaves an astounding Rs 10.5 lakh crore (70% of currency) still left to be supplied.<br /><br />The RBI also stated that Rs 11.5 lakh crore of the illegal tender had been deposited by the public in banks. Assuming that the RBI is planning to replace only the value of notes it has received so far, it would still leave Rs 7.5 lakh more to be injected into the system. That means an estimated 65% of the money taken out of circulation still remains to be replaced one month after demonetization.<br /><br />This probably explains why the cash shortage across banks is still persisting across the country, with long queues at bank branches and dysfunctional ATMs a constant sight. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html" title="http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <h1 class="cat-box-title">Demonetisation: A month after move, why are we still strapped for cash? -Shameen Alauddin</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>RBI says it has released only Rs 4 lakh crore but banks have received Rs 11.55 lakh crore in deposits from the public; 65% currency remains unreplaced<br /><br />New Delhi: </em>Even as India grapples with an acute shortage of currency notes, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday announced that Rs 4 lakh crore (19.1 billion notes) had been injected into the system. The crunch might go on for longer, considering that it could take several more months before the RBI plugs back the Rs 14.48 lakh crore that went out of circulation. <br /><br />This leaves an astounding Rs 10.5 lakh crore (70% of currency) still left to be supplied.<br /><br />The RBI also stated that Rs 11.5 lakh crore of the illegal tender had been deposited by the public in banks. Assuming that the RBI is planning to replace only the value of notes it has received so far, it would still leave Rs 7.5 lakh more to be injected into the system. That means an estimated 65% of the money taken out of circulation still remains to be replaced one month after demonetization.<br /><br />This probably explains why the cash shortage across banks is still persisting across the country, with long queues at bank branches and dysfunctional ATMs a constant sight. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html" title="http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <h1 class="cat-box-title">Demonetisation: A month after move, why are we still strapped for cash? -Shameen Alauddin</h1>
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                            <div align="justify">-Business Standard<br /><br /><em>RBI says it has released only Rs 4 lakh crore but banks have received Rs 11.55 lakh crore in deposits from the public; 65% currency remains unreplaced<br /><br />New Delhi: </em>Even as India grapples with an acute shortage of currency notes, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday announced that Rs 4 lakh crore (19.1 billion notes) had been injected into the system. The crunch might go on for longer, considering that it could take several more months before the RBI plugs back the Rs 14.48 lakh crore that went out of circulation. <br /><br />This leaves an astounding Rs 10.5 lakh crore (70% of currency) still left to be supplied.<br /><br />The RBI also stated that Rs 11.5 lakh crore of the illegal tender had been deposited by the public in banks. Assuming that the RBI is planning to replace only the value of notes it has received so far, it would still leave Rs 7.5 lakh more to be injected into the system. That means an estimated 65% of the money taken out of circulation still remains to be replaced one month after demonetization.<br /><br />This probably explains why the cash shortage across banks is still persisting across the country, with long queues at bank branches and dysfunctional ATMs a constant sight. <br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html" title="http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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Demonetisation: A month after move, why are we still strapped for cash? -Shameen Alauddin

Published on Dec 8, 2016   Modified on Dec 8, 2016

-Business Standard RBI says it has released only Rs 4 lakh crore but banks have received Rs 11.55 lakh crore in deposits from the public; 65% currency remains unreplaced New Delhi: Even as India grapples with an acute shortage of currency notes, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday announced that Rs 4 lakh crore (19.1 billion notes) had been injected into the system. The crunch might go on for longer, considering that it could take several more months before the RBI plugs back the Rs 14.48 lakh crore that went out of circulation. This leaves an astounding Rs 10.5 lakh crore (70% of currency) still left to be supplied. The RBI also stated that Rs 11.5 lakh crore of the illegal tender had been deposited by the public in banks. Assuming that the RBI is planning to replace only the value of notes it has received so far, it would still leave Rs 7.5 lakh more to be injected into the system. That means an estimated 65% of the money taken out of circulation still remains to be replaced one month after demonetization. This probably explains why the cash shortage across banks is still persisting across the country, with long queues at bank branches and dysfunctional ATMs a constant sight. Please click here to read more.

Business Standard, 7 December, 2016, http://www.business-standard.com/article/economy-policy/demonetisation-a-month-after-move-why-are-we-still-strapped-for-cash-116120700863_1.html

Tagged with: ATMs Reserve Bank of India cash crunch Currency demonetisation Demonetisation Money Supply RBI

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