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$adminprix = 'admin' $rn = object(App\Model\Entity\Article) { 'id' => (int) 36313, 'title' => 'ATMs run out of notes: Here's the reason behind the massive cash crunch -Somesh Jha', 'subheading' => '', 'description' => '<div align="justify"> -Business Standard<br /> <br /> <em>Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth<br /> </em><br /> Automated Teller Machines (ATMs) across various states are running dry with the present situation reminiscent of demonetisation of high-value currency notes one-and-a-half years back.<br /> <br /> States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by the Reserve Bank of India (RBI) found that the rate of cash withdrawal was much higher than the rate of cash deposits in Andhra Pradesh, Bihar, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana, among other states. Complaints of cash crunch have been reported from semi-urban and rural regions of the states.<br /> <br /> Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth.<br /> <br /> The notes in circulation on November 4, 2016 - four days before the Union government announced demonetisation of Rs 500 and Rs 1,000 notes - were Rs 17.74 trillion. Currency notes in circulation are now at Rs 18.04 trillion. The cash in circulation-to-GDP ratio before demonetisation stood at 11.6% and it has declined to 10.7% at present.<br /> <br /> Please <a href="http://www.business-standard.com/article/economy-policy/atms-run-out-of-notes-here-s-the-reason-behind-the-massive-cash-crunch-118041700331_1.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Business Standard, 17 April, 2018, http://www.business-standard.com/article/economy-policy/atms-run-out-of-notes-here-s-the-reason-behind-the-massive-cash-crunch-118041700331_1.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'atms-run-out-of-notes-here039s-the-reason-behind-the-massive-cash-crunch-somesh-jha-4684425', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4684425, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'Business Standard, 17 April, 2018, http://www.business-standard.com/article/economy-policy/atms-run-out-of-notes-here-s-the-reason-behind-the-massive-cash-crunch-118041700331_1.html' $titleText = 'ATMs run out of notes: Here's the reason behind the massive cash crunch -Somesh Jha' $descText = ' -Business Standard Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth Automated Teller Machines (ATMs) across various states are running dry with the present situation reminiscent of demonetisation of high-value currency notes one-and-a-half years back. 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$adminprix = 'admin' $rn = object(App\Model\Entity\Article) { 'id' => (int) 36313, 'title' => 'ATMs run out of notes: Here's the reason behind the massive cash crunch -Somesh Jha', 'subheading' => '', 'description' => '<div align="justify"> -Business Standard<br /> <br /> <em>Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth<br /> </em><br /> Automated Teller Machines (ATMs) across various states are running dry with the present situation reminiscent of demonetisation of high-value currency notes one-and-a-half years back.<br /> <br /> States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by the Reserve Bank of India (RBI) found that the rate of cash withdrawal was much higher than the rate of cash deposits in Andhra Pradesh, Bihar, Karnataka, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana, among other states. Complaints of cash crunch have been reported from semi-urban and rural regions of the states.<br /> <br /> Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth.<br /> <br /> The notes in circulation on November 4, 2016 - four days before the Union government announced demonetisation of Rs 500 and Rs 1,000 notes - were Rs 17.74 trillion. Currency notes in circulation are now at Rs 18.04 trillion. The cash in circulation-to-GDP ratio before demonetisation stood at 11.6% and it has declined to 10.7% at present.<br /> <br /> Please <a href="http://www.business-standard.com/article/economy-policy/atms-run-out-of-notes-here-s-the-reason-behind-the-massive-cash-crunch-118041700331_1.html">click here</a> to read more. <br /> </div>', 'credit_writer' => 'Business Standard, 17 April, 2018, http://www.business-standard.com/article/economy-policy/atms-run-out-of-notes-here-s-the-reason-behind-the-massive-cash-crunch-118041700331_1.html', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'atms-run-out-of-notes-here039s-the-reason-behind-the-massive-cash-crunch-somesh-jha-4684425', 'meta_title' => null, 'meta_keywords' => null, 'meta_description' => null, 'noindex' => (int) 0, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => (int) 4684425, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $imgtag = false $imgURL = 'Business Standard, 17 April, 2018, http://www.business-standard.com/article/economy-policy/atms-run-out-of-notes-here-s-the-reason-behind-the-massive-cash-crunch-118041700331_1.html' $titleText = null $descText = ' -Business Standard Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth Automated Teller Machines (ATMs) across various states are running dry with the present situation reminiscent of demonetisation of high-value currency notes one-and-a-half years back. States, including Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana, have reported shortage of cash at ATMs. A stock-taking analysis submitted by...' $foundposition = false $startp = (int) 0 $endp = (int) 200preg_replace - [internal], line ?? include - APP/Template/SearchResult/index.ctp, line 35 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::render() - CORE/src/View/View.php, line 880 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 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 88 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
