Cash crunch to ease by year end, says Arun Jaitley

Jaitley said, that the amount of cash to be issued in the form of new 500 and 2,000 rupee notes would not be the same as the amount circulating before Nov. 8

By: Reuters | New Delhi | Updated: December 2, 2016 12:44 pm
Finance Minister Arun Jaitley, former Prime Minister Manmohan Singh at the inauguration of a seminar on ‘Guru Gobind Singh: Life and Legacy’, in New Delhi, Friday. Anil Sharma Finance Minister Arun Jaitley, former Prime Minister Manmohan Singh at the inauguration of a seminar on ‘Guru Gobind Singh: Life and Legacy’, in New Delhi, Friday. Anil Sharma

Finance Minister Arun Jaitley said on Friday that a cash crunch following the scrapping of high-value banknotes would ease by Dec. 30 with the release of a significant part of new replacement currency.

WATCH VIDEO: New Currency Notes Worth Over Rs 4 Crore Seized In Bengaluru

Jaitley said, however, that the amount of cash to be issued in the form of new 500 and 2,000 rupee notes would not be the same as the amount circulating before Nov. 8, when Prime Minister Narendra Modi announced the demonetisation move.

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  1. A
    abyy
    Dec 2, 2016 at 11:43 am
    2.5 saal main kala dhan to aya nahi aur agely 2.5 saal lollipop de rahey hai. Jab lawyer desh ke FM hoga to har wrong decision ko sahi hi bolega. He is no people leader but got the job by buttering.
    Reply
    1. G
      Goyal Anandilal
      Dec 2, 2016 at 8:44 am
      Kindly clarify whether it will be equal to demonetised money or less.
      Reply
      1. J
        Jawad
        Dec 2, 2016 at 10:27 am
        By the year 2021
        Reply
        1. M
          mumbikar
          Dec 2, 2016 at 7:35 am
          here comes chusley !!! PAL ( PERSONAL A**SE LICKER) !!! WHERE IS THE DUST BIN ? CHUCK HIM IN PLEASE.
          Reply
          1. E
            Elina John
            Dec 5, 2016 at 11:33 am
            Indians face cash crunch following the government's shock withdrawal of 500 and 1,000 rupee notes from circulation.
            Reply
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