ATMs go dry in northeastern states
Agartala/Kohima/Itanagar, May 5: The cash drought in most of the ATMs of the northeastern states has caused a lot of inconvenience for the people in the past few days.
Senior bank officials said that the delay in supplying of remittances by the Reserve Bank of India (RBI) in Guwahati caused the note crisis in most of the ATMs.
"We should put fresh notes in the ATMs to run the apparatus smoothly. Currently, the bank has old notes and we have asked the RBI in Guwahati to supply fresh notes of different denominations urgently," State Bank of India (SBI) Regional Manager Dipak Chowdhury told IANS.
He said, "We expect that the situation would be normalised by mid next week. This is a temporary phenomenon."
Reports of cash scarcities in the ATMs in Arunachal Pradesh, Nagaland, Manipur, Meghalaya, and Mizoram in the first week of the month have left the public in a state of anguish.
An SBI official in Itanagar said that the bank had to make an internal arrangement of cash from rural branches to urban branches to address the cash deficit.
Dimapur SBI Assistant General Manager Debjyoti Dutta said that the short supply of notes from the RBI aggravated the situation and hardships to the people.
"RBI would be disbursing the cash for Nagaland soon and ATMs would likely be refilled immediately. However, at the bank branches, there was still cash-at-hand to manage everyday transactions," Dutta said.
A bank official in Imphal said that the shortage was also due to the "overdraw" of cash out of ATMs.
An official of the United Bank of India (UBI) said that the ongoing problem is also due to RBI's introduction of rationing system in supplying cash to commercial banks.
"The RBI has been distributing cash to commercial banks in northeast India on a pro-rata basis that means disbursal of cash in proportion of total number of bank account holders of a state and that of number of bank branches in the region," the official added.
As the bank officials publicly clarified about the cash crisis in ATMs, various rumours also forced people to rush in ATMs and banks to withdraw money.
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Cong takes swipe at PM over India not being part of US-led 'Pax Silica' grouping
New Delh (PTI) The Congress on Saturday said it is perhaps not very surprising that India is not part of a US-led strategic initiative to build a secure silicon supply chain, given the "sharp downturn" in the Trump-Modi ties, and asserted that it would have been to "our advantage if we had been part of this group".
Congress general secretary in charge of communications Jairam Ramesh took a swipe at Prime Minister Narendra Modi, saying the news of India not being part of the group comes after the PM had enthusiastically posted on social media about a telephone call with his "once-upon-a-time good friend and a recipient of many hugs in Ahmedabad, Houston, and Washington DC".
In a lengthy post on X, Ramesh said, "According to some news reports, the US has excluded India from a nine-nation initiative it has launched to reduce Chinese control on high-tech supply chains. The agreement is called Pax Silica, clearly as a counter to Pax Sinica. The nations included (for the moment at least) are the US, Japan, the Republic of Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates, and Australia."
"Given the sharp downturn in the Trump-Modi ties since May 10th, 2025, it is perhaps not very surprising that India has not been included. Undoubtedly, it would have been to our advantage if we had been part of this group."
"This news comes a day after the PM had enthusiastically posted on his telephone call with his once-upon-a-time good friend and a recipient of many hugs in Ahmedabad, Houston, and Washington DC," the Congress leader asserted.
The new US-led strategic initiative, rooted in deep cooperation with trusted allies, has been launched to build a secure and innovation-driven silicon supply chain.
According to the US State Department, the initiative called 'Pax Silica' aims to reduce coercive dependencies, protect the materials and capabilities foundational to artificial intelligence (AI), and ensure aligned nations can develop and deploy transformative technologies at scale.
The initiative includes Japan, South Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates, and Australia. With the exception of India, all other QUAD countries -- Japan, Australia and the US -- are part of the new initiative.
New Delhi will host the India-AI Impact Summit 2026 on February 19-20, focusing on the principles of 'People, Planet, and Progress'. The summit, announced by Prime Minister Narendra Modi at the France AI Action Summit, will be the first-ever global AI summit hosted in the Global South.
Prime Minister Modi and US President Trump on Thursday discussed ways to sustain momentum in the bilateral economic partnership in a phone conversation amid signs of the two sides inching closer to firming up a much-awaited trade deal.
The phone call between the two leaders came on a day Indian and American negotiators concluded two-day talks on the proposed bilateral trade agreement that is expected to provide relief to India from the Trump administration's whopping 50 per cent tariffs on Indian goods.
In a social media post, Modi had described the conversation as "warm and engaging".
"We reviewed the progress in our bilateral relations and discussed regional and international developments. India and the US will continue to work together for global peace, stability and prosperity," Modi had said without making any reference to trade ties.
