New Delhi, April 17: Allaying fears of currency shortage in the country, Finance Minister Arun Jaitley on Tuesday said the government has reviewed the situation and "there is more than adequate currency in circulation".

"Have reviewed the currency situation in the country. Overall there is more than adequate currency in circulation and also available with the banks. The temporary shortage caused by ‘sudden and unusual increase' in some areas is being tackled quickly," Jaitley tweeted.

His tweet came following some reports that ATMs have run out of money in some parts of the country.

Currency shortage was reported in Andhra Pradesh, Telangana and Madhya Pradesh in the past few weeks. There were also complaints of shortage in parts of Maharashtra, Gujarat and Bihar on Monday.

According to Reserve Bank of India data, currency in circulation as on April 6 was Rs 18.17 lakh crore.

Industry experts feel the shortage has been caused because of cash hoarding of the Rs 2,000 currency notes.

 

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Bagalkot: The parents and relatives of a boy who failed in all six subjects in the SSLC exams recently cut a cake to instill self-confidence in their son.

Finding that the boy was upset due to his failure, they made an effort to boost his morale and also told him to try again, reports Deccan Herald.

The parents said that the boy had burnt his feet during in an incident during his childhood, which had affected his memory. The boy had also been unable to write the exams, they said, and added that they encouraged their son to try again as exams were not the ultimate stage in life.

The boy, who spoke about the incident, said that, although failing in the SSLC exams had upset him greatly, his parents and all his family members had been supportive and encouraged him to try again. Expressing confidence in himself, the boy said that he would also succeed in life.