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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UP: Three killed, one injured in road accident in Kannauj
Kannauj (UP), Mar 11 (PTI): Three people were killed and one person was injured in an accident involving a tractor trolley and two motorcycles on the national highway here, police said on Wednesday.
The incident took place on National Highway 24 near Atara village at around 11 pm on Tuesday.
According to Sadar Kotwali Station House Officer Jitendra Pratap Singh, a farmer from Mawai village was returning home on a tractor-trolley when it collided with a motorcycle near Atara village in Jalalpur Panwara area.
The impact of the collision was so severe that it threw the two riders onto the road, killing them on the spot. The deceased have been identified as Mohammad Ahad (20) and Arbaaz (16), both residents of Inayatpur village.
A man identified as Raju, a resident of Mawai village, was also injured in the accident and was admitted to the district hospital.
After the collision, the tractor driver lost control of the vehicle, which overturned onto another motorcycle, killing its rider Amit (36), a resident of Chhibramau, on the spot.
The bodies have been sent for post-mortem, police said.
