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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IAF to hold 2-day wargame along frontier with Pakistan: NOTAM issued
New Delhi, May 6 (PTI): The Indian Air Force will carry out a two-day mega military exercise along the border with Pakistan from Wednesday that will involve all the frontline fighter jets including Rafale, Su-30 and Jaguar aircraft, sources in the defence establishment said on Tuesday.
The exercise is taking place amid heightened tensions between India and Pakistan over the April 22 Pahalgam terror attack that killed 26 people.
India's civil aviation authorities have already issued a Notice to Airmen (NOTAM) for the major air exercise that will largely take place along the southern and western section of the Indo-Pakistan border.
India's frontline fighter jets including the Rafale, Su-30 MKI, MiG-29, Mirage-2000, Tejas and AWACS (Airborne Warning and Control System) aircraft are set to feature in the exercise, the sources said.
In the course of the exercise, the IAF will simulate enemy targets on ground and in the air with deadly precision, they said.
The militaries of both India and Pakistan are on a high alert following rising tensions between the two nations.
Soon after the Pahalgam terror attack, India, citing "cross-border linkages" to the strike, promised severe punishment to those involved in it.
In a high-level meeting with the top defence brass on April 29, Prime Minister Narendra Modi said the armed forces have "complete operational freedom" to decide on the mode, targets and timing of India's response to the terror attack.
Air Chief Marshal A P Singh met Prime Minister Modi on Sunday and the Chief of Air Staff briefed him about the IAF's operational readiness.
On Saturday, Navy Chief Admiral Dinesh K Tripathi apprised the prime minister on the overall situation in the critical sea lanes in the Arabian Sea.
