Friday, March 29, 2024 | Ramadan 18, 1445 H
clear sky
weather
OMAN
25°C / 25°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Kerala runs out of cash

minus
plus

THIRUVANANTHAPURAM: Thousands of people were left standing outside treasuries and banks on the first salary-pension day after the November 8 demonetisation, as 42 state treasuries remained cashless till noon, said a Kerala minister.


State Finance Minister Thomas Issac told reporters that there was no financial crunch — rather the crunch was of currency. “Banks do not have the money to disburse. Till now, 42 state treasuries are unable to disburse money as cash did not arrive. We asked for Rs 1,000 crore from RBI to be distributed to banks with Rs 500 crore today (Thursday) and the rest tomorrow (Friday),” said Issac. — IANS


SHARE ARTICLE
arrow up
home icon