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Cash-starved Andhra gets Rs 2,420 crore

 Agencies |  2016-12-03 22:47:25.0  |  Vijayawada

A sum of Rs 2,420 crore arrived in two special aircraft chartered by the Andhra Pradesh government on Friday even as Chief Minister N Chandrababu Naidu announced that the currency scarcity in the state would end by the evening.

An official release said the Chief Minister carried out an exercise the whole of last night to ease the cash scarcity and, as a result, the RBI immediately released Rs 2,420 crore.

"The cash was brought to the state on a war footing in two special aircraft to Visakhapatnam and Tirupati. From there, the cash was sent by road to all 13 districts of the state," the release said.

"The government made elaborate arrangements to ensure the cash reached all districts without any hassles. Fool proof security arrangements were made to shift the cash to the banks without even a third eye knowing it. The Chief Minister constantly monitored the exercise with officials till the cash reached the banks safely," the release added.

"Soon after a videoconference with chief ministers of four states, who were part of a panel constituted by the Centre, Chandrababu spoke to RBI Governor Urjit Patel over phone and explained the situation in the state.

"He expressed serious displeasure over the persisting cash scarcity even after these many days and asked him to immediately send adequate money to meet the requirements in the state," the release said.

Agencies

Agencies

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