In a sudden turn of events, we are getting report of cash having disappeared from the ATMs located in Bihar, Uttar Pradesh, Madhya Pradesh and Gujarat causing a lot of problem to the common man, who have to return home empty-handed from ATMs. While Finance Minister Arun Jaitley has called it a temporary shortage, West Bengal Chief Minister Mamata Banerjee said the crisis reminds her of days of demonetisation. Meanwhile, Congress President Rahul Gandhi has hit out at Prime Minister Narendra Modi and accused him of destroying the banking system.
Many ATMs around the country, not only in the rural interiors but also Suburban townships of large metros, have been facing severe cash crunch for more than ten days now, particularly larger denomination notes. Long queues and ‘no cash’ signboards have became common in many parts as depositors are queued up to withdraw as much cash as possible in what is proving to create a mini panic. The RBI has clarified that the situation has risen due to logistical issues and there is no cash crunch in the country.
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Who made money from sub-prime crisis? Credit Crunch winners and losers – bankers, hedge funds, speculators and investors. Economic trends keynote conference speaker Patrick Dixon
Greek churchgoers on Sunday may well have been praying for a miracle. Their near-bankrupt country needs every bit of help it can get, with Athens in a battle of almost biblical proportions to convince sceptical creditors it can stick to reform pledges in return for a bailout. Yet even if a deal is reached, the effects of more austerity are feared. “I think we will reach a conclusion,” said Kostas Stamatopoulos, a historian from Athens. “But I’m not optimistic as there is a saying: ‘He went to buy hair but came out with a shaved head’. And effectively that is [More]
Credit crisis crunch men’s testosterone? Roses for Guns?
A toy factory in the Russian Urals region has found its own spicy recipe for coping with the financial crisis. Instead of making teddy bears for children, they are now producing toys for sex shops.
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On today’s Spot, we’ll be having a look at the Infinite Crisis Wonder Woman figure Music for The Review Spot’s Intro provided by http://www.royalty-free.tv/, a thank you to Bjorn Lynne who composed this piece
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The Russian capital is becoming a port in a storm for EU expats looking for work during the crisis.Powered by NewsLook.com Producer : Russia Today