Poll-Bound UP Allegedly Received Rs 5,000 Crore In New Currency

RBI refused to deny or confirm the rumours, saying it does not release information on cash distribution.

Published
India
1 min read
While the rest of the country reels under the cash crunch, poll-bound UP may have received some politically motivated relief. (Photo: IANS)

In poll-bound Uttar Pradesh, the cash crunch has eased slightly. Following an influx of fresh cash, banks in Bansgaon district are allowing withdrawals upto Rs 50,000. All across the state, similar accounts of an infusion of currency are being heard, according to an NDTV report.

While Narendra Modi campaigns in Uttar Pradesh, local newspapers are carrying news of increased currency in the state. Apart from an IANS despatch, which quoted an unnamed official saying that Rs 5,000 crore has been flown into Uttar Pradesh via an RBI aircraft, mainstream media has carried no reports.

The RBI refused to deny or confirm the rumours to NDTV, saying that the bank does not release information on how much cash it distributes to states. However, local BJP lawmakers are of the opinion that the move may be politically motivated.

We mainly asked Amit Shah that the process of transferring money from the RBI be done more quickly so that the difficulties being faced by the people come to an end. He said that all preparations for that have been done and it (money) will be sent.
Lallu Singh, BJP Lawmaker, Faziabad

Local BJP leaders, however, are denying election-related favouritism, insisting that if cash has come to Bansgaon, other parts of the country must have received cash as well.

Source: NDTV

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