The banks, including those in the private, public and cooperative sectors, and other financial institutions collectively generated 400 per cent more suspicious transaction reports (STRs) at over 4.73 lakh such dossiers during 2016-17.
Normally a currency printing cycle is of 15 days, meaning thereby the increased number of currencies which are being printed beginning this week would be available only towards the end of this month.
Kumar said there are certain areas where there is a problem with running of ATMs and availability of cash of particular denomination.
A statement from the Finance Ministry confirmed reports of cash shortages and some ATMs running dry or becoming non-functional in some parts of the country.
Amid reports of ATMs running dry in several states, West Bengal Chief Minister Mamata Banerjee on Tuesday said it reminds her of the demonetisation days.
A majority of ATMs in Bihar, Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh and Telangana have gone dry, forcing the people run from one ATM to another in search of cash.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan today claimed that Rs 2,000 notes were vanishing from the market, and alleged that there was a “conspiracy” behind it.
On November 8, 2016, the Centre banned Rs 500 and Rs 1,000 currency notes to curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activities and terrorism.
The ADB's growth projection of 7.3 per cent this fiscal is in line with that of rating agency Fitch, but a tad lower than RBI's forecast of 7.4 per cent.
In a written reply to the Rajya Sabha on Tuesday, Arun Jaitley informed that at the time of demonetisation, high denomination notes of Rs 500 and Rs 1,000 amounting to Rs 15.44 lakh crore were in circulation.
"There cannot be a greater lie than demonetization," Chidambaram said after presenting the party's economic policy at the Congress plenary here.
The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.
The government also informed the Lok Sabha that it had decided to conduct field trials of plastic currency notes of Rs 10 in five cites.
Calling this development a "welcome change", an IMF official said the growth prospects remain positive.
Congress president Rahul Gandhi, who donned the hat of a vocal opposition leader in last few months, has been targeting the government over demonetisation drive wherever he goes, be it within the country or overseas.
Accusing the BJP of trying to divide people of Bengal along communal lines, Mamata Banerjee said Hindus do not need to listen to BJP's lecture on Hinduism.
Specific bank notes are being processed for their arithmetical accuracy and genuineness and the reconciliation for the same is ongoing. This information can, therefore, be shared on completion of the process and reconciliation, the RBI said.
It also cautioned eligible trusts, political parties and associations to file their income tax returns by this final deadline and "come clean".
Replying to questions from Rajat Sharma at the daylong India TV Samvaad Budget conclave, Ramdev said, "All transactions (in Rs 2000 notes) should be made transparent, so that the honest do not face problems."
The pre-budget survey further said policy priorities over the short term focused on reviving investments by mobilising savings and encouraging the conversion of gold into financial savings.
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