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Major News and Events of 18 April 2018

What Happened on 18 April 2018


18 April 2018 Current Events ATMs running out of cash, situation to normalise in next 5-7 days

A sudden cash crunch in the ATMs have been noticed since the past few days. The Central Government and the Reserve Bank of India have taken notice of this situation and are addressing the issue of currency shortage. The states witnessing this situation include Uttar Pradesh, Madhya Pradesh, poll-bound Karnataka, Telangana, Andhra Pradesh, Bihar, Gujarat, Maharashtra, Rajasthan, and Punjab. As a measure to fix the issue, the printing of 500-notes will be increased by five times. Now, notes worth Rs 75,000 crores would be printed in a month.The speculated reason for this cash crunch is hoarding of  Rs. 2000 notes. The RBI and banks are blaming the cash management companies for this shortage of cash in the ATMs. Meanwhile, the ATM industry representatives said that the banks are responsible for this cash crunch as they were unable to meet the demand for cash.The Government officials have said that the current situation of the ATMs will get normalised in another 5-7 days.


19 railway stations in Mumbai to get their decks elevated

The Mumbai Rail Vikas Corporation (MRVC) have proposed a plan to elevate the decks of the 19 stations in Mumbai to give more space to the passengers. The proposed plan has been sent to the railway board for approval. These 19 stations have been chosen as they witness high footfall. The 19 stations include Mumbai Central (local), Jogeshwari, Kandivli, Mira Road, Bhayandar, Vasai Road, Nallasopara and Virar on the western railway; Bhandup, Mulund, Thane, Dombivli, Shahad, Neral, Kasara on the central railway; and GTB Nagar, Chembur, Govandi, Mankhurd on the harbour line of the CR.The elevated decks will have access to ticket booking offices, interconnected foot overbridges (FOBs) and skywalks leading to platforms.


ATMs running out of cash, situation to normalise in next 5-7 days

A sudden cash crunch in the ATMs have been noticed since the past few days. The Central Government and the Reserve Bank of India have taken notice of this situation and are addressing the issue of currency shortage. The states witnessing this situation include Uttar Pradesh, Madhya Pradesh, poll-bound Karnataka, Telangana, Andhra Pradesh, Bihar, Gujarat, Maharashtra, Rajasthan, and Punjab. As a measure to fix the issue, the printing of 500-notes will be increased by five times. Now, notes worth Rs 75,000 crores would be printed in a month.The speculated reason for this cash crunch is hoarding of  Rs. 2000 notes. The RBI and banks are blaming the cash management companies for this shortage of cash in the ATMs. Meanwhile, the ATM industry representatives said that the banks are responsible for this cash crunch as they were unable to meet the demand for cash.The Government officials have said that the current situation of the ATMs will get normalised in another 5-7 days.

19 railway stations in Mumbai to get their decks elevated

The Mumbai Rail Vikas Corporation (MRVC) have proposed a plan to elevate the decks of the 19 stations in Mumbai to give more space to the passengers. The proposed plan has been sent to the railway board for approval. These 19 stations have been chosen as they witness high footfall. The 19 stations include Mumbai Central (local), Jogeshwari, Kandivli, Mira Road, Bhayandar, Vasai Road, Nallasopara and Virar on the western railway; Bhandup, Mulund, Thane, Dombivli, Shahad, Neral, Kasara on the central railway; and GTB Nagar, Chembur, Govandi, Mankhurd on the harbour line of the CR.The elevated decks will have access to ticket booking offices, interconnected foot overbridges (FOBs) and skywalks leading to platforms.




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