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Major News and Events of 18 April 2018

What Happened on 18 April 2018

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.

FAQs and Answers on Indian History and Geography
Which Indian state is the largest producer of coffee?Karnataka state is the largest producer of coffee in India. The state contributed about 70% of the total production of coffee in India during 2016-17 with 2.33 lakh MT coffee production. The main variety of coffee grown in Karnataka is Robusta, but the state also… Read More...
Which is the longest National Highway in India?Previously known as National Highway 7, National Highway 44 (NH 44) is the longest-running National Highway in India. It is 3,745 km long and covers the North-South Corridor of NHDP. It starts from Srinagar in the north and ends in Kanyakumari in the south. NH-44… Read More...
Which Indian state is the largest producer of silk?Karnataka is the largest producer of silk in India. The state produces an average of around 8,200 metric tonnes of silk every year, which is about one-third of the total silk production in India. Up to November 2017, Karnataka has produced 5,962 metric tonnes of… Read More...

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