2 to 3 weeks required to fix ATMs, says Finance Minister

November 12, 2016

New Delhi, Nov 12: Finance Minister Arun Jaitley said it would take 2-3 weeks to recalibrate ATMs machines to enable them to dispense new notes.

arun
Following demonetisation of currency ATMs across the country are witnessing long queues as people are flocking to them to draw currency.

ATMs are struggling to cope with the demand as they dispensing only Rs 50 and Rs 100 notes and would need to be recalibrated to distribute the new Rs 2,000 notes.

Addressing a press conference on Saturday afternoon, Jaitley said, the government was constantly monitoring the cash crunch.

He urged people to stagger depositing defunct currency and not crowd banks.

“I appeal to people to visit the banks after a few days to avoid standing in queues as the scheme is valid till 30th December 2016,” he said.

"It's a big regret that people are being inconvenienced. There are long queues, but orderly queues. There is no chaos,” he added.

He also refuted a claim made by Delhi CM Arvind Kejriwal that in the July-to-September quarter large amounts of money had been deposited with the banks, indicating that some people knew about the impending demonetisation.

Jaitley said there had been a marginal hike in bank deposits in September 2016 because of the release of Pay Commission's salary arrears.

Comments

Naren kotian
 - 
Sunday, 13 Nov 2016

Frustration from one particular community is quiet obvious as terror funds were hit hard and modi said he is planning to do more surgical strikes :) on hawala operators , fake currency king pings ... papa ... artha agatte ... we are with u jaitley ... as modi said benami propoerties must be tracked and penalty must be 300% .I checked wth many tax paying nationalist indians ... they are realy not frustrated ...hahaha altaf , hogappa ...

Skazi
 - 
Sunday, 13 Nov 2016

Good pose from Jaitley .....He is going to start his namaz ....

VOX POPULI
 - 
Sunday, 13 Nov 2016

\KETTA MAYLAY BUDDHI\". Mr.Jaitely (Jootley) is the most Arrogant by behaviour and illeterate and Jaahil(Hindi term) as far as experience and knowledge of Finance and Economics are concerned, who is also one of the Team member of some of other Illeterates or Jaahils who are Ruling our Great Nation with Democratic and Secular Constitution, with a Absolute Right to Live and Let Live Policy with due Respect and Regards to all Other Faith, for a Harmonius Living and Peaceful Co-Existence. Now,We the Educated, Highly Cultured and Civilsed People of India are forced to Pay the Penalty due to the Tughlak Durbar, in Terms of Each and Every Brainless Policy and Decesions of these so called Uneducated Team of Ministers and their Team Heads. May Almighty Save our Great Nation *INDIA* and All its Citizens *INDIANS* from all the Calamaties and Disturbance occuring due to these Ruthless and Merciless Rulers. May Almighty give Wisdom and Thinking to these Government Heads, before they implement any Rules and Policies, with a Sincere Feeling and Support, Exclusively for the Benefit of our Country and its Common Man. Long Live India and Indians. JAI ....HO."

Althaf
 - 
Sunday, 13 Nov 2016

Tab tak kya public teri G*** Mare ??

Rikaz
 - 
Saturday, 12 Nov 2016

Finance Ministry is not organized, they should have taken all steps before announcing withdrawal of these currencies.....useless guys working in one of India's reputed organization which is pathetic and very bad.....

suresh
 - 
Saturday, 12 Nov 2016

Dear Jaitly,

Can you tell sabjeewala, doodwala, hotelwala, grocery wala to take the money after one week? and give credit supply to people?

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News Network
December 16,2025

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Melkar (Bantwal): The 9th Annual Day celebration of SMR Public School, titled “EXCELLENTIA”, was held on December 15 with great enthusiasm and dignity, marking a significant milestone in the institution’s journey towards academic excellence and holistic development.

The programme was inaugurated by Dr. U. T. Iftikar Ali. The chief guests were Dr. Akhtar Hussain, Mr. P. Moosabba Beary, Mr. Zakaria Jokattre, and Dr. T. M. Abdul Rahuf—whose inspiring addresses motivated the students and appreciated the school’s contributions to education.

Mr. Abdul Nasir, Mr. Ibrahim Gadiyar, Mr. Razak Golthamajal, Mr. Sali Koya, Mr. Arshad Hussain, Mr. Ismail Balanoor, Mr. Feroz Bawa, Mr. Sahul Hameed, Mr. Abubakkar, Mr. Hameed K. Mani, Mr. Abdul Majeed (Principal, Melkar Women’s College), and Mr. Abdul Lathief (Former Principal, Melkar Women’s College) were the guests of honour.

The Annual Report was presented by the Headmistress, Ms. Fathimathul Zaheera, highlighting the school’s achievements and progress during the academic year. The Presidential Address was delivered by the Chairman of SMR Public School, Dr. Haji S. M. Rasheed, who emphasised the vital role of education in shaping students’ futures and stressed the importance of discipline, dedication, and consistent effort in achieving 100 per cent academic results.

Secretary of SMR Public School, Mr. Rifath Ahmed, and PTA President, Mr. Sandeep Kumar, were also present on the occasion.

The Annual Day celebration showcased the collective efforts of students and teachers and reaffirmed the school’s commitment to quality education and all-round development. The programme concluded with a vote of thanks, expressing gratitude to all dignitaries, parents, and well-wishers for their support. The 9th Annual Day—EXCELLENTIA—was a memorable and successful event, leaving a lasting impression on everyone present. 

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News Network
December 7,2025

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Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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