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Gujarat grapples with shortage of cash

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Gandhinagar, April 13 (IANS) Reminding one of the post-demonetisation days, a fortnight of cash crunch has affected Gujarat, especially the rural areas.

“We have come across instances of cash crunch and have spoken to the Reserve Bank of India. We have also instructed the Chief Secretary to be in touch with RBI officials,” Gujarat Deputy Chief Minister Nitin Patel said on Friday.

The cash shortage, according to informed sources in the banking sector, has been there for almost a fortnight as lesser amounts of cash was received from the RBI.

The cash crunch is believed to be right from the level of currency chest, from where the cash is disbursed to various bank branches across the state.

The RBI has 257 currency chests in the Gujarat region. The cash crunch has affected the entire state but more so in the rural areas. Several nationalised and cooperative banks in the rural areas are facing the pinch, informed sources say.

Notices were put up in some of the branches of these banks in north Gujarat districts of Arvalli, Sabarkantha, Mehsana and Unjha informing the account holders about the limit on cash withdrawal.

The Gujarat Urban Cooperative Banks Federation (GUCBF), the body representing cooperative banks in the state, had even made written representations regarding the deteriorating situation of cash availability in the state to the RBI, the Governor and the Gujarat Chief Minister.

Some banks are receiving only 10 per cent of their weekly requirement of cash, according to a banker.

“The situation is not that severe as yet in urban areas. But rural areas are in a plight, especially in wake of farmers seeking loans or coming in to sell their harvest in the markets. Looking at the situation, it is really worrisome,” he added.

“We are ensuring that the currency flow in the state is maintained and looking hopefully to the RBI for that,” Nitin Patel said.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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