Nearly a week after the government withdrew Rs 500 and Rs 1,000 notes as part of a crackdown against black money and corruption.Finance Ministry today began a daily review exercise to assess problem areas and put in place remedial measures.
Senior officials in the Finance Ministry have been allocated different states and banks to daily monitor currency supply situation and plan remedial actions quickly, official sources said. Shaktikanta Das, Secretary, Department of Economic Affairs, today chaired a meeting of the Joint Secretaries tasked with currency management. Secretary Das reviewed state-wise status with three joint secretaries each of the Department of Economic Affairs and Department of Financial Services and one of the Department of Investment and Public Asset Management (DIPAM).
