Former Principal Secretary to Prime Minister Narendra Modi Nripendra Misra on May 22 said that the PM was not keen on the introduction of the Rs 2,000 notes but went along with the advice of his team. “PM Modi was not at all in favour of Rs 2000 notes. But, as demonetisation was to be done in a limited time, he gave reluctant permission for it. PM never considered Rs 2000 note as a note of the poor, he knew Rs 2000 has hoarding value instead of the transactional value,” said Nripendra Misra.
23 May,2023 10:57 AM IST | Mumbai
Reserve Bank of India (RBI) Governor Shaktikanta Das while briefing the media persons assured that note of Rs 2000 will remain legal tender despite it being withdrawn from circulation.“Let me clarify and re-emphasise that it is a part of the currency management operations of the Reserve Bank. For a long time, the Reserve Bank has been following a clean note policy. From time to time, RBI withdraws notes of a particular series and issues fresh notes. We are withdrawing the Rs 2000 notes from circulation but they continue as legal tender,” said Shaktikanta Das.
22 May,2023 05:23 PM IST | Mumbai
The Reserve Bank of India on Friday announced the withdrawal Rs 2,000 note, from circulation, adding that the notes will continue to be legal tender. It said the existing Rs 2,000 notes can be deposited or exchanged in banks until September 30, but with a limit “Rs 20,000 at a time”. The central bank advised the public to deposit Rs 2,000 notes — introduced during demonetisation in November 2016, into their bank accounts and/ or exchange them into notes of other denominations at any bank branch. It also advised banks to stop issuing Rs 2,000 notes with immediate effect. This decision received praise as well as criticism from political fronts.
20 May,2023 02:29 PM IST | Mumbai
The 49th G7 Summit is taking place under the Japanese Presidency. Canada, France, Germany, Italy, Japan, UK and United States are the 7 members of the International group. The leaders from the member nations have arrived in Japan. UK PM Rishi Sunak with his wife Akshata Murty & French President Emmanuel Macron visited the Hiroshima Peace Memorial Park to pay tribute to the victims of the nuclear attack.
19 May,2023 12:38 PM ISTADVERTISEMENT
