Page 12 - 2000 Notes News Today

The decision is reminiscent of a shock move in 2016 when the Narenda Modi-led government had withdrawn 86% of the economys currency in circulation overnight. 

The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said. The existing notes in circulation can either be deposited in bank accounts or exchanged by September 30.

In a veiled swipe at the BJP-led Centre, Tamil Nadu Chief Minister M K Stalin on Saturday said the Rs 2,000 currency notes withdrawal move is a ploy to hide the Saffron partys electoral debacle, as reported by PTI.

The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

New Delhi, May 19: Reacting to the Reserve Bank of Indias decision to withdraw Rs 2,000 currency notes from circulation, Vimal Nadar, the Head of Research at real estate firm Colliers India has called it a imely move aimed at prudent currency management.

The petrol pump employee said that 50 to 60 notes of 2000 have been collected on Saturday by 2.30 pm.

NCP spokesperson Pradip Deshmukh says people have become wary of PM Modi's decisions and 'like this note, his government will be sent packing in 2024'.

"Another whimsical & Tughlaqi demonetisation drama of ₹2000 notes will hit the common people hard," West Bengal CM Mamata Benerjee tweeted.

Most industrial units use online payment mode for transfer of funds.

“First Act, Second Think (FAST). 2000 rupee notes introduced with such fanfare after that singularly disastrous Tughlaqi firman of Nov 8 2016 are now being withdrawn,” Jairam Ramesh, the Congress general secretary of communications said