Page 6 - 2000 Notes News Today

There has been a lot of talk if counterfeiting would come down after the Reserve Bank of India said that it would stop printing the Rs 2,000 notes.

A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad dismissed the petition after reserving its judgement on May 23.

The High Court dismissed a PIL challenging RBI's May 19 notification allowing exchange of ₹2,000 notes without any proof of identification.

Bijapur is among the seven Maoist-affected districts in Bastar zone, south Chhattisgarh.

The Income-tax Law has defined the concept of a Statement of Financial Transaction or reportable account to keep an eye on high-value transactions carried out by the taxpayer

Senior Advocate Parag P Tripathi said RBI's decision to withdraw Rs 2,000 notes "is a pure nature of economic policy."

The RBI’s move to recall Rs 2,000 notes, while largely along expected lines, does have the potential to cause ripples in some sectors of the economy - Issue Date: Jun 11, 2023

Senior Advocate Parag P Tripathi said RBI's decision to withdraw Rs 2,000 notes "is a pure nature of economic policy."

No record is being kept while depositing and exchanging Rs 2,000 currency notes.

The PIL, filed by advocate Rajneesh Bhaskar Gupta, points towards the Reserve Bank of India Act, 1934, and states that the RBI has no independent power to direct the non-issue or discontinuance of issue of bank notes of any denominational values and the power to do so lies with the central government.