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The Rs 2,000 denomination banknote was introduced in November 2016 primarily to meet the currency requirement of the economy after the withdrawal of the legal tender status of all Rs 500 and Rs 1,000 banknotes
In a surprise move, the Reserve Bank on Friday announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks.
The Reserve Bank of India (RBI) on Friday announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes
Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of Rs 2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the "second demonetisation" is an effort to cover up the wrong decision made earlier. He also called for an impartial probe into the entire demonetisation episode.
The segment of society that will be hit by the RBI's decision to withdraw the Rs 2,000 note will be the tax cheats holding crores of these high denomination notes. They will now come under the lens of tax authorities