Last date to exchange Rs 2000 bank notes extended
The Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 deadline from September 30, 2023.
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The Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 deadline from September 30, 2023.
Behind the introduction of new rituals and a new object is an absence of clarity or direction and the presence of theatre passing itself off as traditionalism.
Petitioner and advocate Ashwini Kumar Upadhyay submitted that a large amount of currency has reached either an individual's locker or has “been hoarded by separatists, terrorists, Maoists, drug smugglers, mining mafias and corrupt people”.
Positive results of withdrawal of Rs 2000 notes have started trickling in even as the opposition parties have gone hammer and tongue over the decision. Interestingly, Chhattisgarh Police have arrested two persons with Rs 6 lakh in Rs 2000 notes, said to be belonging to a Naxalite commander, in the Bijapur area of the State.
The reporting system has been in place for years and is not a new provision taken in the wake of the move to recall the Rs 2,000 notes, according to Livemint.