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The Reserve Bank of India said on August 1 that Rs 2,000 banknotes worth Rs 3.14 lakh crore, or 88 percent in circulation, have returned to the banking system, as on July 31.
The Rs 2000 notes have been used rampantly by the fake currency mafia eversince these bills introduced. Besides, going by the data from the IT department, these notes have constituted a major chunk of the black money seized in recent years.
In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary replied in negative to a question about whether there is a proposal to extend the deadline for the exchange of Rs 2000 in banks beyond September 30. "At present, this matter is not under consideration," the minister said.
The Finance Ministry on Monday said there is no proposal to extend the deadline for the exchange of Rs 2,000 notes beyond September 30, 2023.In a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary replied in negative to a question about whether there is a proposal to extend the deadline for the exchange of Rs 2000 in banks beyond September 30.
Chidambaram said the key economic indicators are pointing downward and there is low confidence that the economy will reach the high growth path.