Reacting to the Reserve Bank of India's 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 "timely" move aimed at "prudent currency management".
Congress leader Siddaramaiah on Friday slammed Bharatiya Janata Party (BJP) after the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and termed it the party's desperate attempt to divert the attention from their failures.
RBI on Friday announced that it has decided to withdraw the Rs 2,000 denomination banknotes from circulation but they will continue to remain legal tender.
The central bank believes that four-month time is enough for people to exchange notes with the banks. Most of the Rs 2,000 notes that are in circulation is expected to return to banks within the given time frame of 30th September.
Congress general secretary in charge of communications Jairam Ramesh on Friday came out hard against the Reserve Bank of India's move to withdraw Rs 2,000 denomination banknotes from circulation and said that it was typical of the government to first act and think second.
The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.
New Delhi [India], Nov 29 (ANI): Former Finance Secretary Subhash Chandra Garg said Rs 2000 notes are not much used for transaction and are less in circulation, hence there is nothing wrong in replacing them with smaller currently notes.
New Delhi [India], Jan 4 (ANI): Economic Affairs Secretary Subhash Chandra Garg on Friday asserted that the government there was "no decision" on printing Rs. 2,000 notes as there are "more than adequate" in the system.
Kanpur (Uttar Pradesh) [India], Apr. 29 (ANI): A State Bank of India (SBI) ATM in Uttar Pradesh's Kanpur was found dispensing counterfeit and torn notes of Rs 2000.