The total value of Rs 2000 banknotes in circulation was Rs 3.56 lakh crore at the close of business on May 19, 2023, the date on which RBI decided to withdraw the banknote. As of November 30, it was at Rs 9,760 crore.
In a dig at Prime Minister Narendra Modi and the Centre over demonetisation, Samajwadi Party chief Akhilesh Yadav on Saturday celebrated the birthday of a child named 'Khazanchi' (treasurer) in Lucknow.
Leading the potshot at the central leadership, Congress President Mallikarjun Kharge termed the demonetization drive the biggest assault on India's economy and livelihood.
Opposition leader in the Lok Sabha Adhir Ranjan Chowdhury on Wednesday took a potshot at Prime Minister Narendra Modi regarding the demonetisation exercise done by the incumbent government back in 2016.
While addressing people in Mizoram's Aizawl on Monday, Rahul Gandhi said, "GST is designed to destroy small and medium businesses, it is designed to weaken farmers of India. All of you know what happened with demonetization, it was a ridiculous idea thought up by the Prime Minister of our co
On May 19, the RBI decided to withdraw the Rs 2000-denomination banknotes from circulation but said it would continue to remain legal tender. However, the RBI had advised banks to stop issuing such banknotes with immediate effect.
The officers conducted an investigation into the affairs of Nityank Infrapower and Multiventures Private Limited for their role during the demonetisation period.
"What is the reason that Narendra Modi ji is not doing an enquiry on Adani? India's PM can't make an inquiry on the Adani. Because after the inquiry the loss will not be for Adani but to someone else," Rahul Gandhi said in Raipur.
September 30 has been decided as the last date for the purpose of completing the exercise in a time-bound manner and to provide adequate time to the public. RBI may or may not revisit the September deadline based on the situation going ahead.
Rs 2000 denomination banknotes were introduced to expeditiously meet the currency requirement of the economy after Demonetisation and are close to the end of their useful life, the Minister of State for Finance, Pankaj Chaudhary said in a written reply to the Rajya Sabha on Tuesday.
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.