The Delhi High Court on Tuesday reserved the order on a Public Interest Litigation (PIL) challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof.
The conference was held in New Delhi on Monday. The RBI Governor Shaktikanta Das inaugurated the conference. 'Governance in Banks - Driving Sustainable Growth and Stability' was the theme of the conference.
Noting that there is no reason for worry over the move to withdraw Rs 2000 notes, which continue as legal tender, Reserve Bank of India Governor Shaktikanta Das has said the central bank has "more than adequate" notes of other denominations available
The Reserve Bank of India on Friday decided to withdraw the Rs 2000 denomination banknotes from circulation but said they would continue to remain as legal tender
A Public Interest Litigation (PIL) has been moved in Delhi High Court challenging Reserve Bank of India (RBI) and State Bank of India (SBI) notifications, which permits the exchange of Rs. 2000 banknotes without obtaining any requisition slip and identity proof.
Commenting on the withdrawal AAP lawmaker Sanjeev Arora said, "Withdrawal of these banknotes is a disruption of the economy. Withdrawal of currency notes at regular intervals doesn't give a positive outlook of the economy in the eyes of investors and other countries."
"With a good majority, we have formed the government in Karnataka. During the campaign, the party said, BJP is a corrupt party and on that person trusted and as a result, we formed the government in the state," Pilot told ANI.
Slamming the Centre over the Reserve Bank of India's decision to withdraw Rs 2,000 notes from circulation, Chhattisgarh Chief Minister Bhupesh Baghel on Saturday accused the Bharatiya Janata Party (BJP) government of misusing around Rs 1,600-1,700 crore on printing of notes.
According to him, his first reason was that: "The Rs 2000 notes are not being used much as a medium of exchange. In fact, they currently constitute only 10.8 per cent of Currency In Circulation (CiC)."
According to the former CEO, the 2000 notes are not in use in the everyday life of the common people and its cash in circulation is only 10 per cent. "Secondly, most of the common people do digital transactions," Subramanian said.
West Bengal Chief Minister Mamata Banerjee on Friday hit out at the government after the Reserve Bank of India notified to withdraw Rs 2,000 denomination banknotes from circulation and termed it "billion dollar dhoka" urging people not forgive those responsible for such a move.