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RBI To Withdraw Rs 2,000 Notes: Why It Will Not Have Any Impact on Indian Economy?

Former NITI Aayog Vice Chairman Arvind Panagariya said that the RBI’s decision will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit. aaa

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RBI to withdraw Rs 2,000 notes from circulation, will continue as legal tender

In a statement, the Reserve Bank of India said it has asked banks to stop issuing Rs 2,000 notes with immediate effect

Nirmala sitharamanClean note policy of the reserve bankAanchal magazineReserve bankAnnual reportsFinance minister nirmala sitharamanRs 2000 notes banNote banRbi rs 2000 notes withdrawRbi rs 2000 notesRs 2000 notes scrappedS 2000 notes

RBI to withdraw Rs 2000 notes from circulation

The RBI has said that the Rs 2,000 note will be legal tender till September 30, 2023.

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Revealed: Demonetisation led to seizure of this whopping amount

Demonetisation resulted in not only detection of black money but also increased tax collection and widened the tax base.

Income tax departmentFinance ministryNote banBlack moneyIncome tax

Protests erupt in Nigeria amid shortage of cash due to demonetisation move

India too had faced a cash crunch following the government’s decision to ban Rs 500 and Rs 1,000 notes in November 2016.

United kingdomPaul alajeNarendra modiMuhammadu buhariYemi makindeGodwin emefieleSupreme courtCentral bankNews express nigeriaPresident muhammadu buhariNews expressEconomist dr yemi makindeNigeria governor godwin emefieleMinister narendra modiNigeria protestsIgeria cash crunch

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