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Phase out 2,000 rupee notes, BJP MP demands in Rajya Sabha - Jammu Kashmir Latest News | Tourism

NEW DELHI, Dec 12: A demand to gradually phase out 2,000 rupee currency notes was made in the Rajya Sabha on Monday with BJP MP Sushil Kumar Modi saying citizens holding such banknotes should be given two years to deposit it. Raising the issue through a zero-hour mention, he said 2,000 rupee notes have vanished from most ATMs in the country and there are rumours that they may not be legal tender soon. “The government has to clarify on this,” […] ....

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2,000 rupee notes should be 'phased out': BJP MP Sushil Modi demands in Rajya Sabha

There was no logic of bringing a 2,000 rupee note when 1,000 rupee note circulation was stopped, Modi said and went on to cite examples of developed nations that do not have currency notes of higher denomination. ....

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