The Indian government has decided to withdraw the Rs 2000 denomination banknotes from circulation. This decision was not sudden, as these notes were introduced in 2016 and were expected to have a lifespan of 4-5 years. However, there have been recommendations from various quarters, including political parties like TDP, to withdraw these notes. The government observed that Rs 2000 notes are mostly held by big industrialists or political parties and are not commonly used for transactions. Banks also have enough stock of other denominations to meet currency requirements. Rs 2000 notes have not been withdrawn with immediate effect, and those who have them can deposit them in banks with a limit of up to Rs 20,000 per day till September 30. This could help tackle black money and may cause problems for political parties that distribute money for votes.
Was the Withdrawal of Rs 2000 Notes a Spontaneous Move?
Related stories
Telangana
Kadiyam Kavya Withdraws from Contest.
Dr. Kadiyam Kavya, the BRS candidate for Warangal Lok...
Andhra Pradesh
YS Jagan urges voters to support clean sweep in elections for ongoing progress, dismisses TDP-BJP-JSP alliance
The Chief Minister urged people to take forward the winning streak of YSRCP while showing the exit door to the opposition from politics.
Andhra Pradesh
YS Jagan urges voters to choose their future by comparing YSRCP’s performance with TDP’s administration
“There are over 3,005 houses in this village and Rs 48.74 crore was deposited through various schemes. The previous CM ruled for 14 years, but have you seen such a great reign?" asked YS Jagan.
Telangana
Konda Vishweshwar Reddy launches Praja Ashirwada yatra in Shamshabad
BJP candidate Konda Vishweshwar Reddy started his Praja Ashirwada...
Follow us
Contribute News
You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com
Latest stories