Tuesday, June 18, 2024
More
    HomeTelanganaSurprising politicians!

    Surprising politicians!

    Related stories

    Pawan Kalyan to assume charge on June 19 after meeting with Chandrababu Naidu at AP secretariat

    Deputy Chief Minister Pawan Kalyan met Chief Minister N. Chandrababu Naidu at the State Secretariat on June 18, 2024 for the first time after the formation of the coalition Government.

    Beneficiaries set to receive 2BHK homes

    Mahbubnagar District Collector B Vijayendira Boi visited the newly...

    BJP MLA voices concern over deteriorating law and order in State.

    Hyderabad: Sirpur Kagaznagar MLA Palwai Harish Babu expressed concern...

    The Indian government has decided to withdraw Rs 2000 notes from circulation. This decision was not sudden, as the notes were introduced after demonetization in 2016 and were expected to have a lifespan of 4-5 years. According to the Reserve Bank of India, the total value of these notes in circulation has decreased significantly from its peak in 2018.

    Unlike demonetization, the Rs 2000 notes will not be withdrawn immediately. People can deposit them in banks with a limit of up to Rs 20,000 per day until September 30. This move could help tackle black money and prevent political parties from distributing money for votes. However, it could also harm parties that rely on distributing Rs 2000 notes for votes.

    - Advertisement -
    Also read:  KCR sends letter to Justice Narasimha Reddy Commission regarding inquiries into power contracts

    There have been many recommendations to withdraw Rs 2000 notes, including from political parties like TDP. The government has observed that these notes are not commonly used for transactions and are mostly held by big industrialists or political parties. Banks have enough stock of other denominations to meet public currency requirements. In line with the Clean Note Policy of the Reserve Bank of India, the government has decided to withdraw the Rs 2000 denomination banknotes from circulation.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here