Key Points
Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of Rs 2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the "second demonetisation" is an effort to cover up the wrong decision made earlier..
In a surprise move, the Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either deposit such notes in accounts or exchange them at banks...
"This withdrawal shows they have no foresight and only take shock-and-awe decisions for their political posturing," he said.. Congress' media and publicity department head Pawan Khera took a swipe at Modi, saying the one who could not use the note printed by himself even for seven years asks what the country did in 70 years...
Congress MP Manish Tewari said the RBI's logic behind the withdrawal of Rs 2,000 rupee notes was contrary to the answer given by the Finance Ministry to his Parliament Question on November 18, 2019...
The Rs 2,000 denomination banknote was introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of legal tender status of all Rs 500 and Rs 1,000 banknotes in circulation at that time...
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