Insta
New 2,000 Rupee Note A Stopgap Arrangement, Says Gurumurthy
S Gurumurthy
On 12 December, economist and Rashtriya Swayamsewak Sangh ideologue S Gurumurthy said the newly-issued Rs 2,000 currency note is a "stopgap arrangement" to tide over the cash crunch after demonetisation, and it will gradually be withdrawn by the government. Gurumurthy said in an interview to India Today news channel that the Rs 2,000 note was introduced only to meet the demand-supply gap after Rs 500 and Rs 1,000 notes were withdrawn.
He said the banks would be asked to hold back Rs 2,000 notes and replace them with lower denomination notes. However, the government would be phasing out Rs 2,000 notes and not demonetising them. In a separate interview to CNN-News18 channel, Gurumurthy claimed the demonetisation move has been successful in achieving its objective, which was to "record the unrecorded roaming cash".
With inputs from IANS.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
