The Modi government has made a big announcement regarding the 2000 note, find out what will happen to this heavy note in the coming days
GSTV
The Finance Ministry informed the Lok Sabha on Saturday that no decision has been taken to stop printing of Rs 2,000 currency notes. In a written reply to the Lok Sabha, Minister of State for Finance Anurag Singh Thakur said the government consults the RBI before taking a decision on any type of currency note. From that to the common people Currency notes Available in enough items.
No demand letter was sent to the press to send Rs 2,000 notes in the financial years 2019-20 and 2020-21, but that does not mean that the government RsIs thinking of stopping printing.
More than 27 lakh notes in circulation
The Minister of State for Finance also informed that as on March 31, 2020, 27,398 currency notes of Rs 2,000 have been circulated. As on March 31, 2019, the figure was 32,910 currency notes. He further said that the printing of notes was temporarily halted due to the imposition of lockdown following the Kovid-19 epidemic. However, this printing press has started operations in phases.
Lockdown affected the printing of notes
It may be mentioned that the printing of notes at Reserve Bank of India Note Printing Pvt. Ltd. was closed from 23 March 2020 to 3 May 2020. Work on the site began before May 4. Thakur also said that the printing of notes has also been stopped for some time at the Security Printing and Minting Corporation of India Limited (SPMCIL). SPMCIL’s Nashik and Dewas presses were closed during the lockdown.
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The post The Modi government has made a big announcement regarding the 2000 note, find out what will happen to this heavy note in the coming days appeared first on GSTV.
