BJP turning a deaf ear to struggles of backward classes: Rahul in J’khand
Congress leader Rahul Gandhi on Friday accused the BJP of turning a deaf ear to the struggles of backward classes.
Union Finance Minister Arun Jaitley on Friday said that there is no proposal to withdraw new Rs.2,000 notes from the system.
"There is no proposal to withdraw the Rs.2,000 denomination banknote," Jaitley said in a written reply the Lok Sabha, adding, “Rs.500 and Rs.1,000 notes returned to currency chests of the RBI amounted to Rs.12.44 lakh crore (as on December 10, 2016)”.
March 3, 2017 the currency in circulation was Rs.12 lakh crore. It was Rs.9.921 lakh crore, Jatiley informed the lower house of Parliament.
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The finance minister said the demonetisation move will help in developing a transparent economy and support the banking sector.
"This exercise has resulted in an increase in deposits with banks. This will facilitate reduction of interest rates and provide more headroom to banks to expand their credit base," Jaitley said.
The government on November 8, 2016 announced demonetisation of Rs.500 and Rs.2,000 notes.
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