close
Choose your channels
Telugu » Headline News » 'No decision on printing 2,000 rupee notes'

'No decision on printing 2,000 rupee notes'

Friday, January 4, 2019 • Telugu Comments
Diya Harini
Listen to article
--:-- / --:--
1x
This is a beta feature and we would love to hear your feedback?
Send us your feedback to audioarticles@vaarta.com

No decision on printing 2,000 rupee notes

There have been media reports that no new Rs 2000 notes will be printed any more.  In this regard, Subhash Chandra Garg, Secretary in the Ministry of Finance, has today said that there is no decision in place regarding the high-denomination notes.  He has given a reason for that.  

"Printing of notes is planned as per the projected requirement. We have more than adequate notes of Rs 2000 in the system with over 35% of notes by value in circulation being of Rs 2000. There has been no decision regarding 2000 rupee note production recently," he said.

Quoting RBI data, it's held that 3,285 million Rs 2000 notes were in circulation as of the end of March 2017.  In March 2018, the number stood at 3,363 million notes, which only means that the printing of new notes hadn't been buoyant.  It's said that printing of new notes is almost zilch for a few months now.

Follow us on Google News and stay updated with the latest!   

Comments

Welcome to IndiaGlitz comments! Please keep conversations courteous and relevant to the topic. To ensure productive and respectful discussions, you may see comments from our Community Managers, marked with an "IndiaGlitz Staff" label. For more details, refer to our community guidelines.
settings
Login to post comment
Cancel
Comment

Headlines

SC Orders Independent Probe into Tirumala Laddu Fisco SC Orders Independent Probe into Tirumala Laddu Fisco
AP Dy CM Pawan Kalyan's Powerful Varahi Declaration AP Dy CM Pawan Kalyan's Powerful Varahi Declaration
GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad GHMC Cracks Down on Unauthorized Wall Posters and Writings in Hyderabad
Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision Tirupati Laddo Controversy: AP Dy CM Pawan Kalyan's daring decision
TTD EO Shyamala Rao on the Laddoo Controversy TTD EO Shyamala Rao on the Laddoo Controversy
Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board Tirupati Laddu Row: Pawan Kalyan Calls for National Sanatana Dharma Protection Board
Shocking: Beef Fat in Tirupati Laddu Prasadam Shocking: Beef Fat in Tirupati Laddu Prasadam
Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future Andhra Pradesh Coalition Government: 100 Days of Progress and a Vision for the Future
Nara Lokesh fulfills first promise he made during Yuva Galam yatra Nara Lokesh fulfills first promise he made during Yuva Galam yatra
Cristiano Ronaldo breaches one million and continues his rampage Cristiano Ronaldo breaches one million and continues his rampage
Motorsport Leagues and Legends Motorsport Leagues and Legends
AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr AP Dy CM Pawan Kalyan meets TG CM Revanth Reddy and donates Rs 1cr