Mamata Banerjee - Latest News Update, Information, Photos & Videos on Mamata Banerjee at Lokmat Times

Kolkata (West Bengal) [India], May 19 : West Bengal Chief Minister Mamata Banerjee on Friday hit out at the BJP-led Central government after the Reserve Bank of India (RBI) notified to withdraw Rs 2,000 denomination banknotes from circulation and termed it "billion dollar dhoka" urging people not forgive those responsible for such a move.RBI on Friday announced that it has decided to withdraw the Rs 2,000 denomination banknotes from circulation but they will continue to remain legal tender.In a tweet, the West Bengal CM said, "So it wasn't Rs 2000 dhamaka but a billion dollar dhoka to a billion Indians. Wake up my dear brothers and sisters. The suffering we have endured due to demonetisation can't be forgotten and those who inflicted that suffering shouldn't be forgiven."RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate effect.Meanwhile, RBI said that citizens will continue to be able to deposit Rs 2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch up to September 30, 2023.The Rs 2000 denomination banknote was introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.The objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, the printing of Rs 2000 banknotes was stopped subsequently in 2018-19, stated RBI.About 89 per cent of the Rs 2000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life span of four-five years.The total value of these banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as of March 31, 2018 (37.3 per cent of Notes in Circulation) to Rs 3.62 lakh crore constituting only 10.8 per cent of Notes in Circulation on March 31, 2023."It has also been observed that this denomination is not commonly used for transactions. Further, the stock of banknotes in other denominations continues to be adequate to meet the currency requirement of the public," RBI said Friday."In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, exchange of Rs 2000 banknotes into banknotes of other denominations can be made upto a limit of Rs 20,000 at a time at any bank starting from May 23, 2023," RBI said.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Mamata BanerjeeFOLLOW

Mamata banerjee, Latest News

Hooghly (West Bengal) [India], May 22 : BJP leader and Leader of opposition in West Bengal Suvendu Adhikari on ... ...

Kolkata, May 22 The BJP in West Bengal has outlined a special two-pronged outreach programme focusing only on ... ...

Kolkata, May 21 A crucial meeting between West Bengal Chief Minister Mamata Banerjee and her counterpart in Delhi ... ...

Kolkata (West Bengal) [India], May 20 : After being questioned for over nine hours by the Central Bureau of ... ...

Kolkata (West Bengal) [India], May 20 : The Central Bureau of Investigation (CBI) on Saturday questioned nephew of chief ... ...

Kolkata, May 20 Just an hour after the CBI sleuths started interrogating Trinamool Congress national general secretary Abhishek ... ...

Kolkata, May 20 West Bengal Chief Minister Mamata Banerjee and in-charge of the BJP's IT cell Amit Malviya ... ...

Kolkata (West Bengal) [India], May 19 : West Bengal Chief Minister Mamata Banerjee on Friday hit out at the ... ...