HomeNewsBusinessEconomyCentre should first explain why Rs 2,000 note was introduced: Digvijaya Singh

Centre should first explain why Rs 2,000 note was introduced: Digvijaya Singh

The Reserve Bank of India (RBI) last Friday made a surprise announcement of withdrawal of Rs 2,000 currency notes, but gave the public time till September 30 to either deposit the notes in accounts or exchange them at banks.

May 24, 2023 / 09:40 IST
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Centre should first explain why Rs 2,000 note was introduced: Digvijaya Singh
Centre should first explain why Rs 2,000 note was introduced: Digvijaya Singh

Days after the Reserve Bank's announcement of withdrawal of Rs 2,000 currency notes, Congress Rajya Sabha MP Digvijaya Singh has targeted the Centre saying the government should first explain why the Rs 2,000 note was introduced.

The Reserve Bank of India (RBI) last Friday made a surprise announcement of withdrawal of Rs 2,000 currency notes, but gave the public time till September 30 to either deposit the notes in accounts or exchange them at banks.

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The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect. Asked about the RBI's decision, Singh on Tuesday told reporters in Indore, "First they (central government) should explain why these notes were introduced."

In a major decision ahead of Assembly elections, the Bharatiya Janata Party (BJP) government in Madhya Pradesh on Tuesday announced that all unauthorised colonies that have come up till December 31, 2022 will be regularised.