Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Zomato
WhatsApp
SpiceJet
Reserve Bank Of India (RBI)
Bitcoin
Stock Market
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / RTI: Rs. 2000 notes are here to stay
Business

RTI: Rs. 2000 notes are here to stay

RTI: Rs. 2000 notes are here to stay
Written by Krunali Shah
Dec 12, 2017, 01:30 pm 2 min read
RTI: Rs. 2000 notes are here to stay

Recently, there were rumors regarding the demonetization of Rs. 2000 notes. To put them to rest, a Pune-based activist, Prafful Sarda filed an RTI. The RTI query clarified the status of Rs. 2000 notes. Regarding its demonetization, RBI replied that the question was hypothetical in nature. It does not come within the purview of "information" defined by the RTI Act, 2005.

Rumors
What were the rumors surrounding the Rs. 2000 notes?

Earlier, there were some news reports suggesting that the Rs. 2000 notes might be eventually scrapped. In July, reports indicated that RBI had stopped printing Rs. 2000 notes, five months back. Further, no more notes were to be printed in this financial year. Other rumors speculated phasing out of the notes to promote digital/cashless transactions. However, in August, FM Arun Jaitley debunked these rumors.

Deposited notes
Query also clarified the number of notes deposited since demonetization

Besides this, Prafful also asked the value of deposited notes after demonetization. The response stated the total value of circulating notes, three days before demonetization, was Rs. 17.87trn. This included Rs.1, 2, 5, 20, 100 notes, apart from the demonetized Rs.500 and 1000 notes. After demonetization, Rs. 15.28trn was deposited. However, it didn't furnish information about the notes collected in I-T raids.

Do you know?
What does this imply?

Though the RTI query demystifies the fate of the pink-colored Rs. 2000 note, it's difficult to predict the future course. Depending on the economy's performance, decisions can be taken regarding demonetization. It seems Rs. 2000 note's fate might be in PM Modi's hands.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Krunali Shah
Krunali Shah
Mail
Latest
India
Reserve Bank Of India (RBI)
Banking
Arun Jaitley
RTI Act
Latest
With 2,726, Delhi reports highest COVID-19 cases in 7 months
With 2,726, Delhi reports highest COVID-19 cases in 7 months India
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, XRP
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, XRP Business
BMW M4 Competition 50 Jahre M Edition launched: Check price
BMW M4 Competition 50 Jahre M Edition launched: Check price Auto
Colors unveils 'Jhalak Dikhhla Jaa 10' release date
Colors unveils 'Jhalak Dikhhla Jaa 10' release date Entertainment
Redmi K50 Ultra, with 120W fast-charging and triple cameras, launched
Redmi K50 Ultra, with 120W fast-charging and triple cameras, launched Technology
India
Jagdeep Dhankhar takes oath as 14th Vice President of India
Jagdeep Dhankhar takes oath as 14th Vice President of India India
5 health benefits of cloves that you must note down
5 health benefits of cloves that you must note down Lifestyle
CWG, men's hockey: India lose to Australia, win silver medal
CWG, men's hockey: India lose to Australia, win silver medal Sports
3-year-old in coma after father beats her for playing longer
3-year-old in coma after father beats her for playing longer India
NIA arrested IS suspect from Batla House, family denies charges
NIA arrested IS suspect from Batla House, family denies charges India
More News
Reserve Bank Of India (RBI)
RBI hikes repo rate by 50bps, GDP pegged at 7.2%
RBI hikes repo rate by 50bps, GDP pegged at 7.2% Business
Uber Files: Inside the ride-hailing firm's questionable tactics in India
Uber Files: Inside the ride-hailing firm's questionable tactics in India Business
CBI books DHFL's Wadhawans in Rs. 34000-crore bank fraud case
CBI books DHFL's Wadhawans in Rs. 34000-crore bank fraud case India
What is credit, debit card tokenization rule effective July 1
What is credit, debit card tokenization rule effective July 1 Business
RBI hikes repo rate by 50 bps; EMIs get costlier
RBI hikes repo rate by 50 bps; EMIs get costlier Business
More News
Banking
ICICI Bank FD interest rates hiked: Check latest rates
ICICI Bank FD interest rates hiked: Check latest rates Business
Some banking rules that will change from next month (October)
Some banking rules that will change from next month (October) Business
Banks closed up to 21 days in October: Check list
Banks closed up to 21 days in October: Check list Business
#NewsBytesExclusive: How the Russian start-up JuicyScore strategizes credit fraud prevention
#NewsBytesExclusive: How the Russian start-up JuicyScore strategizes credit fraud prevention Inspirational
Two-day bank strike from today: These services would be affected
Two-day bank strike from today: These services would be affected Business
More News
Arun Jaitley
Bishan Singh Bedi wants his name removed from Kotla stand
Bishan Singh Bedi wants his name removed from Kotla stand Sports
Happy hours no more: Coronavirus changed rules of eating out
Happy hours no more: Coronavirus changed rules of eating out Business
Budget 2020: Nirmala Sitharaman reveals three themes of Budget
Budget 2020: Nirmala Sitharaman reveals three themes of Budget India
Jaitley: Remembering the man (behind the politician) on his birth-anniversary
Jaitley: Remembering the man (behind the politician) on his birth-anniversary India
Several DDCA members quit after Rajat Sharma's resignation
Several DDCA members quit after Rajat Sharma's resignation Sports
More News
RTI Act
Government has no information on who created Aarogya Setu
Government has no information on who created Aarogya Setu India
MEA spent Rs. 10 lakh on Modi's book launch: RTI
MEA spent Rs. 10 lakh on Modi's book launch: RTI India
Pranab Da gets Bharat Ratna, Gandhis skip event. But why?
Pranab Da gets Bharat Ratna, Gandhis skip event. But why? Politics
Right to Information (Amendment) Bill passed in Lok Sabha
Right to Information (Amendment) Bill passed in Lok Sabha Politics
BJP condemns protests against decision to convert J&K-Bank into PSU
BJP condemns protests against decision to convert J&K-Bank into PSU Politics
More News
Next News Article
Next News Article

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022