Top Headlines: Rs 2,000 notes withdrawn, firms on wait-&-watch mode & more

Catch live updates from across the globe here

A man counting Rs 2,000 notes. Photo: Shutterstock
Photo: Shutterstock
BS Web Team New Delhi
2 min read Last Updated : May 20 2023 | 7:52 AM IST
RBI withdraws Rs 2,000 notes from circulation, to remain legal tender

The Reserve Bank of India on Friday announced the withdrawal of the Rs 2,000 currency note — which was introduced during the demonetisation exercise in 2016 — from circulation, citing its ‘Clean Note Policy’, which aims to remove damaged, counterfeit, or soiled notes from circulation, and lack of usage. Read More
 
India Inc in a wait-and-watch mode on impact of Rs 2,000 note withdrawal

CEOs of top Indian companies are in wait-and-watch mode to see how the withdrawal of Rs 2,000 currency note from circulation impacts their businesses. Read More
 
Rs 2,000 note scrapped: Won't have impact on economy, says T V Somanathan

The Reserve Bank of India on Friday announced the withdrawal of the Rs 2,000 currency note — which was introduced during the demonetisation exercise in 2016 — from circulation, citing its ‘Clean Note Policy’, which aims to remove damaged, counterfeit, or soiled notes from circulation, and lack of usage. Read More
 
RBI's Rs 87,416-cr surplus provides a welcome fiscal boost for Centre

The Reserve Bank of India’s (RBI’s) decision to transfer Rs 87,416 crore as surplus for the current financial year (FY24) will provide a welcome fiscal boost to the Centre. Read More
 
Only Centre has the power to withdraw legal tender: Ex-Dy RBI governor

R Gandhi, former deputy governor of Reserve Bank of India (RBI), who handled the currency management department during the demonetisation exercise of 2016, says the introduction of the Rs 2,000 was a tactical one to remonetise the economy quickly, in an interview to Manojit Saha. Read More
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :RBIRs 2000 notesDemonetisationCentreIndian firms

First Published: May 20 2023 | 7:52 AM IST

Next Story