Govt has no plan to reintroduce Rs 1000 notes: Economic Affairs Secy
Economic affairs secretary Shaktikanta Das today rubbished reports of bringing back of Rs 1,000 notes, adding that the focus will be on boosting supply of Rs 500 notes.
Das' statement (on Twitter) came a day after reports claimed that the Reserve Bank of India (RBI) and the Centre have finalised plans to launch a new series of Rs 1,000 notes to replace the demonetised notes in November last year.
"No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes," he tweeted.
"Complaints of cash out in ATMs being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others," he said in another tweet.
The reports further claimed that redesigned Rs 1,000 notes were ready to be introduced in January itself but the government deferred the plans to push more Rs 500 notes.
Finance Minister Arun Jaitley though have always denied remonetisation of Rs 1000 notes.
Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
The government had announced withdrawal of old Rs 500 and Rs 1,000 currency notes on November 8, 2016, with an aim to check black money, counterfeit notes and terror financing. However, introduction of Rs 2,000 notes was criticised heavily by the opposition - a move they claimed would benefit black money hoarders more.
Later some claimed that Rs 2,000 notes were temporary in nature and may be withdrawan in due course and the government may bring Rs 1000 notes later.
But with latest statement of the Economic Affairs Secretary, it seems the BJP led Centre and RBI have no such plans.
Das' statement (on Twitter) came a day after reports claimed that the Reserve Bank of India (RBI) and the Centre have finalised plans to launch a new series of Rs 1,000 notes to replace the demonetised notes in November last year.
"No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes," he tweeted.
No plans to introduce ₹1000 notes. Focus is on production and supply of ₹500 and lower denomination notes.
— Shaktikanta Das (@DasShaktikanta)
1487739477000
"Complaints of cash out in ATMs being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others," he said in another tweet.
Complaints of cash out in ATMs being addressed.Request everyone to draw the cash they actually require.Overdrawal by some deprives others.
— Shaktikanta Das (@DasShaktikanta)
1487739985000
The reports further claimed that redesigned Rs 1,000 notes were ready to be introduced in January itself but the government deferred the plans to push more Rs 500 notes.
Finance Minister Arun Jaitley though have always denied remonetisation of Rs 1000 notes.
Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
The government had announced withdrawal of old Rs 500 and Rs 1,000 currency notes on November 8, 2016, with an aim to check black money, counterfeit notes and terror financing. However, introduction of Rs 2,000 notes was criticised heavily by the opposition - a move they claimed would benefit black money hoarders more.
Later some claimed that Rs 2,000 notes were temporary in nature and may be withdrawan in due course and the government may bring Rs 1000 notes later.
But with latest statement of the Economic Affairs Secretary, it seems the BJP led Centre and RBI have no such plans.
