banknotes

₹2,000 currency notes | RBI doesn’t have power to withdraw banknotes, petitioner tells High Court; court reserves verdict

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₹2,000 currency notes | RBI doesn’t have power to withdraw banknotes, petitioner tells High Court; court reserves verdict

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers. File | Photo Credit: PTI The Reserve Bank of India (RBI) cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers, the … Read more

Andhra Pradesh: Minister ridicules Naidu’s claim that he is behind withdrawal of ₹2,000 denomination banknotes

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Andhra Pradesh: Minister ridicules Naidu’s claim that he is behind withdrawal of ₹2,000 denomination banknotes

How can Telugu Desam Party (TDP) national president N. Chandrababu Naidu claim that he is responsible for the Reserve Bank of India (RBI) withdrawing the ₹2,000 denomination banknotes from circulation, wonders Minister of IT Gudivada Amarnath. Mr. Naidu’s tweet on May 20 (Saturday) that he had influenced Prime Minister Narendra Modi to do so showed … Read more