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No Plans to Introduce ₹1000 Notes.

No Plans to Introduce ₹1000 Notes. - Shaktikanta Das

Economic Affairs Secretary Shaktikanta Das made a complete U-turn from his earlier statement and said the government has no plan to introduce new Rs 1000 note.

It is not clear whether Das meant to say that Rs 1,000 notes will not come for the time being (there were speculations in the media in recent days on this) or the government has shelved the plan forever.

If it is the latter, Das has taken a major U-turn from his own earlier statement made shortly after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 notes on the midnight of 8 November. “In a few months, new colour combination and new design Rs 1,000 notes will be released," Das had then said.

 

Tweet by Shaktikanta Das

Rs 1,000 notes set to be back ? - Sitaram Yechury

Meanwhile, CPI(M general secretary Sitaram Yechury has reacted sharply to reports of re-introduction of Rs 1,000 note and slammed PM Modi for his abrupt move to ban circulation of old Rs 500, 1,000 notes.

"Rs 1,000 notes set to be back? So what was this demonetisation about, destroying lives, livelihoods and crashing our Economy?" Yechury said in his tweet with hashtag - Jumlanomics.

The government doesn’t plan to introduce new Rs 1,000 notes and the focus now is on production and supply of Rs 500 and lower denomination notes, said Economic Affairs Secretary Shaktikanta Das in a tweet on Wednesday.

 

Tweet by Sitaram Yechury

The government doesn’t plan to introduce new Rs 1,000 notes and the focus now is on production and supply of Rs 500 and lower denomination notes, said Economic Affairs Secretary Shaktikanta Das in a tweet on Wednesday.

Shaktikanta Das

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