2000 rupee note will be closed soon
A Delhi lawyer filed a petition in the Delhi High Court Reserve Bank of India (RBI) And State Bank of India (SBI) The Supreme Court has challenged the decision of allowing people to exchange Rs 2,000 notes without submitting any identity documents or filling up any requisition form. lawyer and Bharatiya Janata Party (BJP) Congress leader Ashwini Upadhyay said that the decision to allow exchange of Rs 2,000 notes without any requisition form and identity proof was arbitrary, irrational and should be cancelled.
It has been said in Upadhyay’s petition that most of the people have Aadhaar number. Every Indian household has a bank account, so there is no reason why people should not be required to provide their identity documents to exchange Rs 2,000 notes. The petition was brought before a bench of Chief Justice Satish Chandra Sharma and Justice Prasad of the Delhi High Court, which is likely to come up for hearing on Tuesday.
Banning Rs 2000 note will benefit the banks a lot, know how
The petition states that recently, it was announced by the Center that every family has an Aadhaar card and a bank account. Then, why RBI is allowing exchange of Rs 2000 notes without proof of identity. It is also necessary to mention that 80 crore BPL families get free food grains. This means that 800 million Indians rarely use Rs 2,000.
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According to official estimates, the total value of Rs 2,000 notes in circulation was Rs 6.73 lakh at its peak on March 31, 2018, which constituted 37.3 per cent of the total currency in circulation. Which has been reduced to 3.62 trillion by March 2023 with a share of 10.8 percent. Upadhyay has argued that the Rs 2,000 notes were mostly “hoarded by separatists, terrorists, Maoists, drug smugglers, mining mafia and corrupt people” and that the authorities should identify those who exchanged large numbers of currency notes. We do.