Centre should first explain why ₹2,000 note was introduced: Digvijaya

The RBI issued the withdrawal of all ₹2,000 currency notes on May 19, and has given the public till September 30 to deposit or exchange all the notes at banks.

Days after the Reserve Bank’s withdrawal of ₹2,000 currency notes, Congress Rajya Sabha MP Digvijaya Singh has targeted the Centre saying the government should first explain why the ₹2,000 note was introduced.

On May 19, the Reserve Bank of India (RBI) announced the withdrawal of ₹2,000 currency notes but gave the public time till September 30 to either deposit the notes in accounts or exchange them at banks.

The RBI said it had asked banks to stop issuing ₹2,000 notes immediately.

Asked about the RBI’s decision, Mr. Singh, on May 23, told reporters in Indore, “First, they [Central Government} should explain why these notes were introduced.” In a major decision ahead of Assembly elections, the Bharatiya Janata Party (BJP) government in Madhya Pradesh on May 23 announced that all unauthorised colonies until December 31, 2022, will be regularised.

Former MP Chief Minister Mr. Singh termed the State Government’s announcement “meaningless”.

“They have made such announcements thousand times. Where is the notification to regularise unauthorised colonies?” he asked.