Rs 2,000 Note Withdrawal "Royal Welcome" For Black Money Hoarders: Congress
NDTV
He said as on March 31, 2023, there were a total of 181 crore Rs 2000 currency notes in circulation totalling Rs 3.62 lakh crore.
The Congress today accused the government of facilitating those hoarding black money with the move to withdraw Rs 2000 currency notes and demanded a white paper on what it alleged was the "greatest organised loot" in independent India.
Congress spokesperson Gaurav Vallabh claimed the unorganised sector will be under stress once again after a gap of 6.5 years and six crore MSMEs and 11 crore farmers will have to "stand in line" for exchanging a few Rs 2000 notes after the sudden announcement.
He said as on March 31, 2023, there were a total of 181 crore Rs 2000 currency notes in circulation totalling Rs 3.62 lakh crore.
"The majority of this Rs 3.62 lakh crore is with the keepers of black money. Now to exchange Rs 2000 notes, no identity, forms, or proof will be required by banks. So, a royal welcome is being given to hoarders of black money to exchange their Rs 2000 denomination notes by the Modi government," Mr Vallabh alleged.
