Demonetization

During the meeting with the Finance Minister Nirmala Sitharaman, Paytm CEO Vijay Shekhar Sharma reportedly elucidated the company's stance concerning the issues raised by the RBI.

KCR, who also leads the Bharat Rashtra Samithi (BRS), is optimistic about his party's performance in the upcoming assembly elections. He acknowledges the challenges posed by economic setbacks due to demonetization and the COVID-19 pandemic but emphasizes the need to continue the state's development and welfare programs.

The Rs 2,000 denomination bank note was introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the withdrawal of legal tender status of all Rs 500 and Rs 1,000 bank notes that were in circulation at that time.

Targeting the central government over the demonetization and GST, Rahul Gandhi said Ludhiana used to be the manufacturing centre of small and medium enterprises and used to compete with China.

In a written reply, Union Finance Minister Nirmala Sitharaman furnished in the Lok Sabha on December 19, 2022, the value of NiC fell over 20 per cent at end of March 2017 to Rs 13.1 lakh crore but has been on the rise since.

Raising the issue through a zero-hour mention, the BJP MP said Rs 2,000 notes have vanished from most ATMs in the country and there are rumours that they may not be legal tender soon.

During the hearing, Attorney General R Venkataramani pleaded to the top court for more time to file the Centre's affidavit. He expressed his regrets for seeking an adjournment of the proceedings.

The demonetisation move of the government projected as a sudden move on November 8 was not so sudden as the speech was recorded some days ago, alleged Doordarshan journalist Satyendra Murli.