CHENNAI: With money for votes gaining floor and to stop cash energy having a play in opposition to the ruling BJP within the 2024 basic elections, the Rs 2,000 denomination notes are being withdrawn — this can be a view that’s being shared on social media. “It is a move to curtail the opposition`s money power. Further, the monitoring radar will be activated on those who are depositing huge numbers of Rs 2,000 denomination notes,” former AIADMK Lok Sabha MP Okay.C. Palanisamy informed IANS.
According to him, there are additionally prospects of the Lok Sabha elections being held in October/November this yr. Another individual in a social media group quipped: “Another surgical strike.” “This may be an effort to curb black money distribution for votes during the general elections next year,” Prassana, a typical man, informed IANS.
“As witnessed during demonetisation, we expect the deposit accretion of banks to improve marginally in the near term. This will ease the pressure on deposit rate hikes and could also result in moderation in short-term interest rates,” Karthik Srinivasan, Senior Vice President, Financial Sector Ratings, ICRA, stated.
Vimal Nadar, Head of Research at Colliers India, stated: “The withdrawal of Rs 2,000 notes is an expected and timely move towards prudent currency management within the realm of maintaining banking and financial discipline. Such measures further reduce/eliminate the probable cash component in high-value real estate transactions. In the last few years, RERA and demonetisation have brought in significant levels of transparency in real estate, mainly contributing to fair market price determination.”
Rajya Sabha MP and senior BJP chief Sushil Kumar Modi on Friday termed the transfer a “second surgical strike on black money”. “I had raised this point in the Rajya Sabha to withdraw the currency notes in the denomination of Rs 2,000, and I thank Prime Minister Narendra Modi for it. It is a second surgical strike on the black money,” Sushil Modi stated.
