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New Rs 2,000 notes to be phased out within 5 years, says RSS ideologue

  •   Mon, Dec 12 2016 06:28:21 PM

New Delhi, Dec 12 (India Today): RSS ideologue and renowned chartered accountant S Gurumurthy said that the new Rs 2,000 notes will be phased out over the next few years.

Speaking to India Today, Gurumurthy said that the Rs 2,000 note was introduced only as a bridge to meet the gap in cash being taken out of circulation.

The RSS ideologue said the government was committed to moving towards smaller denomination notes and high denomination notes would be done away within the next five years.

Gurumurthy is a key member of the RSS-backed Vivekananda India Foundation.

Besides, the seniors in the Narendra Modi government have been closely consulting him while deciding on how to deal with demonetisation.

He said that Rs 500 should be the highest denomination currency in India, followed by Rs 250 and Rs 100.

Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs 1,000 denomination notes on November 8 and introduction of new Rs 500 and Rs 2,000. The announcement, among other things, was criticised for the launch of Rs 2,000 note.

Citing the case of Rs 1,000, which has been totally banned, the Opposition said Rs 2,000 will encourage more corruption and hoarding of black money. They said it would become easier for the corrupt to carry, transact in and hoard Rs 2,000 notes than when Rs 1,000 was the legal tender.
  

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Comment on this article

  • Vincent Rodrigues., Frazer Town,Bangalore

    Tue, Dec 13 2016

    The government may not be indulged in developments here onwards than meddling with currency printing

    DisAgree [1] Agree [3] Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Tue, Dec 13 2016

    The government may not be indulged in developments here onwards than meddling with currency printing

    DisAgree Agree [1] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Dec 13 2016

    Rs. 2,000 is a blessing for Black Money holders ....

    DisAgree Agree [5] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Tue, Dec 13 2016

    Sub ko ullu banaya!
    Where is secrecy ? Demonetization is a well-planned move just to benefit certain section or people.
    Black money is already in the rampant with few big guys already caught with crores of rupees in new notes. Furthermore, scrapping of new currency notes depends only if BJP comes to power in next general elections. It’s too early to build castles in the air.


    DisAgree [1] Agree [13] Reply Report Abuse

  • Gods Own Person, Muscat Oman

    Tue, Dec 13 2016

    Ye to bas Trailer hai - Picture abhi baki hai mere Mitro

    DisAgree Agree [18] Reply Report Abuse

  • kumar , udupi

    Tue, Dec 13 2016

    Should be careful with hard currencies. ..

    DisAgree Agree [10] Reply Report Abuse

  • Alwyn D'Souza, New York/Mangalore

    Mon, Dec 12 2016

    Net Value of Indian currency is negligible like it's Leaders and it is a heavy burden to stock, count & carry. Difficult to transfer or transport to foreign country. No foreign country or foreign Bank is interested in paper value Indian money. Government should take away from circulation all the lower value currency notes under Five hundred, introduce 5 thousand, 10 thousand and 20 thousand notes and start rounding up sum to nearest five hundred to save paper value, counting time and burden of stocking and carrying notes in safe manner.

    DisAgree [14] Agree [21] Reply Report Abuse

  • Anees, KARKALA

    Mon, Dec 12 2016

    Ooh... such predict astrologer people also eligible to get CHARTERED ACCOUNTANT CERTIFICATE.GREAT.....

    DisAgree [4] Agree [37] Reply Report Abuse

  • SMR, Karkala

    Mon, Dec 12 2016

    In other words RSS Nagpur headquarters knows everything before hand of 'demonetisation'.

    If Sangh Parivar can predict 5 years ahead of another 'demonetisation',absolute secrecy is just a myth.

    Jai Hind

    DisAgree [6] Agree [57] Reply Report Abuse

  • DON, Udupi

    Mon, Dec 12 2016

    What a waste of public money in terms of design and creation.

    Most of the NDA renamed policies are UPA policies, those are opposed by NDA when in opposition.

    Only policy of NDA is demonetisation is a utter failure since it was carved out in Nagpur.

    DisAgree [7] Agree [50] Reply Report Abuse

  • Alfria, Mumbai

    Mon, Dec 12 2016

    Did Almighty Come and tell him that RSS will control the government with remote control.

    DisAgree [6] Agree [25] Reply Report Abuse

  • tom cat , Navi Mumbai

    Mon, Dec 12 2016

    It means india is in control of rss and chaiwale modi is only a pracharak.

    never elect congress or bjp again

    DisAgree [7] Agree [45] Reply Report Abuse

  • Allen, Mangaluru

    Mon, Dec 12 2016

    BJP will also get phased out along with its 2000 rupee notes within 5 Years!

    DisAgree [6] Agree [49] Reply Report Abuse

  • Bhandara, M'lur/Mumbai

    Mon, Dec 12 2016

    Surprise, Surprise! How RSS ideologist knows what the government is intending to do? Does that mean the demonetisation was done at the behest of RSS? So, what is the role of RBI? All along, I was under the impression, demonetisation is done based on RBI recommendation to the government. So, now it is aptly clear our Modiji is nothing but a puppet in the hands of RSS.

    Incidentally, it is even more clear why demonetisation took place without proper consultation with economists. Even one death caused by demonetisation is a black dot on our cherished, so to say forwarding looking government. Modiji's hands are soaked with blood of innocent and poor people.

    DisAgree [6] Agree [51] Reply Report Abuse

  • stan, udupi/dubai

    Mon, Dec 12 2016

    Their govt will not be there at power to do note bandi again.

    DisAgree [17] Agree [106] Reply Report Abuse

  • KUMAR, KINNIGOLI

    Mon, Dec 12 2016

    LIKE CHANGING GOVT EVERY 5 YEARS, CHANGE THE CURRENCY ALSO. VERY GOOD. 

    DisAgree [11] Agree [98] Reply Report Abuse


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