RBI extends deadline to exchange Rs 2,000 notes to Oct 7, 2023

News Network

September 30, 2023

New Delhi, Sept 30: The Reserve Bank of India (RBI) on Saturday extended the last date for the exchange of Rs 2,000 banknotes till October 7, 2023.

The original deadline was set to expire on October 1.

"As the period specified for the withdrawal process has come to an end, and based on a review, it has been decided to extend the current arrangement for the deposit/exchange of Rs 2000 banknotes until October 07, 2023," the apex bank said in a statement.

The RBI added that based on the data received from banks, of the total value of Rs 3.56 lakh crore worth of Rs 2,000 banknotes in circulation as on May 19, 2023, Rs 3.42 lakh crore has been received.

This means that only Rs 0.14 lakh crore worth of Rs 2,000 notes are in circulation as of September 29, 2023.

"Thus, 96% of the Rs 2,000 banknotes in circulation as on May 19, 2023 has since been returned," it said.

On May 19, the RBI had announced that it will withdraw the Rs 2,000 denomination banknotes from circulation starting October 1.

The note would remain as legal tender until the exchange deadline.

However, RBI had advised banks to stop issuing such banknotes with immediate effect.

The Rs 2,000 denomination banknote was introduced in November 2016, primarily to meet the currency requirement of the economy in an expeditious manner after the demonetization exercise led to the scrapping of Rs 500 and Rs 1000 banknotes.

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Waqf row: BJP stages ‘our land, our right’ protest across Karnataka for second day

News Network

November 22,2024

Bengaluru, Nov 22: For the second day running, the Karnataka BJP on Friday staged a statewide protest condemning the government’s alleged move to notify land of farmers as Waqf property.

The BJP staged a protest before the offices of Deputy Commissioners at district headquarters.

The BJP leaders are vehemently demanding that the state government cancel a 1974 Gazette notification in this regard.

The agitators are also demanding scrapping of the Waqf Board and the resignation of Chief Minister Siddaramaiah and Minister for Waqf and Housing Zameer Ahmad Khan.

The BJP MLAs, MLCs, MPs gathered in the premises of Freedom Park and staged a protest under the leadership of Leader of Opposition R. Ashoka and slammed the state government.

MLA T.S. Srivatsa led the protest in Mysuru and hundreds of party workers and farmers staged the protest under the leadership of former MP Pratap Simha in Kodagu.

Former MP Sumalatha Ambareesh led the agitation in Mandya.

This was the first time that Sumalatha took part in the party’s programme after the Lok Sabha elections.

State President B.Y. Vijayendra claimed, “The Congress government in Karnataka is issuing notices to farmers claiming the ownership of their lands to the Waqf Board and pushing them on the streets overnight.”

In the first week of December, three teams formed by the BJP will travel across the state and record the grievances of farmers.

“The state government is attempting to snatch away the lands belonging to temples as well,” Vijayendra alleged and added that the teams would comprise all senior leaders of the BJP.

Meanwhile, the police have taken Sri Ram Sena chief Pramod Muthalik into custody while staging a protest march to the office of Zameer Ahmad Khan in Bengaluru.

Muthalik along with Hindutva activists was planning to lay siege to Zameer’s office over the Waqf row.

The police stopped Muthalik and requested him to submit the memorandum by reaching the minister’s office in a vehicle. However, Muthalik refused to go with the police and continued his footmarch. The police took him into custody following arguments.

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