Rs 2,000 notes can be demonetised without disruption: Ex-DEA Secy S C Garg
Rs 2,000 notes can be demonetised without disruption: Ex-DEA Secy S C Garg The former IAS officer has, therefore, suggested to outlaw the high-value notes Current Affairs :Embracing the evaluations of Rs 2,000 notes contracting available for use, previous branch of financial undertakings (DEA) secretary S C Garg has said that the high-esteem notes can be demonetised without bringing on any interruption. He asserted that the Rs 2,000 notes might not have been available for use a lot of now as they have been accumulated by individuals. “A decent piece of Rs 2,000 notes are really not available for use, having been accumulated. The Rs 2000 note, along these lines, isn’t directly filling in as a cash of exchange,” Garg said. The previous IAS official has, along these lines, proposed to ban the high-esteem notes. “A basic strategy, storing these notes in the financial balances (no counter substitution), can be utilized in dealing with the procedure,” the previous civil serv...