The speculations and confusions about Rs 2,000 note and Rs 1000 coin have been buzzing on the social media since few days. Everyone is eagerly waiting for the clarification regarding the introduction of Rs 1000 coin.
In the same way, the opposition parties on Wednesday asked Finance Minister Arun Jaitley in the Rajya Sabha to clarify whether the government has decided to scrap Rs 2,000 note and introduce Rs 1000 coin instead.
However, the finance minister who was present in the House at that time did not respond even as the opposition members insisted for clarification from him on the issue.
Raising a point of order during the Zero Hour, SP leader Naresh Agrawal (SP) said, “the government has taken a decision to scrap Rs 2,000 note. The RBI has been given order not to print the Rs 2,000 notes. If any policy decision been taken during the Parliament Session, the tradition is to announce it in the House.”
According to the reports, so far, the RBI has printed 3.2 lakh crore pieces of Rs 2,000 notes. And now it has stopped printing. One note ban has been done and the second one is being planned. Let the Finance Minister clarify, he said.
Deputy Chairman PJ Kurien intervened to say that this was the RBI’s action. Naresh Agarwal went on to say that the earlier note ban decision was taken by the government and not the RBI. That time, RBI opposed it but the government took the decision. Even this decision is also from the government.
Supporting his observations, leader of Opposition Ghulam Nabi Azad also sought clarification from the government on whether it was planning to introduce Rs 1,000 coins. “Every day we read about a coin of 1,000, 100 and 200. What is the actual status? Are we to go by what media is writing? The House is to be enlightened by the Finance Minister. What is the truth,” he asked.
“Are we going to have a coin of Rs 1,000. To carry coins, we have to purchase a bag? We must know,” he added. Agrawal stressed that one note ban had already been done and that a second one is now being planned. “Let the Finance Minister clarify,” he said.
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The Reserve Bank of India has printed Rs 7.4 trillion worth of Rs 2,000 notes ever since it demonetized the old Rs 1,000 and Rs 500 notes. However, it has now stopped the further printing of the new Rs 2,000 note upon the government’s orders.