Will 2000 Currency Note Be Banned?

The BJP governament under Narendra Modi Made a sensational decision on demonetization in November 2016.The governament banned Rs 500,1000 and  new notes of the denomination of Rs 2000 and Rs. 500 were issued.And the talk about the 2000 notes outs as it will be scrapped.As reports ,“There is no proposal under consideration of the government to stop Rs 2,000 note,” Minister of State for Finance P Radhakrishnan said in a written reply in the Lok Sabha to a question whether the finance ministry has any plan to stop the note in near future.

Though the government has categorically said that there was no proposal to discontinue Rs 2,000 currency note, which was introduced post demonetization in November 2016, but financial analysts have expressed fears that the government can take demonetization decision any time.The government also informed the Lok Sabha that it had decided to conduct field trials of plastic currency notes of Rs 10 in five cities. The trial would be conducted in Kochi, Mysore, Jaipur, Shimla and Bhubaneshwar.