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This is an archive article published on May 20, 2023

Daily Briefing: RBI’s decision to withdraw Rs 2,000 notes and what it means for you; why bombs are easy to make in Bengal; how Centre’s new ordinance flies in face of SC’s Delhi ruling; and more

In today's edition: From RBI's decision to withdraw Rs 2,000 notes for circulation, to why bombs are easy to make in West Bengal, we bring to you top five stories.

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Daily Briefing: RBI’s decision to withdraw Rs 2,000 notes and what it means for you; why bombs are easy to make in Bengal; how Centre’s new ordinance flies in face of SC’s Delhi ruling; and more
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Good morning!

Get your weekend started with the top 6 stories from The Indian Express.

1. Do you have a lot of Rs 2,000 notes lying around? Well, be prepared to deposit or exchange them before September 30. The Reserve Bank of India has decided to withdraw its highest-value current note from circulation, but said they will continue to remain as legal tender. The central bank has set September 30 as the deadline to deposit or exchange these notes at banks, but set a limit of “Rs 20,000 at a time”.

👉🏽 Introduced in November 2016 to meet the requirement of the economy after the demonetisation of Rs 500 and Rs 1,000 notes, the Rs 2,000 denomination is no longer commonly used for transactions. Besides, there is adequate stock of banknotes in other denominations to meet currency requirements. We explain the reason behind RBI’s move

Arushi works with the online desk at The Indian Express. She writes on entertainment, culture, women's issues, and sometimes a mix of all three. She regularly contributes to the Explained and Opinion sections and is also responsible for curating the daily newsletter, Morning Expresso. She studied English literature at Miranda House, University of Delhi, along with a minor in Sociology. Later, she earned a post-graduate diploma in Integrated Journalism from the Asian College of Journalism, where she learnt the basics of print, digital and broadcast journalism. Write to her at arushi.bhaskar@indianexpress.com. You can follow her on LinkedIn and Instagram. ... Read More

 

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