https://www.taxtmi.com/news?id=17617 No proposal exists to withdraw the Rs. 2,000 denomination banknote issued after demonetisation; returns of old notes to the central bank must be reconciled with physical cash balances to eliminate counterfeits, accounting errors and double counts before finalising figures. The cash-recall policy is presented as a regulatory measure to reduce corruption and black money, eliminate counterfeit currency and terror funding, and to increase bank deposits to expand credit capacity and support lower interest rates, with prior withdrawal restrictions being gradually removed. en-us Fri, 17 Mar 2017 15:44:51 +0530 Fri, 17 Mar 2017 15:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17617 No proposal exists to withdraw the Rs. 2,000 denomination banknote issued after demonetisation; returns of old notes to the central bank must be reconciled with physical cash balances to eliminate counterfeits, accounting errors and double counts before finalising figures. The cash-recall policy is presented as a regulatory measure to reduce corruption and black money, eliminate counterfeit currency and terror funding, and to increase bank deposits to expand credit capacity and support lower interest rates, with prior withdrawal restrictions being gradually removed. News - Fri, 17 Mar 2017 15:44:51 +0530 https://www.taxtmi.com/news?id=17617