Twitter has a field day over RBI move to withdraw Rs 2,000 bank notes

-

It has been almost six years since the central government brought demonetisation across the country, putting an immediate ban on the issuance of all Rs 500 and Rs 1,000 banknotes of the Mahatma Gandhi Series.

While the government also introduced new Rs 500 and Rs 2,000 banknotes in exchange for the older ones, the time has now come to bid adieu to these as well, as the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 notes from circulation.

In its notification issued on Friday, the central bank said that Rs 2,000 notes will be withdrawn, further asking banks to stop issuing the notes with immediate effect. However, unlike last time, the RBI did state that the notes will stay as legal tender and citizens can get them exchanged by 30 September 2023.

As soon as the announcement came out, it indeed spread like wild fire, engulfing social media platforms with reactions over the matter. Booking a spot in the trending list, #2000Note and #Demonetisation have become the internet’s favourite since Friday. Speaking of which, Twitter is already flooded with users’ reactions as the RBI announcement has clearly sparked a meme fest, taking the microblogging site for a ride!

Scroll down to check some hilarious reactions:

A user hilariously paid tribute to Rs 2000 note by adding a garland around in this Twitter post.

Another user while taking a veiled dig at those hiding black money shared the video.

Taking this popular scene from Sanjay Dutt and Arshad Warsi starrer Munna Bhai MBBS, the user shared a meme about the short-lived life of Rs 2000 note.

The user shared this scene from the film Welcome for those who don’t have Rs 2000 notes.

More reactions to Rs 2000 withdrawal

Why did RBI withdraw Rs 2000 note?

In this detailed notification, RBI explained its decision to recall saying that the Rs 2,000 were introduced for a limited period until currency in other denominations is adequately available.

Further noting that the notes of the particular denominations are not commonly used for transactions, it said that Rs 2000 note circulation has significantly declined from Rs 6.73 lakh crore on March 31, 2018, to Rs 3.62 lakh crore as of March 31, 2023.

Read all the Latest News, Trending News, Cricket News, Bollywood News,
India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.



from Firstpost India Latest News https://ift.tt/8qeiASE
FP Trending

Comments

Post a Comment

Popular posts from this blog

Both COVID-19 vaccine doses needed for good protection against B16172 variant

-
It’s been a concerning few weeks in the UK, with the B16172 variant first taking hold and then spreading to become dominant. This more infectious form of the virus, initially identified in India, is what we’re now going to have to live with – unless it is out-competed by another variant in the future. Worryingly, experts had predicted that B16172 might be able to escape some of the effects of vaccines, which if true would threaten to derail the UK’s plans to finish lifting restrictions from the end of June. However, Public Health England (PHE) has looked at the ability of various variants to evade immunity and says that the UK’s vaccines remain effective against the variants circulating, including B16172. On the surface, this looks like good news. But delve a bit deeper, and things get more complicated, says Paul Hunter, professor of medicine at the University of East Anglia. PHE’s research found a little drop-off in protection against B16172 among people who were fully vaccinated.
Read more

New coronavirus variant emerge in India: How should our COVID response change?

-
Image
After genome sequencing of over 10,000 COVID-19 cases in India, researchers have discovered a new variant with two new mutations which may be better at evading the immune system. In 15-20 percent of samples from the Indian state of Maharashtra (the state accounting for 62 percent of cases in the country) a new, double mutation in key areas of the virus has been detected. These are now known as the E484Q and L452R mutations. What makes the variant different? Both these mutations are concerning because they are located in a key portion of the virus – the spike protein – that it uses to penetrate human cells. Spike proteins attach via a “receptor binding domain”, meaning the virus can attach to receptors in our cells. These new mutations include changes to the spike protein that make it a “better fit” for human cells. This means the virus can gain entry more easily and multiply faster. Given what we have seen with other similar mutations , it might also make it harder for our immu
Read more

Aditya L1 Mission: Spacecraft is nearing its final phase, says ISRO chief

-
Aditya L1 spacecraft is nearing its final phase, and manoeuvres to enter the L1 point are expected to be completed by January 7, 2024, according to ISRO Chairman S Somanath. “Aditya is on the way. I think it has reached almost its final phase,” the ISRO chief told PTI on the sidelines of an event organised at VSSC to commemorate the 60th year of the First Sounding Rocket Launch. Aditya L1, India’s first space-based mission to study the Sun, was successfully launched on September 2 from the Satish Dhawan Space Centre (SDSC) in Sriharikota. The spacecraft, after travelling about 1.5 million km from Earth over 125 days, is expected to be placed in a Halo orbit around the Lagrangian point L1, considered closest to the Sun. He said that the last preparations for the spacecraft’s entry into the L1 point are currently underway incrementally.”Possibly by January 7th, the final manoeuvres will be done for entering into the L1 point,” Somanath added. Among other tasks, it will capture and tr
Read more