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India's 2,000-rupee note to be withdrawn from circulation on Sep 30
www.youtube.com | September 29, 2023Prof. Devendra Kumar Jain, Faculty of Finance, FLAME University recently engaged in an enlightening conversation with Channel News Asia (CNA). Together, they delved into the topic of the withdrawal of India's highest denomination currency, the 2,000-rupee note from circulation from September 30th, 2023 in the Indian market and its impact on India's economy.
During the interview, Prof. Devendra Jain passionately spoke about the topic and emphasized that the Indian government has a good intention of withdrawing the 2000-rupee note from the Indian market. He added that money deposited in the bank will always have a multiplier effect and will boost the economy and stated that this policy will help the Indian government to increase the size of the formal economy.
To delve deeper into this captivating conversation, click here:
(Source:- https://www.youtube.com/watch?v=_kDi2YX1BFM )