Seized Notes Put Back into Circulation
THE Secretary, Economic Affairs, Shaktikanta Das tweeted:
+ It's the first time new currency notes have indigenous design, including security features.
+ More Rs. 2000 notes printed initially to replace more amount of old currency in shorter time.
+ Focus now on printing more Rs. 500 notes. Earlier too, Rs. 500 notes were being printed parallelly.
+ Distribution of notes streamlined to avoid criss-cross movements, airlifting is being done where necessary.
+ Emphasis on making cash available to co-op banks for crop loan disbursement, Rabi sowing almost at par with last year.
+ Emphasis on providing cash to rural areas from where reports of inadequate availability of cash are coming in.
+ Action against illegal accumulation of new notes is based on specific inputs by revenue authorities and by FIU.
+ The various wings of Govt, RBI, Banks are working to ensure that the situation eases out.
+ Notes seized from illegal accumulations are being put back into the circulation as soon as possible.