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No plans to introduce new Rs 1000 notes: Govt

New Delhi:22/2/17; Ending all speculation about new Rs 1000 notes, on Wednesday Economic Affairs Secretary Shaktikanta Das said there are no plans to introduce new Rs 1000 notes.
In a statement Das said that “No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs 500 and lower denomination notes,” The statement cames a day after some reports claim that RBI and Centre have plans to launch a new series of Rs 1000 notes to replace the demonetised notes in November last year.
He addressed the issue of the ongoing cash shortage at ATMs. He also request to everyone to draw the cash they actually require.
The reports also claimed that redesigned Rs 1000 notes were ready to be introduced in January. Earlier this week, it was reported that the supply of currency to ATMs has raised 80-85% from pre-note ban levels, but the fear of not having enough liquid cash is driving people to hoard it

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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