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TMI BlogDeclining trend in seizure of unaccounted cash in denomination of 2,000 notesX X X X Extracts X X X X X X X X Extracts X X X X ..... Declining trend in seizure of unaccounted cash in denomination of 2,000 notes X X X X Extracts X X X X X X X X Extracts X X X X ..... #8377; 2,000 notes No proposal to stop circulation of ₹ 2,000 notes An analysis of the search cases, conducted by Income Tax Department (ITD), involving cash seizures of more than ₹ 5 cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ores in the last three Financial Years reveals that there is a declining trend visible in the seizure of unaccounted cash in denomination of ₹ 2,000 notes. The percentage of unaccounted cash sei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... zed in denomination of ₹ 2,000, out of the total cash seized is 67.91%, 65.93% and 43.22% in Financial Yea₹ 2017-18, 2018-19 and the current financial year, respectively. This was stated b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today. In reply to the question of whether the Government is contemplati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to stop circulation of the ₹ 2000 notes in phased manner, the Minister stated that there is no such proposal with the Government. Citing the Annual Report of the Reserved Bank of India, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Minister further stated that the share of value of ₹ 2,000 denomination banknotes in circulation (₹ 6,582 billion) to the value of total Notes in Circulation (₹ 21,109 billion) was 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.18%, as on 31.03.2019. X X X X Extracts X X X X X X X X Extracts X X X X
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