 आज मद्दरात्री आज नवम्वर 2016 बारा बजे से पान्सो रुपे और एक हजा रुपे करन्सी नोट लीगल तेन्दर नहींगे तिस गरन्सी नोट शुड नाथ have existed at all. तिस शोक और तेक्टीग ती नहींगे नाज़ेद आद एक लोग फर मिद नाइत तिस डिया को सब लिगा कंन सफायतो, यक आप देंगे बारगा उड़ी रहां। धूँन जी का ठीमँनेडी आज देंगे नहींगे ज़ूट की फाशा था लगा दीशाँस्तर गगा रहाँ था दीशास्तर के डीफते डीवारते है. wet a news click on friday evening 19th may 2023 the Reserve Bank of India announced that it is withdrawing from circulation currency notes of the rupees 2000 denomination the decision will come into effect from 30th september this year we have with us paranjoy govathakuta well known business journalists who's going to discuss the implications of this and most of all, we are going to begin with, whether it is justified for people to be reminded of the 2016 November demonetization which caused a lot of hardship. Paranjay, welcome to the show. Thank you Pragya. And to answer your question, Indeed, the decision to stop printing or withdrawing completely ॉ लवाह क्ताफ़ क्यरन्सि रवान सोचिय कारन्सि नोज़ यह तो, दे study from circulation, 2K currency notes is very very closely linked to, what happened in November, 2016, demarnatisation. गं बहुत मेरे नहीं लब दे म Bagh, before we come to demarnatisation, let's quickly look through what what why it happened. दो तो than the offering, now not too many people are surprised, it was in the offering and in fact, the Reserve Bank of India had stopped printing Rs.2K currency notes, why and then each currency note has a kind of lifecycle and that was getting over... तो even the Rs.2000 notes that were in circulation, several of them you know, had become old. आदरतklगी आदराशी। Academy जर्गर आदराशी। आदराशी। �aber bombing  norte this number had come down to less than 11% to 10% now when you look what was the objective of each producing? this note note yes it is because of demonetization there is no doubt about it now as the reserve bank of India rightly says you don't need them now the other nodes are the adequate currency nodes in circulation अगर की भी ईअजी तोड़ दोल lot of the points that should be noted is why are they doing it now and what do they hope to achieve now the official explanation is very clear these notes are no longer being used by people and therefore we don't need them anymore. अगर कि जात्तरेमा है कि लिए कर तोगेसेएग देरा जोत्तेedelमा के मुस्तर Hoover. लोगी तेराड़रेंट, अत और लोग गी दोूगी वो आउखों संप्रदार को प्रेण दीताझे है look connais. ऎर एक लोगionsा रघ मेंगष्युन वान्तेंषी आजर जब � polyya विश्य।, ंर वड़ा आगो दोसे यह साुप आज्दास के अगलाईग नासे खाम। अगलाईग नासे चीरी यह सनगऩ, विश्य आज्दाख बागशी करे वेज्यां, आपच़ वो जीएपः विश्यी, अवरेश़ा कर्छे, आप आए. नरीन्दर भूदी दिस शोग और तेक्निक योंगे लाँन्ची देख्लाग from midnight people had less than four hours to react this time you have four months and therefore it can be done in a manner where people don't panic may people may still have to queue up and the old memories the the terrible memories will come back to them so we don't know whether this deadline will be extended or what is also equally important and none of us will be surprised if the 1000 rupi currency notes which were declared illegal on the 8th of November 2016 may be may be freshly issued. लिका, आँ सोचा का लिका सावत स्तारिया लिए करज़्नात का लिका है। इस आप खड़ी तिसने पाज्जरूके घब रहता है। नहीं, भी बगी नोड पी नोट बलक्जरूकषा ने जो गवर से थी, करे़िता, नहीं आपा, भी आदायी कचटिय लेज नहींगी है, ठुत सदों अपले हटेशा लेज सदरे वो अख्गठ अप. आप काई सदवाज करोच को ताई. ठुछवाज को चाएब अप आपी औईरिच् करन्सी चाँएद है, अरीक इंगा दे वॉज़य कॉत़ी नहीं मैं बाजे जिसक हैं जित आई मैं वॉओ़ लुएग रोग. बाजे वॉ़ँएग. विरग भी थो, if the currency note was itself born in some थिने स्थ एक आजना एक गड़ार तेलन हैं फीटा कुढ़निं। according to the social justice system and as you rightly pointed out all the automatic teller teller machines, the ATMs had to be recalibrated there are various estimates once his 21,000 crore rupees were spent but the point is it should not have happened in the first place that's the most important point this currency note should not have existed at all but having introduced म॑ dépだ�� its as a kind of a stopgaican measure in desperation because even the government, despite claiming all the false claims, what were the claims? will take away, Black money will come down or the terrorists using forged currency notes, their activities will be curtailed and than later almost as an afterthought they are saying, this will help in moving towards a same cashless economy, रल्तबदीक does not come down because money was never held in currency notes only मिन्श कॆजा करण्वि ऋगे करन्फी ूल posed मौन्श क्यइन ली अगी जो आप � अ�list मत ni niv USB them रिख ढ़ाली आचिएं डोम ऩंगी रहँ भी लाइ मानिः थो второй कुछऴम छित घर 어욜 ली माही जा stressed वहाज करैन्सी क् Kazakh notes, भी आद वो सबागती है। न वो सब लगा सूल। तो वहाज ये शाया तो लगा लगा गाईं। मूह। अझा तो एक भी टवाज की ज़िगता है। ये लगा लगा है लगा लगा घब दीवाज की ज़िगता। ूभद चामद ग outcome of the total currency circulation ुकख अइनझाई yoga, India would establish army for the countries under the office of complaint ूच्या अछ़ nominees ूश्या हाEvery comparisons, ूउश्या यदрипिजिएझू। ूउट्तेर फु देशू, at the assembly of Uttar Pradesh take place between 11 th of February and 8 th of March 2017. what happens, At that time you have the Samajwadi party and the Bahujan Samaj party together. Everybody says, why are they doing this, they want to squeeze the opposition. What happened after that? The BJP sweeps the Uttar Pradesh assembly elections. तो 403 चट़िवीोली बेजाः पे खेटी नहांगाएाabyrinth of 403 assembly seats they get over 80%. तो गरे लिए वी च्चट़िवील काईज़ाः करई बीच्च्टिप काईज़ि ञानतादिवील करीवाद काईचनादिवीgreen memory has certainly never before the BJP ever won so many seats in UP. सु looks a little big as trust kinda of skill to know banks exchange the old currency notes for new currency notes in a very short period of time. the whatever the window given right to district cooperative banks and to banks according to replies given by the अदिनाभाड करते ज़ाना आपशा नाबाद नही नहीं,alis the national agricultural bank for agricultural and rural development. अथे प्रुटिब बधिटगs कई देखी लिए कया आपशा रहाँ, वैग्सगा था सवली जी, गरते बच्चा अब, दियका अपशाध्ठी. वैज खेश्द दिस्ठुक्ट्ट खेश्ट बैंक्च उलिकूछ आप चागदेञा। नाजें क्छदा बाद तो बीरी दिस्च्ट खेश्ट तोद्ही रवाद पश्याजा. the heath seg sheet that was exchanged at these two banks in excess of what a bank of what a bank would normally process that's a difficult question but ס langue सब तो सहान्गतान्घाता these two banks the exchange the maximum number of all nodes for the ones and जी की शिरका करidać �仔गै बराख 59 Young नाफ्ड़, जोक्शिस्टा, योंईरावे जो अनकलिषनी आछना। लेंने कौड तुट थूविजुन् कुईझूल्त। वार्तिजन्ता पाटी, योंईस्ऩान दे अटल भिहारी भाच्पय कवज़् बन, बॉळ्वजा��ड, जब ऍी ब्रीँटीज, जब टीम के मैं देवकिल आँऎद्गमे जब आज़ लाजइत लाणी लोन्वरीण स्कीग, आख्ट्ट्ब कोर्गा कराझाणे अच्सायी बिद्टी कि आप अन्ईझी गगी, company in parlement he the month demonetization happened that's November 2016 he described it as organised loot and legalized blood. भी अर्वट ध्निया सहाँ двух साना की से थाना औरोजा वी विन्श्तारोदगी अच्याक देँा नही ہیں. स्वेली भी विन्फकृ क्रोडकी रघा आसे परताहता गुद्या आग्दा आगा दूगा काशा। 10-11 lakh crores in banks, the rest 4-5 crore lakh, which is being used in North-East and Jammu and Kashmir to fuel trouble, that same terrorist phenomenon, and what happened? 10 months after demonetization, on the last day by which the Reserve Bank of India has to statutorily submit its annual report, what came through? 999% of all the banned notes had returned to the system. Indomani? What happened to all the black money? What happened to all the Windfall gains? You were fooling people. And it started at the top. बरुच्चा परच्चा भी सो दी सोन आप बदुगराँ सो ज़्ोग कि स्थाशिज अप प्लोटिं की धेरे रिवेज तो बाश्टी बाश्दी के लिए त्छेदा कि साथ ता अप औब वी और वोगर मेंगगा मैंगी मेंगी सवरे है कि सब रिघच लाक्टिट था अप गा� मैंको अद्रीकी सम्वाड़ा है जे सेंझा। स्वाराज को बहुता है ख़ानी बात कद्ता उन्थझान वेखाँ क्या जेवन शुछ्त्ट है विंँन, छिल्रन कूंँन वीश्टाना आप विविश्टीं मेंगदी पैस सिटिसन्त्त क्डी एल्दिली ूट सर्च्टाणं तर शबंद होचा, अगर मिस दोगी लगा, और गाऔ से लेईगा। जादिट भी वाशा को अनी बी जादिट तर श्लनक जादिट गोगा आप आपिषादां जादिटुत गी की जादिटुत गी एगका च्टाट है,ón þl f the shrinkage happened in terms of technical recession after the lock down. But what happened after demonetization was that the rate of growth of gross domestic product came down by about roughly 2% as had been predicted by Dr. Manmohan Singh and others and it hit haad hoo, it haad the small people the small and medium enterprises the micro enterprises and this is going to happen this time also who uses cash more but it's 10% it's not 86% as a last time therefore the impact on the economy will not be that much absolutely but there will be an impact hopefully not too much hopefully not too much well,�imag hypothesis that is not a lot of shopkeepers a lot of traders businessman will probably noterman nalak main interested in using that two thousand rupee currency note immediately. No, they have, from starting on the 23rd of May, the whole of the month of June and July and August and September to go and exchange these two thousand rupee currency notes, 20,000 rupees 10 currency notes at a time. Right. That's not much, is that. That's not much, you may have to make several trips. रहीड, विस्थ यह आधें खिल नहीं विस्थ आछीजी गन पूँ। एक णाडावा। अब नहींए करते है। अजम उआप मी िीए क्या, गर ठीजे का वहत आप लेड दी और ख़ाड्याथ है, अगर में क्यजादा तो वजिएका क्या क। तुई और द्याक लिएक में लोग। तुछगउटा क्यच्छा तुछगउटा तुछगउटा तुछगउटा तुछगा। Shit is not easy. So, you're saying that the government could actually have waited for this node to simply not being circulation anymore, because they're too old. In any case, the government has stopped printing on this node, it was any way going out of circulation. Now why now is the question. Yes. and why? Why was it announced just after the results of the Karnataka elections were announced? Let's try to guess at some reason why. Yes.oupe. वी आद, वो आद उद्प्रुदेश इलेक्ष्टान, तर वो वो बशियाव पार्टिजन ताब भाटिजन्ता पार्टि, आदे समपिःगित तो बगाजगें तो वो आपक़े रद, वो आदानावादवाद, उत्टर पुदेश इलेक्ष्टान या जान, या वो आपकादि� असाँ उंदिविज़्ोल थी, और वर्दाएंगे अख़ाए. अख़ाए मैं विख़ाए और और वैंकोब आदिड़ा, शव्ख्तिखान्ठ दास शप्ट्गान्धु, जब फुशकोट्वेन च्छाएम मेंदिस्टर श्पच्छ स्थाच्टिनाईगे रहाँ. आध of । आध of । कुछ क्री तस आई्शडीशिए जेज्चिन। आध of । आध of । आध of । जी थी। आध of । आध of । आध of । आप आदजा आदी, यह आदी, आप आदी, और जो ज़ा बहुती आदी, आप ईना और गबाई आदी, आब आदा। तर मेरेआ न लोग घाहीं। अप 대해 विस्टो मुडी आगा मेरेन लेगे दा है तट्री dinner to the union आद आद आद एक जायसादाई समत्ती। लप दे रिच तन्तपोवा बोत्चटन्धिग टीगा साज़़.ने औगत, औगत फ слуш आप यह नहीं जात, मो नहीं, कन और गबन मैं सब भॊदा है। जब यह वो सब गड़ टीख कर catalya चारावाने दीगा। भी सब प्टे ओवार नहीं उआदी कि से अज्ऻाते है. जो जब प्रऐशी वहाँ नहीं, यो वहाँ नहीं तुछ धाह। भी सब नहीं दो जवार किटा है यह लोग नाजु किता रों, उसह चायत कर डीक, भी जी जी आभा नतिल हूँता। तो इंधारले मोंने मींगाँली था। सब आश्वादी तेगा ब्रतुप ज़ादिगई औरत्औग़ा बर आश्वादी गॉद आज्दाद कॉछ वी श्थादी। तोद। यहाई लिए यही दानान। Anyways, we ended up taking about a fixed deal to leave the post. इस भी क ज़ों । तो कची कच्के कग चाए। दिए करक क्हनी औग्ठ द़ानी साभ्दे, teste is because they realised its a Disaster it was a Disaster created by human being, a human being of course with the help of others We don't know who he consulted whether it was Mr. Guru Mootri who is an Independent director of the Reserve Bank of India given this kind of advice और जोल chair ठॉस कय ब quizz अब Many uncle कंना ng अंऎ 새 बिल राजन लवा भी नुओ तुयग आँ साँ को यह कर आँवाले आपने और सब पहुग़े से तों than you say the rich are being affected because they are the ones with black money and they are the guys who are standing with their drivers and their servants and their maids and the gardeners at queue, which was actually not true. well it is not fair for you to have a policy which makes people gock in telling line so Peranjoy are you saying if the logic of the government then in 2016 and now if the logic is the same if the arguments are the same, then the only difference is the amount of cash in circulation that they were drawing now compared to then. And last time you gave them a deadline which was less than four hours now we are giving you four month length deadline. You're preparing people for it because चब आए द़ाथ विता हैं उआत करे हैं। द़ाथ तब विताथ बन काश्ट्छी करे हैं। वी दोवावें पुवावोगे। आपने यतना पाप किया तो पाव का प्लावष्चित आप कर ले फैंटिंग for your sins. get up, your repenting for your sins. So, I do agree with people who have been quoted big wings in the Ministry of Finance and the Reserve Bank of India, that it will not have much of an impact on the economy. But it will have some impact and it will not be a salubrious impact. Let's hope. Is there anything to gain from this? No, there's very little to gain, but then you can also argue what is there to lose. आ idiया व्रहा आपके लिएदें करताता। वादा ढालाया वलान। आपके पाट्या से लोग से णोग वोगां। अआगा विया खार उगաղ्ग। थोभाअ, आपतदा प्भाद्गंे रब या वीवागा। वोगा प्भाद करताता। life jn after some time. more than 10 months year away right say you are asking what is there to be lost a lot the inconvenience, the possible loss of business transactions. I was speaking to Professor Kumar earlier he said there might be some job losses or cuts and income for that period. So do you foresee you've seen many such government decisions you saw demonetization very closely do you तो वो ब्रजीं तो आप आजाद दीए समथ ठाज़ा हैं। तो बगर ख़रसलग करए ती, आप वो आप ज़िन करने की आपुख़ा को आप ग़ाद वो ज्कोवागा। आश्ँाई में पार्टिन बार युज kind of party and power as well. दो आई उठाई में करीई हैव, जो वो भी को आप भी बर झोगे के में वहार। And so they again have an advantage, not just over their rivals आप मैं याप आप का याभाज़ा से दिवाचा खढ तरत्श सकताता। गदा प्लग़ा आप भ्चिका टीदट ही शव्याना अप आप देखागा। आप आप उसकुईर उसकुँँँइआ गदा continuing यीली, उस आपका मैं, लग एक रच्छा क्या याप बहुते है. अगा हद्ह किम बननायत्ब स� signals and भी आदर लिएक, भर दमाग my personal opinion, nothing to do with it, those notes shouldn't have been there, now you're gradually facing them out, they're dying, a natural death, you're sort of pulling the pipe of the ventilators, you know its going to happen, so you're saying now let the.. अदुदवाँ दे दे बागा सब जाँगे आप दिज़ाँवादवाँ तेखाद की देखादा अगे आ फुणगाँ गविएगाँ वोस्व। आप यी बार्ती ना अग़ा आप दोंगे। आप आप ये प्लटीख करीगे। तो आप वान यहाँ बार्ती एक दुचाँन वीग़ोग रहा है तो वो जै विए ज़ोंगे। तो वो अग़ी और वो आपकाटा। लेट marinade after 2016 after demonetization ला pastors in 2019 there are several races same within theCombo नजुदग मी यही ker Wait त हम आप� now the government मनुडें काभ मोगु 도ण?? नजगं यही ऻ़ब मेप मेप मेचसले लग, भी ढरुज खत, छिक घ fill आप इत्�ON तो जो आब घर्दीं के सफना की थिने दीखाशी देखाशा को ईव्सडाना तूईक्ठात हूँँ? जो आब पकच़िएस भी यह दिंजावाँ को अगि Bareya, I think those in power realise today, even if they don't admit it, that demonetisation was disastrous for the India. दिद्यानट्याना तेखाशा लिए कोगता ।, was this a temporary shape shot back? , it gradually went back, Its another story after demonetisation, the harshly terms came through goods and services tax, then came the pandemic, then came the lockdown, then came the shrinking of economy in recession… several things happened. The economy hasnnt actually recovered from the blows it started getting actually in 2016. Actually , the Indian economy's rate of growth had been slowing down lifetime almost continuously every quarter is being documented from 2016 February there was. Yes, from 2016 there was very good. That's right. About a year and a half after Mr Modi came to power it started slowing down. And that sort of, And I am not so sure that the process has stopped. It's in bits and pieces I mean fits and spurts but The economy is not in a big shape at all unemployment. वो के बडक ळफ आप प्राज � light employees are not available one estimant इसको अदले सेजॄ NearIC figure वो केे जentist enquanto ठे पीशीद architect दी वीईटीटी इंभ मेतर का की तो कhte股़ा het iintji heating दी आप आप ऴीईटीटीं के लगार्एक उंसी। naak Xiizhi Yang तरज भीडीडीं के श LEGOuan is have it shot up. It's mitigated a bit but you know, it's like the cow is traveling at 100 kmh an hour. It's now slow down. It's now traveling at 40 kmph. But the prices are still going up, especially the prices of food items, food inflation and last but not the least. And this was, I mean demonetization has also contributed to it. The gap between the rich and the poor. The inequalities of income and wealth in this country గ్గ వర్మాయాయాో కోవిలే். పర్మారరిల్సి ాదారిలా్ంవిలూవాబానిని. अर्वనిక౏ కాందానానారాంది. త౪ెచ్ల్ల్ల్లి proof of an మా్ల్ల్. जाड़़ी भी नहीं तुम कूर people have not only shared the same factor as other factors that contributed to this kind of gross inequality of income, which was prevalent in the Indian president years ago. क्या बच्चर्नज्ट करिया था तुम फीक्नाद, क्या था दुम तुम दी काँई पाड़े, क्या तुम की भी से दुद मानान सब और कोजाक्या बारे ऑी रह कंद पारती लेस नहीं एत, ब्रद़ी तब आप प्रट़िए के भी बना चापकते है? अगम सब थाद्ची है? नहीं, आप प्रट़िए तब आप थो तब थी प्रट़ी तब ऐस भी च्चाँच के ज़ोगारेगी। तो वरंटें तब आप वी तब तब थो वरटें थब आप पुदी। आप रही talk about दो जीद, करनातका आपने बाचा सआभार। अग्र, रब आपना, वरत सच्छा चाहराता मैं, उच्चाच, वर घर एक क्या वालाँबोट्र है, और टीन, बोज़े कच्छाढा चिस, टीनास, दीद, तीद, आपने टीश्टी, और अगी। ख़्रनात खा है क्यो देया था तुद्या से आपुस से थे। उआप आप संट तुइना मिल देखा एक वोटेट, आप आप वोटेग तुदुग नूग। रजस्टान एं मदृप्तेशद and चातिश कऱढ़ेण Seen Radisthan and Madhya Pradesh and Chatiss Gara more importantly the next general elections. रआत पर ऐजूए thanks very much for joining us and this is definitely something to keep watching. शाथइ आस ही आजफाट ड़ैश गार आग़ेशा और जरिस आजटिएज क्यानग के आप आजदाज़ेशाँ. बफाँ़ गभा स्वो बहुज़े नेज़ नाच्वाअ नाच्वाद्ता, अगा नाच्वादा में आच्वादा इद्धान्ली ख़चादिता.