AIADMK leader claims shocking link between Rs 2,000 note withdrawal and 2024 Lok Sabha elections

CHENNAI: In a bid to tap the cash-for-vote push and curb the power of money against the ruling BJP in the 2024 general elections, Rs 2,000 denomination notes are being withdrawn – an idea shared across social media. being done. Former AIADMK Lok Sabha MP K.C. Palanisamy told IANS, “This is a step to reduce the money power of the opposition. Also, the surveillance radar will be activated on those who are hoarding Rs 2,000 notes in large numbers.”

According to him, there are also possibilities of holding the Lok Sabha elections in October/November this year. Another person in the social media group quipped: “Another surgical strike.” “It could be an attempt to curb black money distribution for votes during the general elections next year,” Prasanna, a layman, told IANS.

Karthik Srinivasan, Senior Vice President, said, “As seen during demonetisation, we expect a modest recovery in bank deposit growth in the near term. This will reduce the upward pressure on deposit rates and consequently lower short-term interest rates.” There may also be a decrease. , Financial Sector Rating, ICRA said.

Vimal Nadar, head of research at Colliers India, said: “The withdrawal of Rs 2,000 notes is a expected and timely step towards prudent currency management within the framework of maintaining banking and financial discipline. component. High value real estate transactions. Over the years, RERA and demonetisation have brought significant levels of transparency in real estate, largely contributing to fair market pricing.”

Rajya Sabha MP and senior BJP leader Sushil Kumar Modi on Friday termed the move as a “second surgical strike on black money”. Sushil Modi said, “I raised this issue in Rajya Sabha to withdraw Rs 2,000 denomination notes and I thank Prime Minister Narendra Modi for this. This is the second surgical strike on black money.”