This blog is meant for use by members of the Association for news and views. Send comments / suggestions / views to e-mail Id: aiaipasp.ors@gmail.com

Tuesday, January 28, 2014

Withdrawal of pre-2005 notes is not to check black money:Rajan

Mumbai, Jan 28 (PTI) Reserve Bank Governor Raghuram Rajan today said the withdrawal of pre-2005 notes is not intended to check black money but to prevent counterfeiting.

"It is not intended to get at black money, tax evasion etc. I am not saying those are good things. This is technical action, in order to withdraw notes which have fewer security features than new notes," Rajan said in a media briefing after announcement of third quarter monetary policy review.

No comments: