PM was not in favour of Rs 2000 note: former principal secretary to PM Modi

2023-05-23 10:57 AM IST | Mumbai

Former Principal Secretary to Prime Minister Narendra Modi Nripendra Misra on May 22 said that the PM was not keen on the introduction of the Rs 2,000 notes but went along with the advice of his team. “PM Modi was not at all in favour of Rs 2000 notes. But, as demonetisation was to be done in a limited time, he gave reluctant permission for it. PM never considered Rs 2000 note as a note of the poor, he knew Rs 2000 has hoarding value instead of the transactional value,” said Nripendra Misra. 

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