Finance secretary TV Somanathan said: “There is adequate supply of smaller-denomination notes in the economy to substitute for the ₹2,000 notes. I don’t see any impact whatsoever on the economy.” Economic affairs secretary Ajay Seth said it is only an exchange of notes of one denomination for smaller denominations. “Money supply to the economy will remain unaffected. The currency (the ₹2,000 note) continues to be a legal tender”.
Domestic autos, cement, infra poised to shine as interest rates ease: Sandip Sabharwal
Sandip Sabharwal discusses the impact of tariffs on global trade and the Indian economy, highlighting potential opportunities in sectors like auto, cement, and infrastructure. He