000-rupee Notes

Inspired by the Shahid Kapoor-starrer 'Farzi' and cashing in on the withdrawal of 2,000-rupee notes, an inter-state gang from Uttar Pradesh began printing counterfeit notes and exchanging them at a lower value.

Indians are stepping up purchases of daily essentials, and even premium branded goods, using the soon-to-be-withdrawn 2,000-rupee notes as they aim to sidestep the need to exchange or deposit them at banks.

Rs 2,000 notes have not been printed in the last two years, the Finance Ministry said on Monday in parliament to a question on why the currency notes introduced after demonetization in 2016 were hardly in circulation now.

Amid reports that Rs 2,000-rupee notes are being phased out, the government today said there was "no decision" on printing more of the notes as there are "more than adequate" in the system, according to Economic Affairs Secretary Subhash Chandra Garg.

Finance Minister Arun Jaitley posted a strong defence of demonetisation today as opposition parties seized the second anniversary of the move to rip into the government and even demand an apology from Prime Minister Narendra Modi. In a Facebook post, the minister described PM Modi's overnight ban on higher currency notes on November 8, 2016, as a "...

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.

People with a legitimate reason for not being able to deposit old 500 and 1,000-rupee notes - like those in prison - cannot be denied the right to swap the outlawed currency for new notes, the Supreme Court said today, asking the government to explain how it will help these citizens by the 17th of this month.

Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...

After five hours, the money was still being counted - and at that time, it totalled nearly 15 crores. In cash - and in the high-denomination notes that were banned in November by Prime Minister Narendra Modi in a shock move.

In a 45-second video being shared on social media, a man is seen handing out 4,000 rupees each, in crisp 2,000-rupee notes, to three people inside a room. He asks them to vote for the hat, the election symbol of the AIADMK Amma, the VK Sasikala faction. There are women in the room, one holding a baby, and a man who seems to have a voters' list.

The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.

Arun Jaitley today used the Congress's own words to attack the rival party, saying its opposition to demonetisation was a "monumental blunder." The notes ban was "ethically the right choice," said the Finance Minister, who was on a brief stopover in Varanasi, the hub of political activity as Uttar Pradesh votes for 89 seats in its last two rounds o...

A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".

The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.

Inspired by the Shahid Kapoor-starrer 'Farzi' and cashing in on the withdrawal of 2,000-rupee notes, an inter-state gang from Uttar Pradesh began printing counterfeit notes and exchanging them at a lower value.

Indians are stepping up purchases of daily essentials, and even premium branded goods, using the soon-to-be-withdrawn 2,000-rupee notes as they aim to sidestep the need to exchange or deposit them at banks.

Rs 2,000 notes have not been printed in the last two years, the Finance Ministry said on Monday in parliament to a question on why the currency notes introduced after demonetization in 2016 were hardly in circulation now.

Amid reports that Rs 2,000-rupee notes are being phased out, the government today said there was "no decision" on printing more of the notes as there are "more than adequate" in the system, according to Economic Affairs Secretary Subhash Chandra Garg.

Finance Minister Arun Jaitley posted a strong defence of demonetisation today as opposition parties seized the second anniversary of the move to rip into the government and even demand an apology from Prime Minister Narendra Modi. In a Facebook post, the minister described PM Modi's overnight ban on higher currency notes on November 8, 2016, as a "...

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

One last opportunity to deposit the 500- and 1,000-rupee notes that were banned in November will defeat the whole point of demonetisation as well as the battle against black money, the government told the Supreme Court today.

People with a legitimate reason for not being able to deposit old 500 and 1,000-rupee notes - like those in prison - cannot be denied the right to swap the outlawed currency for new notes, the Supreme Court said today, asking the government to explain how it will help these citizens by the 17th of this month.

Six months after PM Narendra Modi scrapped high value 500 and 1,000-rupee notes the centre has something to cheer. Before the unprecedented November 8 decision to cancel 86 percent of currency in circulation there were nearly five crore tax payers in India but since then nearly 91 lakh people have been added to the list of tax paying Indians, Finan...

After five hours, the money was still being counted - and at that time, it totalled nearly 15 crores. In cash - and in the high-denomination notes that were banned in November by Prime Minister Narendra Modi in a shock move.

In a 45-second video being shared on social media, a man is seen handing out 4,000 rupees each, in crisp 2,000-rupee notes, to three people inside a room. He asks them to vote for the hat, the election symbol of the AIADMK Amma, the VK Sasikala faction. There are women in the room, one holding a baby, and a man who seems to have a voters' list.

The government will decide within two weeks whether those who failed to deposit banned 500- and 1,000-rupee notes can be granted an opportunity to turn in the high-denomination currency.

Arun Jaitley today used the Congress's own words to attack the rival party, saying its opposition to demonetisation was a "monumental blunder." The notes ban was "ethically the right choice," said the Finance Minister, who was on a brief stopover in Varanasi, the hub of political activity as Uttar Pradesh votes for 89 seats in its last two rounds o...

A man in Delhi who withdrew four 2,000-rupee notes from an ATM was shocked to see, at a closer glance, that it had been issued by the "Children Bank Of India".

The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.