500 And 1000 Notes Scrapped

Four sacks full of shredded pieces of scrapped currency notes of Rs 500 and Rs 1,000 denominations were found in a pile of garbage here, police said.

The Reserve Bank will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.

The Reserve Bank during the grace period has allowed Indian citizens residing in India who were abroad during November-December 2016 to exchange scrapped notes of Rs 500/1000 up to March 31, 2017 and Indian citizens residents outside up to June 30.

During the 50-day period post-demonetisation, 18 lakh entities deposited scrapped notes of Rs 500 and 1000 not commensurate with their income means, Finance Minister Arun Jaitley said.

The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.

The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.

Demonetisation has burnt a Rs 350 crore-hole in West Bengal Chief Minister Mamata Banerjee's state budget. That money will be given to "victims", as it were, of the centre's move last November to abruptly scrap Rs 500 and 1,000 rupee notes: migrant workers who lost jobs in other states and had to return home and farmers and sharecroppers hit by the...

Holding of more than 10 scrapped notes of Rs 500/1000 denomination will be punishable with a minimum fine of Rs 10,000, according to a new bill introduced in the Lok Sabha today with an aim of eliminating the "possibility of running a parallel economy" using these.

India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, roughly in line with this year's expected 7.1 percent, says the Economic Survey, a report card prepared by the government before Finance Minister Arun Jaitley presents the Union Budget tomorrow. The survey said the economy should steady after the hit from...

A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.

The Shri Saibaba Sansthan Trust in Shirdi has received donations of Rs 31.73 crore during the past 50 days post the government's decision to scrap 500 and 1,000 rupee notes, an official said today.

The government last month announced its decision to scrap Rs 500 and Rs 1,000 notes in a bid to flush out black money.

Frequent changes to the rules governing demonetisation is a sign of a responsive government - this is how Prime Minister Narendra Modi on Sunday responded to critics who have questioned the often-changing rules about the government's abrupt decision to scrap old 500 and 1,000-rupee notes to combat corruption and black money.

As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.

The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".

Four sacks full of shredded pieces of scrapped currency notes of Rs 500 and Rs 1,000 denominations were found in a pile of garbage here, police said.

The Reserve Bank will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.

The Reserve Bank during the grace period has allowed Indian citizens residing in India who were abroad during November-December 2016 to exchange scrapped notes of Rs 500/1000 up to March 31, 2017 and Indian citizens residents outside up to June 30.

During the 50-day period post-demonetisation, 18 lakh entities deposited scrapped notes of Rs 500 and 1000 not commensurate with their income means, Finance Minister Arun Jaitley said.

The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.

The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000.

Demonetisation has burnt a Rs 350 crore-hole in West Bengal Chief Minister Mamata Banerjee's state budget. That money will be given to "victims", as it were, of the centre's move last November to abruptly scrap Rs 500 and 1,000 rupee notes: migrant workers who lost jobs in other states and had to return home and farmers and sharecroppers hit by the...

Holding of more than 10 scrapped notes of Rs 500/1000 denomination will be punishable with a minimum fine of Rs 10,000, according to a new bill introduced in the Lok Sabha today with an aim of eliminating the "possibility of running a parallel economy" using these.

India's economy is expected to grow by between 6.75 and 7.5 percent in the coming fiscal year, roughly in line with this year's expected 7.1 percent, says the Economic Survey, a report card prepared by the government before Finance Minister Arun Jaitley presents the Union Budget tomorrow. The survey said the economy should steady after the hit from...

A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.

The Shri Saibaba Sansthan Trust in Shirdi has received donations of Rs 31.73 crore during the past 50 days post the government's decision to scrap 500 and 1,000 rupee notes, an official said today.

The government last month announced its decision to scrap Rs 500 and Rs 1,000 notes in a bid to flush out black money.

Frequent changes to the rules governing demonetisation is a sign of a responsive government - this is how Prime Minister Narendra Modi on Sunday responded to critics who have questioned the often-changing rules about the government's abrupt decision to scrap old 500 and 1,000-rupee notes to combat corruption and black money.

As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.

The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".