500 Rupee Note 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 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...

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...

Three persons have been detained in Ghaziabad on Thursday with scrapped currency notes of Rs 500 and Rs 1,000 worth 31.65 lakh rupees, the city police said.

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.

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.

On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.

On the day Prime Minister Narendra Modi announced scrapping of Rs 1,000 and Rs 500 notes, RBI had only Rs 4.94 lakh crore in 2,000 rupee notes, which was approximately one-fourth of over Rs 20 lakh crore it had in demonetized currency notes.

Finance Minister Arun Jaitley today said political parties can not accept donations in old 500 and 1,000 rupee notes since these bills were scrapped last month.

Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy.

With less than a month to go for the deadline to exchange or deposit old 500 and 1,000 rupee notes, much of the non-resident Indian or NRI community is still stumped with what to do with their share of scrapped currency.

These new notes come against the backdrop of government last month scrapping Rs 500/1000 currency notes to crack down on black money.

Law and IT Minister Ravi Shankar Prasad today said the decision to scrap 500 and 1,000 rupee notes was taken by the government on the recommendation of the Reserve Bank of India.

Weddings in India are a celebration of community - there's a reason why the term 'big fat Indian wedding' is so popular and so apt. So has the scrapping of 500 and 1,000 rupee notes announced by Prime Minister Narendra Modi on November 8 made an impact on the wedding scene in India?

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 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...

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...

Three persons have been detained in Ghaziabad on Thursday with scrapped currency notes of Rs 500 and Rs 1,000 worth 31.65 lakh rupees, the city police said.

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.

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.

On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.

On the day Prime Minister Narendra Modi announced scrapping of Rs 1,000 and Rs 500 notes, RBI had only Rs 4.94 lakh crore in 2,000 rupee notes, which was approximately one-fourth of over Rs 20 lakh crore it had in demonetized currency notes.

Finance Minister Arun Jaitley today said political parties can not accept donations in old 500 and 1,000 rupee notes since these bills were scrapped last month.

Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy.

With less than a month to go for the deadline to exchange or deposit old 500 and 1,000 rupee notes, much of the non-resident Indian or NRI community is still stumped with what to do with their share of scrapped currency.

These new notes come against the backdrop of government last month scrapping Rs 500/1000 currency notes to crack down on black money.

Law and IT Minister Ravi Shankar Prasad today said the decision to scrap 500 and 1,000 rupee notes was taken by the government on the recommendation of the Reserve Bank of India.

Weddings in India are a celebration of community - there's a reason why the term 'big fat Indian wedding' is so popular and so apt. So has the scrapping of 500 and 1,000 rupee notes announced by Prime Minister Narendra Modi on November 8 made an impact on the wedding scene in India?