Ban Of Currency Notes
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Banned Currency Notes With Face Value Rs 47 Lakh Seized In Madhya Pradesh
Gwalior police caught a man with Rs 47 lakhs of banned currency notes of Rs 500 and Rs 1,000 in the district, a police official said on Monday.
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Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
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"Notebandi," Says Opposition. "Rs 2,000 Notes Will Remain Valid," Says BJP
Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.
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Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
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Notes Ban Upheld: 5 Big Quotes From Supreme Court Verdict
The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.
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Highlights: Supreme Court Upholds Centre's Note Ban Move
The Supreme Court will today pronounce its verdict on a batch of petitions challenging the Union Government's 2016 decision to demonetise the currency bills of Rs 500 and Rs 1,000 denominations.
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Big Supreme Court Verdict On Centre's Note Ban Decision Shortly: 10 Facts
The Supreme Court is likely to give its verdict today on petitions challenging the centre's decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore was wiped out of circulation overnight because of the move.
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"Demonetisation Deeply Flawed, Outrageous": P Chidambaram To Supreme Court
Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram told the Supreme Court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender.
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Supreme Court Adjourns Pleas Challenging Centre's Notes Ban To November 24
The Supreme Court on Wednesday deferred to November 24 the hearing on a batch of pleas challenging the Centre's 2016 decision to demonetise currency notes of denomination of Rs 500 and Rs 1000.
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Video: On Demonetisation Anniversary, Rahul Gandhi's "PayPM" Swipe
Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government
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Ex-Bank Officer Gets 7 Years Jail For Illegal Exchange Of Banned Notes
A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
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Crypto Not Recognised As Legal Currency, To Be Regulated In India: 5 Points
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
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Prime Minister Narendra Modi Urges Countries to Cooperate to Make Cryptocurrencies Safe
Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure cryptocurrencies like Bitcoin do not "end up in the wrong hands," delivering the comments while his government drew up new rules for digital currencies.
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Five Years Since Demonetisation, Value Of Cash In Circulation Up 64%
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
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COVID-19 Crisis: India's Services Activity Contracts Sharply In May, Says Survey
The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.
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Banned Currency Notes With Face Value Rs 47 Lakh Seized In Madhya Pradesh
Gwalior police caught a man with Rs 47 lakhs of banned currency notes of Rs 500 and Rs 1,000 in the district, a police official said on Monday.
-
Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
-
"Notebandi," Says Opposition. "Rs 2,000 Notes Will Remain Valid," Says BJP
Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.
-
Cash Circulation In Public Nearly Doubled In 6 Years Since Notes Ban
Six years after the shock move to ban 86 per cent of the currency in circulation, cash is still the king with official data showing close to doubling of cash with the public.
-
Notes Ban Upheld: 5 Big Quotes From Supreme Court Verdict
The Supreme Court today upheld the demonetisation of Rs 1,000 and Rs 500 currency notes. Justice BV Nagarathna dissented as the four other judges of the five-judge bench ruled in favour of the Centre's 2016 exercise.
-
Highlights: Supreme Court Upholds Centre's Note Ban Move
The Supreme Court will today pronounce its verdict on a batch of petitions challenging the Union Government's 2016 decision to demonetise the currency bills of Rs 500 and Rs 1,000 denominations.
-
Big Supreme Court Verdict On Centre's Note Ban Decision Shortly: 10 Facts
The Supreme Court is likely to give its verdict today on petitions challenging the centre's decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore was wiped out of circulation overnight because of the move.
-
"Demonetisation Deeply Flawed, Outrageous": P Chidambaram To Supreme Court
Calling the demonetisation of Rs 500 and Rs 1000 currency notes "deeply flawed", senior lawyer P Chidambaram told the Supreme Court on Thursday the Union government cannot on its own initiate any proposal relating to legal tender.
-
Supreme Court Adjourns Pleas Challenging Centre's Notes Ban To November 24
The Supreme Court on Wednesday deferred to November 24 the hearing on a batch of pleas challenging the Centre's 2016 decision to demonetise currency notes of denomination of Rs 500 and Rs 1000.
-
Video: On Demonetisation Anniversary, Rahul Gandhi's "PayPM" Swipe
Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government
-
Ex-Bank Officer Gets 7 Years Jail For Illegal Exchange Of Banned Notes
A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
-
Crypto Not Recognised As Legal Currency, To Be Regulated In India: 5 Points
The proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it, according to a Cabinet note circulated by the government. Crypto is not recognised as legal currency in India yet, as per the note.
-
Prime Minister Narendra Modi Urges Countries to Cooperate to Make Cryptocurrencies Safe
Prime Minister Narendra Modi urged cooperation between the world's democracies to ensure cryptocurrencies like Bitcoin do not "end up in the wrong hands," delivering the comments while his government drew up new rules for digital currencies.
-
Five Years Since Demonetisation, Value Of Cash In Circulation Up 64%
The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21
-
COVID-19 Crisis: India's Services Activity Contracts Sharply In May, Says Survey
The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.
