Ban On Currency Notes

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.

The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.

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.

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.

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.

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.

Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government

Maharashtra BJP MLA Ram Kadam added Prime Minister Narendra Modi and Hindutva ideologue VD Savarakar to mix as he suggested four new currency notes in a race set off by Arvind Kejriwal's demand to put Hindu deities' images on the 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.

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.

Eight people were arrested for allegedly possessing demonetised currency notes worth Rs 1.5 crore, Goa police said today. The demonetised currency was seized during a routine search of vehicles at the Pollem border check post in South Goa on Friday, deputy superintendent of police (Canacona) Kiran Paudwal.

West Bengal Chief Minister Mamata Banerjee on Friday described the notes ban as a "futile exercise" and said the BJP-led central government's move to ban high-value currency notes on this day in 2016 ruined the country's economy.

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

The Congress today alleged that the Election Commission is not taking any action against the ruling BJP despite the many cases of poll code violation reported against them. The party also showed a video, claiming it was an expose on currency exchange conducted by the government after demonetisation.

Police on Sunday seized Rs 3.5 crore in banned notes from a village in Gujarat. Four people have been arrested in connection with the case.

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.

The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.

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.

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.

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.

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.

Congress says demonetisation of high-value currency notes in 2016 was India's "greatest organised loot" and demands White Paper from Modi government

Maharashtra BJP MLA Ram Kadam added Prime Minister Narendra Modi and Hindutva ideologue VD Savarakar to mix as he suggested four new currency notes in a race set off by Arvind Kejriwal's demand to put Hindu deities' images on the 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.

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.

Eight people were arrested for allegedly possessing demonetised currency notes worth Rs 1.5 crore, Goa police said today. The demonetised currency was seized during a routine search of vehicles at the Pollem border check post in South Goa on Friday, deputy superintendent of police (Canacona) Kiran Paudwal.

West Bengal Chief Minister Mamata Banerjee on Friday described the notes ban as a "futile exercise" and said the BJP-led central government's move to ban high-value currency notes on this day in 2016 ruined the country's economy.

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

The Congress today alleged that the Election Commission is not taking any action against the ruling BJP despite the many cases of poll code violation reported against them. The party also showed a video, claiming it was an expose on currency exchange conducted by the government after demonetisation.

Police on Sunday seized Rs 3.5 crore in banned notes from a village in Gujarat. Four people have been arrested in connection with the case.