Banned 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 Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down

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.

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.

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.

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 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 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.

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 Indian central bank's decision to withdraw its highest denomination currency note from circulation is likely to improve banking system liquidity, bringing down

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.

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.

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.

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 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 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.