Demonetisation Of 500 Rupee Notes
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99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
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Cash Crunch: Government To Raise Printing Of 500 Rupees Notes
In the next couple of days, the government will have a supply of about Rs 2,500 crore worth of Rs 500 notes per day, said economic affairs secretary Subhash Chandra Garg
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99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI
Prime Minister Narendra Modi last year in a surprise move banned Rs 500 and Rs 1,000 notes to counter black money, with the high denomination notes losing their legal tender status from midnight of November 8.
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It's Official. Bright Yellow Rs. 200 Notes From Today: 10 Features
New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...
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On Count of Banned Notes, Congress jibe: 'Child Delivered In 9 Months'
Opposition in the Rajya Sabha today sought to know why the Reserve Bank of India has not yet provided the number of demonetised 500 and 1000 rupee notes returned in the banking system, even after nine months of the note ban decision.
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Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
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Revealed: The Cost Of Printing New 500, 2,000 Rupee Notes
The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.
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RBI Removes All Withdrawal Limits From Savings Bank Accounts, ATMs
In February, the weekly withdrawal limit per account was raised to Rs 50,000 from Rs 24,000.
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Notes In Circulation Drop To Rs 11.73 Lakh Crore, Post Demonetisation
Post demonetisation, the government has come up with new 500 and 2,000 rupee notes with added security features.
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Notes Ban Impact On Loan, Deposit Growth Significant: Moody's
The cancellation of legal tender of 500 and 1,000 rupee notes has led to a slowdown in economic activity that weighed on demand for credit among companies and retail borrowers during the October-December quarter, it said.
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No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
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Market Took Demonetisation Positively; Rising Dollar Dampened Sentiment
Government's quarterly debt management report said demonetisation of Rs 500/1,000 notes last year was viewed "positively" by the market.
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Mamata Banerjee Announces Fund For 'Victims' Of Notes Ban
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...
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Budget 2017: Why So Confident About Notes Ban Impact, Questions Manmohan Singh
Former Prime Minister Manmohan Singh today reserved his critique on the budget but questioned Finance Minister Arun Jaitley's statement on the impact of demonetization being transient.
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Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
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99.3% Of Rs Old Rs 500, Rs 1,000 Notes Returned To Banks After Demonetisation, Says RBI
Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned, said RBI.
-
Cash Crunch: Government To Raise Printing Of 500 Rupees Notes
In the next couple of days, the government will have a supply of about Rs 2,500 crore worth of Rs 500 notes per day, said economic affairs secretary Subhash Chandra Garg
-
99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI
Prime Minister Narendra Modi last year in a surprise move banned Rs 500 and Rs 1,000 notes to counter black money, with the high denomination notes losing their legal tender status from midnight of November 8.
-
It's Official. Bright Yellow Rs. 200 Notes From Today: 10 Features
New Rs 200 notes will be launched today, the Reserve Bank of India (RBI) announced today in a press release days after introducing new fluorescent blue Rs 50 banknotes. This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders. The gov...
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On Count of Banned Notes, Congress jibe: 'Child Delivered In 9 Months'
Opposition in the Rajya Sabha today sought to know why the Reserve Bank of India has not yet provided the number of demonetised 500 and 1000 rupee notes returned in the banking system, even after nine months of the note ban decision.
-
Government Allows Co-Operative Banks To Deposit Old Notes With RBI
The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers.
-
Revealed: The Cost Of Printing New 500, 2,000 Rupee Notes
The approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2,000, Minister of State for Finance Arjun Ram Meghwal said.
-
RBI Removes All Withdrawal Limits From Savings Bank Accounts, ATMs
In February, the weekly withdrawal limit per account was raised to Rs 50,000 from Rs 24,000.
-
Notes In Circulation Drop To Rs 11.73 Lakh Crore, Post Demonetisation
Post demonetisation, the government has come up with new 500 and 2,000 rupee notes with added security features.
-
Notes Ban Impact On Loan, Deposit Growth Significant: Moody's
The cancellation of legal tender of 500 and 1,000 rupee notes has led to a slowdown in economic activity that weighed on demand for credit among companies and retail borrowers during the October-December quarter, it said.
-
No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
-
Market Took Demonetisation Positively; Rising Dollar Dampened Sentiment
Government's quarterly debt management report said demonetisation of Rs 500/1,000 notes last year was viewed "positively" by the market.
-
Mamata Banerjee Announces Fund For 'Victims' Of Notes Ban
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...
-
Budget 2017: Why So Confident About Notes Ban Impact, Questions Manmohan Singh
Former Prime Minister Manmohan Singh today reserved his critique on the budget but questioned Finance Minister Arun Jaitley's statement on the impact of demonetization being transient.
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
