Demonetisation Of High Denomination Currency
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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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5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
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Pakistan Senate Seeks Demonetisation Of Rs 5,000 Notes
The Pakistan Senate on Monday passed a resolution seeking withdrawal of high denomination Rs 5,000 currency notes in order to curb the flow of black money.
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Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised
As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.
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India's New Bank Notes Already Being Used For Corruption: Foreign Media
On Nov. 8 - the same day American politics was upended - India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash.
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No Proposal To Restrict Gold Holding By Individuals: Report
There were reports that many people have converted their black money into gold following the announcement of demonetisation of high denomination currency notes.
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Rs 500, Rs 1,000 Notes Not Valid For Small Saving Scheme Deposits
The Finance Ministry said it has received references from banks on whether these high denomination currency notes can be deposited in accounts opened under the small saving schemes.
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Cannot Disclose Details On Release Of New Rs 500 Notes: RBI
The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks for distribution due to security reasons.
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Centre Moves Supreme Court To Stay Proceedings Against Demonetisation
The Supreme Court today agreed to hear a fresh plea of the Centre seeking a stay on the proceedings before various high courts and other courts except the Supreme court against its November 8 decision to demonetise high denomination currency notes of Rs 500 and Rs 1,000. The Top Court will hear the plea tomorrow.
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Gulf NRIs Worried About Money Exchange After Demonetisation
Indian businessmen in the Gulf region have responded positively to the currency demonetisation measures announced by the government to tackle black money while others saddled with high denomination notes have are worried about exchanging them abroad.
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Baba Ramdev Bats For Note Ban, Urges People To Cooperate To Clean Up System
Lauding the demonetisation of high denomination notes, yoga teacher Baba Ramdev today said the Narendra Modi government has dealt a severe blow to corruption, black money and terrorism and urged people to cooperate with the centre in this endeavour to clean up the system.
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Man Who Went To Deposit Rs 5 lakh Cash Falls To Death
A 48-year-old man, who came to deposit Rs five lakh worth scrapped high denomination notes in a bank here, died after he fell down from the second floor of the building today, police said.
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Currency Transition: Services At Hospitals 'Not An Issue As Such'
As per the order, government hospitals will continue to accept Rs 500 and Rs 1,000 notes for payment. Pharmacies in government hospitals will also accept these notes for purchase of medicines.
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Scrapping Large Currency Not New, India Once Even Had 5000, 10000 Rupee Notes
The sudden move to demonetise Rs 500 and Rs 1,000 currency notes is not new. Rs 1,000 and higher denomination notes were first demonetised in January 1946 and again in 1978.
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High-Value Notes Demonetisation: Its 1978 Redux!
The sudden move to demonetise Rs 500 and Rs 1,000 currency notes is not new. Rs 1,000 and higher denomination notes were first demonetised in January 1946 and again in 1978.
-
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.
-
5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
-
Pakistan Senate Seeks Demonetisation Of Rs 5,000 Notes
The Pakistan Senate on Monday passed a resolution seeking withdrawal of high denomination Rs 5,000 currency notes in order to curb the flow of black money.
-
Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised
As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.
-
India's New Bank Notes Already Being Used For Corruption: Foreign Media
On Nov. 8 - the same day American politics was upended - India's prime minister announced the sudden invalidation of all high denomination currency notes, accounting for a whopping 86 percent of the country's cash.
-
No Proposal To Restrict Gold Holding By Individuals: Report
There were reports that many people have converted their black money into gold following the announcement of demonetisation of high denomination currency notes.
-
Rs 500, Rs 1,000 Notes Not Valid For Small Saving Scheme Deposits
The Finance Ministry said it has received references from banks on whether these high denomination currency notes can be deposited in accounts opened under the small saving schemes.
-
Cannot Disclose Details On Release Of New Rs 500 Notes: RBI
The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination currency to the banks for distribution due to security reasons.
-
Centre Moves Supreme Court To Stay Proceedings Against Demonetisation
The Supreme Court today agreed to hear a fresh plea of the Centre seeking a stay on the proceedings before various high courts and other courts except the Supreme court against its November 8 decision to demonetise high denomination currency notes of Rs 500 and Rs 1,000. The Top Court will hear the plea tomorrow.
-
Gulf NRIs Worried About Money Exchange After Demonetisation
Indian businessmen in the Gulf region have responded positively to the currency demonetisation measures announced by the government to tackle black money while others saddled with high denomination notes have are worried about exchanging them abroad.
-
Baba Ramdev Bats For Note Ban, Urges People To Cooperate To Clean Up System
Lauding the demonetisation of high denomination notes, yoga teacher Baba Ramdev today said the Narendra Modi government has dealt a severe blow to corruption, black money and terrorism and urged people to cooperate with the centre in this endeavour to clean up the system.
-
Man Who Went To Deposit Rs 5 lakh Cash Falls To Death
A 48-year-old man, who came to deposit Rs five lakh worth scrapped high denomination notes in a bank here, died after he fell down from the second floor of the building today, police said.
-
Currency Transition: Services At Hospitals 'Not An Issue As Such'
As per the order, government hospitals will continue to accept Rs 500 and Rs 1,000 notes for payment. Pharmacies in government hospitals will also accept these notes for purchase of medicines.
-
Scrapping Large Currency Not New, India Once Even Had 5000, 10000 Rupee Notes
The sudden move to demonetise Rs 500 and Rs 1,000 currency notes is not new. Rs 1,000 and higher denomination notes were first demonetised in January 1946 and again in 1978.
-
High-Value Notes Demonetisation: Its 1978 Redux!
The sudden move to demonetise Rs 500 and Rs 1,000 currency notes is not new. Rs 1,000 and higher denomination notes were first demonetised in January 1946 and again in 1978.
