Legality Of Notes Ban
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- News
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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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Indian Student Banned By American Airlines For Peeing On Co-Passenger
The police said they have taken note of the incident and are taking legal action against the passenger.
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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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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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Nepal Writes To RBI To Declare New Indian Currency Legal In The Country
Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to media report on Sunday.
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Bank Staff Not Paid For Notes Ban Overtime Threaten Legal Action
Bank employees who worked long hours during demonetisation say they have not been paid the money due to them for working overtime. Now a section of their unions has threatened to sue the banks and go on strike if they don't get the cash soon.
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'Notes Ban Will Hit Black Money': Nitish Kumar Stays Fan Amid Criticism
Bihar Chief Minister Nitish Kumar is still bullish on demonetisation as a winning strategy against black money, despite a central bank report saying that 99 per cent of all the cash voided by Prime Minister Narendra Modi last November is back in banks.
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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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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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Government To Find Black Money Hoarders Among 60 Lakh Who Made Deposits After Notes Ban
Armed with information about Rs 7 lakh crore deposits made by some 60 lakh individuals and companies, the government today warned of hauling up anyone unable to show legal means saying depositing black money in banks does not convert it into white.
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Reserve Bank Cleared Notes Ban Less Than 3 Hours Before PM Modi's Speech on Nov 8
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
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Money Has Lost Its 'Anonymity' After Demonetisation: Finance Minister Arun Jaitley
On November 8, the government announced that currency notes of Rs 1,000 and Rs 500 were no longer legal tender, saying the move was aimed against black money, counterfeit currency and terror financing.
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Notes Ban: Political Parties Can't Accept Old Notes In Donation, Says Arun Jaitley
Finance Minister Arun Jaitley today said political parties can not accept donations in old 500 and 1,000 rupee notes since these bills were scrapped last month.
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On Notes Ban, Supreme Court Says 5 Judges To Decide If It's Legally Valid
Five senior most judges will decide whether the notes ban is legal and whether it is a violation of fundamental rights, the Supreme Court said today.
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Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government
The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".
-
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.
-
Indian Student Banned By American Airlines For Peeing On Co-Passenger
The police said they have taken note of the incident and are taking legal action against the passenger.
-
"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.
-
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.
-
Nepal Writes To RBI To Declare New Indian Currency Legal In The Country
Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to media report on Sunday.
-
Bank Staff Not Paid For Notes Ban Overtime Threaten Legal Action
Bank employees who worked long hours during demonetisation say they have not been paid the money due to them for working overtime. Now a section of their unions has threatened to sue the banks and go on strike if they don't get the cash soon.
-
'Notes Ban Will Hit Black Money': Nitish Kumar Stays Fan Amid Criticism
Bihar Chief Minister Nitish Kumar is still bullish on demonetisation as a winning strategy against black money, despite a central bank report saying that 99 per cent of all the cash voided by Prime Minister Narendra Modi last November is back in banks.
-
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.
-
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.
-
Government To Find Black Money Hoarders Among 60 Lakh Who Made Deposits After Notes Ban
Armed with information about Rs 7 lakh crore deposits made by some 60 lakh individuals and companies, the government today warned of hauling up anyone unable to show legal means saying depositing black money in banks does not convert it into white.
-
Reserve Bank Cleared Notes Ban Less Than 3 Hours Before PM Modi's Speech on Nov 8
The decision to withdraw the legal tender character of the 500 and 1000 rupee notes to the central government was taken at 5:30 p.m. on Nov. 8 at a board meeting, the RBI said in its responses.
-
Money Has Lost Its 'Anonymity' After Demonetisation: Finance Minister Arun Jaitley
On November 8, the government announced that currency notes of Rs 1,000 and Rs 500 were no longer legal tender, saying the move was aimed against black money, counterfeit currency and terror financing.
-
Notes Ban: Political Parties Can't Accept Old Notes In Donation, Says Arun Jaitley
Finance Minister Arun Jaitley today said political parties can not accept donations in old 500 and 1,000 rupee notes since these bills were scrapped last month.
-
On Notes Ban, Supreme Court Says 5 Judges To Decide If It's Legally Valid
Five senior most judges will decide whether the notes ban is legal and whether it is a violation of fundamental rights, the Supreme Court said today.
-
Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government
The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".
