Printing Of New 500 Notes
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This Is The Amount Spent On Printing Of New Notes Post Notes Ban
The amount spent on production of Rs 500 notes was Rs 4,968.84 crore, said Minister of State for Finance P Radhakrishnan.
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About Rs 5,000 Crore Spent On Printing Of New 500 Notes
The government has informed the Lok Sabha that about Rs 5,000 crore was spent on printing of new Rs 500 currency notes post demonetisation.
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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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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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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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Banks Asked To Supply 40% New Currency In Rural Areas
The Reserve Bank of India on Tuesday advised banks to supply at least 40 per cent of new currency notes in rural areas to overcome the impact of demonetisation. The circular by the central bank has been issued after reports of rural areas in the country facing cash shortage post-demonetistion. The government had on November 9, 2016 demonetised 86 p...
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Deadline To Deposit Old Rs 500 And Rs 1,000 Notes Ends Today
The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
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Here's How Much It Costs The RBI To Print New 500 And 2,000 Rupee Notes
A new Rs 500 note costs Rs 3.09 to print, while the magenta 2,000 rupee note costs Rs 3.54, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), which prints currency notes, has said.
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RBI To Issue Rs 500 Notes In New Series Soon
In a serially numbered packet, banknotes with any defect, detected at the printing stage, are replaced at the note printing presses by banknotes having the same number so that the sequence of the packet is maintained.
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Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
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Pay Day Test For Government After Notes Ban Amid Cash Crunch: 10 Points
On the first Pay Day since the notes ban announcement, crowds formed outside banks of people desperate for cash to buy grocery or pay helps. The Reserve Bank of India (RBI) has assured the government that it is ready for higher withdrawals of cash, but many banks told people on Thursday morning that they had run out of cash. RBI has said it will in...
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Air Force Has Airlifted Over 160 Tonnes Of Banknotes Since November 19
The Indian Air Force has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport cash from the source to main distribution centres to meet the surge in demand post demonetisation.
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New Rs 500 Notes With Faulty Printing Valid: RBI
They were meant to replace the demonetised currency, but some new 500-rupee notes are causing some confusion -- because of printing errors.
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Cash Shortage To Continue For 4 To 5 Months: Bank Employees Union
As of March this year, there were 15,707 million pieces of old Rs 500 notes and 6,326 million pieces of Rs 1,000 notes in circulation, the union said.
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Notes Ban: Problem Is Serious, We Will Have Riots, Says Supreme Court
For the second time in a week, the centre faced tough questions on the notes ban from the Supreme Court, which said: "There are difficulties. You can't dispute that."
-
This Is The Amount Spent On Printing Of New Notes Post Notes Ban
The amount spent on production of Rs 500 notes was Rs 4,968.84 crore, said Minister of State for Finance P Radhakrishnan.
-
About Rs 5,000 Crore Spent On Printing Of New 500 Notes
The government has informed the Lok Sabha that about Rs 5,000 crore was spent on printing of new Rs 500 currency notes post demonetisation.
-
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.
-
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.
-
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.
-
Banks Asked To Supply 40% New Currency In Rural Areas
The Reserve Bank of India on Tuesday advised banks to supply at least 40 per cent of new currency notes in rural areas to overcome the impact of demonetisation. The circular by the central bank has been issued after reports of rural areas in the country facing cash shortage post-demonetistion. The government had on November 9, 2016 demonetised 86 p...
-
Deadline To Deposit Old Rs 500 And Rs 1,000 Notes Ends Today
The 50-day deadline to deposit the old Rs 500 or 1,000 notes in banks comes to an end today but the cash crunch and queues before ATMs are likely to continue for some more time as currency printing presses have failed to meet the huge demand for new bills.
-
Here's How Much It Costs The RBI To Print New 500 And 2,000 Rupee Notes
A new Rs 500 note costs Rs 3.09 to print, while the magenta 2,000 rupee note costs Rs 3.54, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), which prints currency notes, has said.
-
RBI To Issue Rs 500 Notes In New Series Soon
In a serially numbered packet, banknotes with any defect, detected at the printing stage, are replaced at the note printing presses by banknotes having the same number so that the sequence of the packet is maintained.
-
Focus Now On Printing 500-Rupee Notes, Says Government: 10 Points
The government is now focusing on printing 500 rupee notes, Economic Affairs Secretary Shaktikanta Das said on Thursday, hours before a deadline for using old 500 and 1000 rupee notes at petrol pumps and some other facilities ended. From midnight to December 30, old notes can only be deposited in banks. Prime Minister Narendra Modi had on November ...
-
Pay Day Test For Government After Notes Ban Amid Cash Crunch: 10 Points
On the first Pay Day since the notes ban announcement, crowds formed outside banks of people desperate for cash to buy grocery or pay helps. The Reserve Bank of India (RBI) has assured the government that it is ready for higher withdrawals of cash, but many banks told people on Thursday morning that they had run out of cash. RBI has said it will in...
-
Air Force Has Airlifted Over 160 Tonnes Of Banknotes Since November 19
The Indian Air Force has airlifted over 160 tonnes of new currency notes from four printing presses to various parts of the country to cut down the time taken to transport cash from the source to main distribution centres to meet the surge in demand post demonetisation.
-
New Rs 500 Notes With Faulty Printing Valid: RBI
They were meant to replace the demonetised currency, but some new 500-rupee notes are causing some confusion -- because of printing errors.
-
Cash Shortage To Continue For 4 To 5 Months: Bank Employees Union
As of March this year, there were 15,707 million pieces of old Rs 500 notes and 6,326 million pieces of Rs 1,000 notes in circulation, the union said.
-
Notes Ban: Problem Is Serious, We Will Have Riots, Says Supreme Court
For the second time in a week, the centre faced tough questions on the notes ban from the Supreme Court, which said: "There are difficulties. You can't dispute that."
