Rbi Report On Demonetisation

The Reserve Bank of India (RBI) does not have a plan to reintroduce Rs 1,000 bank notes to ease the impact following the withdrawal of Rs 2,000 notes, RBI governor Shaktikanta Das said today, calling reports on the subject "speculative".

Former RBI chief Raghuram Rajan said today that it was "worrying" that there was not enough focus in the country on joblessness. "There is a huge hunger for good jobs. Our job statistics have been poor for a long time," he said in an interview to NDTV on his new book "The Third Pillar".

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

Former Prime Minister Manmohan Singh on Friday sharply criticised the government on demonetisation and jobs data and said the state of affairs in the country were a powerful indictment of the BJP-led government.

Demonetisation was not a mistake but a deliberate attack on citizens to help big businesses, Rahul Gandhi said on Thursday, stepping up his offensive against Prime Minister Narendra Modi and the government a day after the Reserve Bank of India (RBI) revealed that most of the banned cash had returned to the system.

Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.

Banned notes worth crores, making up a "bed" of cash when stacked up, were found on Tuesday at a house in Uttar Pradesh's Kanpur. The cash had to be stuffed into five big steel trunks, gunny bags and cartons by officials of the Reserve Bank of India (RBI) and the UP police.

RBI has printed 3,654 million pieces of Rs 2,000 notes as on December 8

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.

Prime Minister Narendra Modi said on Wednesday that decisions like demonetization were taken without fear or hesitation, asserting that his government is not afraid of taking "big and tough" decisions in the interest of the country.

In its annual report, the RBI had disclosed that almost 99% of the scrapped currency notes have come back into the system.

The government said that it had expected all the annulled currency to be returned, in line with the latest RBI data.

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

The panel would submit its report on demonetisation during the Monsoon Session of Parliament starting on July 17.

Cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14, the statement said.

The Reserve Bank of India (RBI) does not have a plan to reintroduce Rs 1,000 bank notes to ease the impact following the withdrawal of Rs 2,000 notes, RBI governor Shaktikanta Das said today, calling reports on the subject "speculative".

Former RBI chief Raghuram Rajan said today that it was "worrying" that there was not enough focus in the country on joblessness. "There is a huge hunger for good jobs. Our job statistics have been poor for a long time," he said in an interview to NDTV on his new book "The Third Pillar".

The printing of Rs. 2,000 notes, which debuted after Prime Minister Narendra Modi's shock demonetisation move in 2016, has been reduced to the "minimum" by the Reserve Bank of India (RBI), a top finance ministry official said today amid reports that it is being phased out.

Former Prime Minister Manmohan Singh on Friday sharply criticised the government on demonetisation and jobs data and said the state of affairs in the country were a powerful indictment of the BJP-led government.

Demonetisation was not a mistake but a deliberate attack on citizens to help big businesses, Rahul Gandhi said on Thursday, stepping up his offensive against Prime Minister Narendra Modi and the government a day after the Reserve Bank of India (RBI) revealed that most of the banned cash had returned to the system.

Senior Congress leader P Chidambaram today slammed the government after the RBI said that as much as 99.3 per cent of the demonetised Rs 500 and Rs 1,000 notes have returned to the banking system, saying the Indian economy had suffered due to the notes ban by way of job loss, closure of industries and the GDP growth.

Banned notes worth crores, making up a "bed" of cash when stacked up, were found on Tuesday at a house in Uttar Pradesh's Kanpur. The cash had to be stuffed into five big steel trunks, gunny bags and cartons by officials of the Reserve Bank of India (RBI) and the UP police.

RBI has printed 3,654 million pieces of Rs 2,000 notes as on December 8

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.

Prime Minister Narendra Modi said on Wednesday that decisions like demonetization were taken without fear or hesitation, asserting that his government is not afraid of taking "big and tough" decisions in the interest of the country.

In its annual report, the RBI had disclosed that almost 99% of the scrapped currency notes have come back into the system.

The government said that it had expected all the annulled currency to be returned, in line with the latest RBI data.

Indians have returned almost all of the estimated Rs 15.44 lakh crore ($242 billion) in currency banned by Prime Minister Narendra Modi in a shock move in November, the Reserve Bank of India (RBI) said in its annual report on Wednesday. The Finance Ministry, in a statement, said a "significant portion" of it could be black money. The tax authoritie...

The panel would submit its report on demonetisation during the Monsoon Session of Parliament starting on July 17.

Cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14, the statement said.