Shortage Of 500 Notes

Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.

The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.

In many states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana, the ATMs are either not working or out of cash. People all across India including Delhi are tweeting about it. The reports of cash crunch at ATMs have brought back memories of November 2016, when Prime Minister Narendra Modi, in ...

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...

Prime Minister Narendra Modi in a televised address on New Year's eve, said his abrupt decision to cancel high-denomination notes last month has dealt "a serious blow" to black money, terror-financing and tax evasion. Defending his demonetisation drive, PM Modi, in a 45-minute speech delivered first in Hindi and then English, said, "There is no pre...

The next real test of the cash shortage fallout will be held through the five assembly elections, including most populous state Uttar Pradesh, expected by April.

Disruption in the economy was inevitable after this step, taken as India aspires to have become a $10 trillion economy, said a statement by industry body Ficci, quoting Mr Kant.

Following the demonetisation disaster, the BJP government has been undertaking a propaganda war on its citizens, determined to prove that demonetisation and the currency shortage are being welcomed across the country. This is a make-believe world, inhabited by BJP politicians and spokespersons, who have no idea of life outside the Lutyens' Delhi sh...

With the members of both the Opposition and treasury bench expressing concern in the Assembly over the difficulties faced by the people due to demonetisation, the Odisha government on Friday said there was "acute shortage" of Rs 100 and Rs 500 currency notes in the state.

While the month since 500 and 1,000-rupee notes were scrapped has been difficult for millions of people across India in Manipur, already reeling under a protest that has inflamed the price of essential commodities, it has been especially trying.

Nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines even as millions of people continue to face acute cash shortages in the aftermath of demonetisation last month.

The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...

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.

Distressed over shortage of funds for his daughter's marriage, a 45-year-old Dalit man allegedly committed suicide by hanging himself at his residence in Rajkot early this morning, police said.

The shortage of hard cash, ever since the government announced banning of old Rs 500 and 1,000 notes, has also had an impact on farmers in Karnataka's Kolar region - an area well-known for its tomatoes.

Non-availability of ink has resulted in a halt in printing of Rs 200 and Rs 500 denomination banknotes at the Currency Note Press in Nashik, an employees' union leader claimed today.

The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.

In many states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana, the ATMs are either not working or out of cash. People all across India including Delhi are tweeting about it. The reports of cash crunch at ATMs have brought back memories of November 2016, when Prime Minister Narendra Modi, in ...

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...

Prime Minister Narendra Modi in a televised address on New Year's eve, said his abrupt decision to cancel high-denomination notes last month has dealt "a serious blow" to black money, terror-financing and tax evasion. Defending his demonetisation drive, PM Modi, in a 45-minute speech delivered first in Hindi and then English, said, "There is no pre...

The next real test of the cash shortage fallout will be held through the five assembly elections, including most populous state Uttar Pradesh, expected by April.

Disruption in the economy was inevitable after this step, taken as India aspires to have become a $10 trillion economy, said a statement by industry body Ficci, quoting Mr Kant.

Following the demonetisation disaster, the BJP government has been undertaking a propaganda war on its citizens, determined to prove that demonetisation and the currency shortage are being welcomed across the country. This is a make-believe world, inhabited by BJP politicians and spokespersons, who have no idea of life outside the Lutyens' Delhi sh...

With the members of both the Opposition and treasury bench expressing concern in the Assembly over the difficulties faced by the people due to demonetisation, the Odisha government on Friday said there was "acute shortage" of Rs 100 and Rs 500 currency notes in the state.

While the month since 500 and 1,000-rupee notes were scrapped has been difficult for millions of people across India in Manipur, already reeling under a protest that has inflamed the price of essential commodities, it has been especially trying.

Nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of the machines even as millions of people continue to face acute cash shortages in the aftermath of demonetisation last month.

The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...

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.

Distressed over shortage of funds for his daughter's marriage, a 45-year-old Dalit man allegedly committed suicide by hanging himself at his residence in Rajkot early this morning, police said.

The shortage of hard cash, ever since the government announced banning of old Rs 500 and 1,000 notes, has also had an impact on farmers in Karnataka's Kolar region - an area well-known for its tomatoes.