Banned Notes
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All Stories for Banned Notes
Demonetisation: Why are RBI, govt mum on banned notes floating in other countries, currency exchanges?
Dinesh Unnikrishnan123 •It is the duty of the government and the monetary authority of a country to fulfill the promise given to the holder of currency notes that their value will be protected
Demonetisation: No information on amount of black money extinguished, RBI tells Parliamentary panel
•The Reserve Bank said it has "no information" whether demonetisation is being planned to be implemented at regular intervals.
Demonetisation: Govt scrambles for defence as criticism mounts after RBI data on banned notes
•The finance ministry rushed out a lengthy statement detailing the positive impacts, including improved tax collection, a widening of the tax base and new information on possible tax evaders.
Urjit Patel on counting banned notes: Staff working round the clock but process still on
•Members of Parliament Standing Committee on Finance, who questioned Urjit Patel, are dissatisfied that he could not yet give a conclusive figure.
Notes ban kicks in from 1 April: Don't hold more than 10 notes of Rs 500, Rs 1000 from tomorrow , it's illegal
Fp Staff •The deadline to exchange the notes for people other than NRIs had ended on 31 December itself
Demonetisation: Urjit Patel says RBI pumped in Rs 9.2 lakh cr of new notes
•The Parliamentary panel will summon Patel again after the upcoming parliament session.
In his first address, Urjit Patel asks staff to guard RBI reputation
•Some of Patel's predecessors including D Subbarao, Y V Reddy, Bimal Jalan, and Manmohan Singh, criticised the apex bank for not doing enough to reassure the public in the wake of currency invalidation exercise.
Demonetisaton: Over Rs 11 lakh cr deposits enter banking system till Nov 30, CNBC-TV18 says
Fp Staff •This means, Rs 11 lakh crore entering into the banking system till 30 November represents 80 percent of the total banned currencies
Note ban: Nepal's central bank deems new Indian currencies of Rs 500, 2,000 'illegal' for now
Ians •The Nepal Rastra Bank said the new Indian notes, which have appeared in border areas dues to the open border, cannot be exchanged until India accords approval
Demonetisation has hit Kollywood hard: Why the Tamil film industry is struggling to cope
Sreedhar •Prime minister Narendra Modi's demonetisation drive has hit the cash-dependent Tamil film industry hard. Why Kollywood — unlike Bollywood — is struggling to cope: