On Monday, the Centre told the Supreme Court that it cannot give any more time to deposit old demonetised notes. It refused to grant any more time to those people who could not deposit old Rs 500 and Rs 1000 notes by the December 30, 2016, deadline. The Union finance[Read More…]
Tag: Notes
Demonetised notes worth Rs 46.5 lakh seized in UP
Finance Ministry confident that situation will normalise in 2-3 weeks
The Finance Ministry sounded confident on Thursday over the supply of new currency notes, claiming that the situation will considerably improve in the next 2-3 weeks. It also asked the RBI and banks to ‘countercheck’ the data regarding deposit of now-defunct currency notes to ensure there is no double counting.[Read More…]
IAF pulled in for help to quickly deliver newly printed notes
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, reports PTI. The[Read More…]
Choas expected as demonetised notes no more legal tender from tonight; Govt may give extension
With the deadline for using old ₹500 and ₹1000 notes for utilities and railway reservation ending tonight, an increase in the chaos, which has been seen at various places for the last 15 days, is expected. However, if sources to believed, the government may give extension to the usage of[Read More…]
Parking fee at Airports waived for a week: Govt
Government on Monday said parking charges at airports across country are being waived till the midnight of November 21, as people continue to face difficulties in tendering change following the demonetisation of Rs 500 and Rs 1,000 notes. The directive would be applicable on both Airports Authority of India (AAI)[Read More…]
Banks closed on Guru Nanak Jayanthi; queues get longer at ATMs
Cash-strapped people started making beeline outside ATMs from early morning on Monday but with limited success as most of cash vending machines are running dry and banks remained closed in many parts of the country due to Guru Nanak Jayanthi. Scuffle and heated exchanges were reported from ATMs and banks[Read More…]
Demonetisation: People loot ration stores, pelt stones on banks, collapse
In view of demonetization, the government has extended working hours of banks and claimed that inconvenience is temporary but the condition on the ground is worst as cash-strapped people looted ration stores, pelted stones on banks and some of them collapsed out of exhaustion and stress across the country. Following[Read More…]
Except design, nothing changed in new notes: official
Putting speculations to rest, an official on Friday said no new security features has been added to newly designed currency note ₹ 2000 . “Since the decision to introduce the new notes was taken only six months ago, there was no time to alter the security features. Only the design[Read More…]
People point out typos on new currency notes
As soon as people got their hands on the new notes, a lot of them started pointing out an apparent typo in it and circulated images on social media. On November 8, it was announced that all ₹500 and ₹1,000 notes would be considered illegal currency in India, and that[Read More…]
Put Bose’s image on currency: Netaji Kin
Family members of Netaji Subhash Chandra Bose have appealed to Prime Minister Modi that Bose’s image must also be used in new notes. They say it has been a long standing request which went unnoticed during and the previous Congress regime. “The demand to have Netaji Subhash Chandra Bose’s photograph on[Read More…]
Don’t panic, your hard earned money is safe: Govt
Finance Ministry on Friday said there is no need to panic and depositing junked ₹ 500 or 1,000 notes of up to ₹ 2.50 lakh in bank accounts will not be reported to the tax department. It also cautioned people against depositing the money of unknown people in their own[Read More…]
Tragic! Senior citizen dies while waiting in line to exchange currency notes
In a tragic incident, a 73-year-old man, who was standing in a queue to exchange his old currency notes, collapsed and died in suburban Mulund on Friday afternoon, police said. Vishwanath Vartak, a senior citizen, was standing in a queue outside a branch of the State Bank of India in[Read More…]
PM loses 3 lakh twitter followers post demonetization
A day after Prime Minister announced the withdrawal of Rs 500 and Rs 1,000 notes from circulation, he lost over 3 lakh followers on twitter. On Nov 8th, Modi, in a shock announcement, ordered the withdrawal designed to tackle widespread corruption and tax evasion. Following the announcement, on 9 November,[Read More…]