Tag: RBI

Rs 200 notes to be issued on Friday: RBI

Rs 200 notes to be issued on Friday: RBI

The new Rs 200 notes will be in circulation from Friday, the Reserve Bank of India (RBI) announced on Thursday. The Rs 200 denomination banknote in the Mahatma Gandhi (New) series will bear the signature of RBI Governor Urjit R. Patel and will be initially issued by select RBI offices[Read More…]

Rs 200 notes to hit market by Deepawali

Rs 200 notes to hit market by Deepawali

The finance ministry had given the go-ahead to print Rs 200 notes in July. It was also said that the Rs 2,000 were no longer being printed in a bid to push more of the Rs 200 notes into the market. Rs 200 note will be smaller in size and[Read More…]

GST to reduce tax burden: Urjit Patel

On Thursday, the Reserve Bank Governor Urjit Patel said that to be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term. “The prudent point is that GST itself[Read More…]

Uttar Pradesh: Notes worth Rs 4.26 lakh with same serial numbers dispensed from 5 ATMs

75 per cent currency back in circulation: RBI

Post the demonetisation move that came with its fair set of pros and cons, the market is back to running on currency notes now. But only 75 per cent of the currency is back in circulation, as per a recent statistical data released by the Reserve Bank of India( RBI).[Read More…]

RBI to set up panel to review its economic capital framework

RBI to issue new ₹5 and ₹10 coins

The Reserve Bank of India is soon to issue new Rs 10 and Rs 5 coins to honor the 125th year of National Archives of India. In order to celebrate the 150th anniversary of Allahabad High Court, the central bank will put new Rs 5 coins into circulation. As per[Read More…]

No plans to introduce Rs 1,000 notes, says government

The government has no intentions of introducing new currency of Rs 1000 denomination, confirmed economic affairs secretary Shaktikanta Das in a tweet. He also added that he added that government is rather focusing on the production and supply of Rs 500 currency notes and those of lower denomination. In a[Read More…]

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