Bank Notes

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  PM Modi Defends Notes Ban, Announces Incentives

  PM Modi had pledged that conditions would improve by the end of the year, but Indians have had to queue outside banks for hours to deposit old money or withdraw limited amounts of new notes.

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  Labour Ministry Says Over 13.76 Lakh Bank Accounts Opened Since November 26

  Mr Dattatreya on Wednesday met Finance Minister Arun Jaitley and urged him to issue more and more lower denomination notes - Rs 10, Rs 20, Rs 50 and Rs 100) in large numbers, as this will be beneficial to the large number of workers, the Labour Ministry said.

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  Banks Must Keep Deposits Record Of Scrapped, Valid Notes, Says Government

  The Finance Ministry asked that "maintenance of records regarding deposit of Specified Bank Note (SBN) and Non-SBN, as the case may be, is essential both in the bank record as well as the customers record".

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  Finance Minister Arun Jaitley Hints Not All Scrapped Currency Will Be Remonetised

  As many as 17,165 million pieces of Rs 500 denomination and 6,858 million pieces of Rs 1,000 banknotes were in circulation on November 8 when the government made the surprise announcement.

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  Here's How Much It Costs The RBI To Print New 500 And 2,000 Rupee Notes

  A new Rs 500 note costs Rs 3.09 to print, while the magenta 2,000 rupee note costs Rs 3.54, the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), which prints currency notes, has said.

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  Ordinance To Nullify Government and RBI Liability On Demonetised Notes

  In 1978, a similar ordinance was issued to end the government's liability after Rs 1,000, Rs 5,000 and Rs 10,000 notes were demonetised by the Janata Party government under Morarji Desai.

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  Tax Department Not To Hound Small Depositors: Arun Jaitley

  Assuring people that taxman will not hound those making small deposits in scrapped Rs 500/1,000 currency, Finance Minister Arun Jaitley advised them not to throng banks as there is enough time to exchange the junked notes.

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  No Need To Be Anxious, Enough Cash Available: RBI

  There was little respite for cash-starved people queuing up outside banks and ATMs on Sunday, with branches witnessing unprecedented rush since early morning.

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  Note Ban Has Led To 'Financial Chaos', Say Bank Unions

  Two leading bank unions on Monday criticised the government over demonetisation of Rs 500 and Rs 1,000 notes, saying the move has led to "financial chaos" across the country.

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  Note Ban Has Led To 'Financial Chaos', Say Bank Unions

  Two leading bank unions on Monday criticised the government over demonetisation of Rs 500 and Rs 1,000 notes, saying the move has led to "financial chaos" across the country.

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  Government Should Hire Ex-Bank Staff Massively: Assocham

  Government should hire retired bank employees on a massive scale for a speedy currency swap and cash withdrawal in the wake of junking of big denomination currency notes, industry body Assocham said.

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  Demonetisation Could Knock Off 1-3% From GDP Growth: Economists

  GDP growth rate could take a knock of around 1 per cent to 3 per cent (or 100 to 300 basis points), in the next two quarters.

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  Demonetisation Could Knock Off 1-3% From GDP Growth: Economists

  GDP growth rate could take a knock of around 1 per cent to 3 per cent (or 100 to 300 basis points), in the next two quarters.

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  RBI Clarifies After Reports Say Rs 15 Lakh Crore Old Notes Deposited

  Neither the RBI nor the government has come out with an official estimate of the old notes deposited in the banking system after the deadline ended on December 30.

• RBI to Issue Rs 10 Notes in Mahatma Gandhi Series Soon

  The Reserve Bank of India (RBI) on Tuesday said it will shortly issue bank notes in Rs 10 denomination in the Mahatma Gandhi Series-2005.