Rbi Demonetisation
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Rs 2,000 Notes Worth Rs 5,817 Crore Still In Circulation: RBI
The high-value Rs 2,000 notes worth Rs 5,817 crore are still in circulation, according to the Reserve Bank data released on Saturday.
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Praising Notes Ban, RBI's Gurumurthy Says Economy Would Have Collapsed
Ahead of next week's crucial board meeting of RBI, the central bank's independent director and RSS ideologue S Gurumurthy Thursday made a case for calibration of its massive Rs 9.6 lakh crore reserves, saying no central bank in the world maintains such high levels of surplus.
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RBI Refuses To Share Cost Of Scrapping Demonetised Notes: RTI
The RBI has declined to reveal the cost incurred on scrappingbanned currency notes worth Rs 15,31,073 crore which returned to banks following demonetisation, an RTI activist said, citing a response from the central bank.
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Currency With Public Reaches Rs 18.5 Lakh Crore: RBI Data
Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.
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RBI Explains What It Is Doing With Banned Rs 500 And 1,000 Notes
Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disposed off through a tendering process, the RBI has said.
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In RTI Reply, RBI Says 'No Machines Used' To Count Demonetised Notes Worth 15.28 Lakh Crore
The Reserve Bank of India or RBI has said counting machines are "not being used" for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, according to an RTI reply.
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Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
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RBI Processing Old Notes To Verify Numerical Accuracy: Arun Jaitley
The old Rs 500 and Rs 1,000 notes are being reconciled and processed by the Reserve Bank of India or RBI for verifying numerical accuracy and authenticity, and the progress is being closely monitored, Finance Minister Arun Jaitley said today
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New Rs 500 Notes To Have Inset Letter 'A', Says RBI
The Reserve Bank of India further said the design of the new Rs 500 notes is similar in all respects to those belonging to the Mahatma Gandhi (New) Series.
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RBI Governor Urjit Patel To Appear Before Parliamentary Panel On July 6
Reserve Bank of India's Governor Urjit Patel will, on July 6, appear before a parliamentary panel which has called him for the fourth time to discuss the Centre's demonetisation move. On two previous occasions, the RBI governor sought exemption saying that he was occupied with the monetary policy.
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RBI Governor Urjit Patel To Brief Parliamentary Panel On Notes Ban Tomorrow
RBI Governor Urjit Patel will brief a parliamentary panel tomorrow about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch. Representatives of the Finance Ministry, including the department of Economic Affairs, Financial Services and Revenue will also brief the members of the Standing...
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How Much Black Money, Asks Opposition As Notes Ban Data Still Missing
The opposition has criticised the centre for not releasing data on how much of the banned 500 and 1,000 notes are back in the banking system, eight days after the deadline to deposit old notes in banks expired.
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RBI May Have Received Rs 15 Lakh Crore Deposits Of Old Notes
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
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In Reply To RTI Query, RBI Refuses To Disclose Deliberations Of Its Board On Notes Ban
The Reserve Bank of India has refused to allow access to minutes of meetings held to decide on the issue of demonetisation of Rs 1,000 and Rs 500 notes announced by Prime Minister Narendra Modi on November 8.
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RBI Wants CCTV Footage From Banks After Notes Ban To Spot Currency Hoarders
RBI has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes post demonetisation.
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Rs 2,000 Notes Worth Rs 5,817 Crore Still In Circulation: RBI
The high-value Rs 2,000 notes worth Rs 5,817 crore are still in circulation, according to the Reserve Bank data released on Saturday.
-
Praising Notes Ban, RBI's Gurumurthy Says Economy Would Have Collapsed
Ahead of next week's crucial board meeting of RBI, the central bank's independent director and RSS ideologue S Gurumurthy Thursday made a case for calibration of its massive Rs 9.6 lakh crore reserves, saying no central bank in the world maintains such high levels of surplus.
-
RBI Refuses To Share Cost Of Scrapping Demonetised Notes: RTI
The RBI has declined to reveal the cost incurred on scrappingbanned currency notes worth Rs 15,31,073 crore which returned to banks following demonetisation, an RTI activist said, citing a response from the central bank.
-
Currency With Public Reaches Rs 18.5 Lakh Crore: RBI Data
Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data.
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RBI Explains What It Is Doing With Banned Rs 500 And 1,000 Notes
Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disposed off through a tendering process, the RBI has said.
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In RTI Reply, RBI Says 'No Machines Used' To Count Demonetised Notes Worth 15.28 Lakh Crore
The Reserve Bank of India or RBI has said counting machines are "not being used" for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, according to an RTI reply.
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Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
-
RBI Processing Old Notes To Verify Numerical Accuracy: Arun Jaitley
The old Rs 500 and Rs 1,000 notes are being reconciled and processed by the Reserve Bank of India or RBI for verifying numerical accuracy and authenticity, and the progress is being closely monitored, Finance Minister Arun Jaitley said today
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New Rs 500 Notes To Have Inset Letter 'A', Says RBI
The Reserve Bank of India further said the design of the new Rs 500 notes is similar in all respects to those belonging to the Mahatma Gandhi (New) Series.
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RBI Governor Urjit Patel To Appear Before Parliamentary Panel On July 6
Reserve Bank of India's Governor Urjit Patel will, on July 6, appear before a parliamentary panel which has called him for the fourth time to discuss the Centre's demonetisation move. On two previous occasions, the RBI governor sought exemption saying that he was occupied with the monetary policy.
-
RBI Governor Urjit Patel To Brief Parliamentary Panel On Notes Ban Tomorrow
RBI Governor Urjit Patel will brief a parliamentary panel tomorrow about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch. Representatives of the Finance Ministry, including the department of Economic Affairs, Financial Services and Revenue will also brief the members of the Standing...
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How Much Black Money, Asks Opposition As Notes Ban Data Still Missing
The opposition has criticised the centre for not releasing data on how much of the banned 500 and 1,000 notes are back in the banking system, eight days after the deadline to deposit old notes in banks expired.
-
RBI May Have Received Rs 15 Lakh Crore Deposits Of Old Notes
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
-
In Reply To RTI Query, RBI Refuses To Disclose Deliberations Of Its Board On Notes Ban
The Reserve Bank of India has refused to allow access to minutes of meetings held to decide on the issue of demonetisation of Rs 1,000 and Rs 500 notes announced by Prime Minister Narendra Modi on November 8.
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RBI Wants CCTV Footage From Banks After Notes Ban To Spot Currency Hoarders
RBI has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes post demonetisation.
