Rs 1000 Notes
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No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
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Modi's Flop Speech Rounded Off His Flop Year, More To Come
Did Modi's New Year's Eve speech - a flop speech to climax a flop year - mark the End of the Beginning or the Beginning of the End? Mamata Banerjee had the answer. She tweeted: "End of Demonetization. Start of DeModitization"!
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PM Modi's Speech On Notes Ban Tomorrow, Last Day To Turn In Notes Today
The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...
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Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
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For Banned Notes Over Rs 10,000, New Rules Propose Fine Of 50,000 Or More
The government is planning an ordinance or executive order to bring a new law under which possessing, transferring or receiving an amount of over Rs 10,000 in banned 500 and 1,000-rupee notes will be a punishable offence. The maximum number of banned notes, of any denomination, that a person will be allowed to have is 10.
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Well, Folks, Black Money Is Back. What Went Wrong.
Black is back - and with a bang, not a whimper. And whatever else demonetization was meant to do, it has not succeeded in removing black money. In fact, it has alarmingly few successes to show.
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Notes Ban: In Uttar Pradesh Town, Only One ATM In 53 Is Working
The cash crunch in the aftermath of the government's ban on Rs 500 and Rs 1,000 notes is bad enough in metros with block-long queues. But how bad is it in the small towns of India? Deep in eastern Uttar Pradesh, in Vindhyachal and Mirzapur, NDTV did a reality check. And the results were staggering.
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Centre To Amend RBI Act To Annul Old 500, 1000 Rupee Notes
The government is likely to amend the Reserve Bank of India Act to extinguish the validity of Rs 500 and Rs 1,000 printed before November 9 and a reference to this effect would be made in the upcoming Budget.
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Rs 90 Crore Cash, 100 Kg Gold Found In Income Tax Raids In Chennai
The officials of the Income Tax department raided the homes of jewellers and sand miners in Chennai and recovered gold and Rs. 90 crore in cash. Raids have been conducted at eight places in the city, sources said.
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After Shiv Sena's Stance On Currency Ban, Two Key Meetings In Delhi
Shiv Sena chief Uddhav Thackeray is in Delhi. Among his engagements - a wedding to attend and meetings with Home Minister Rajnath Singh, the man who had made a call to Matoshree recently, and finance minister Arun Jaitley.
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50 Banks Under Investigation After Allegations Of Money Laundering
On the heels of allegations of bank officials being involved in largescale money laundering across the country, the Enforcement Directorate is examining the documents of at least 50 banks to determine if there is any truth in the charges.
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In A First, 5 Lakhs For Family Of Woman Who Burnt Herself After Days In Bank Queue
On November 22, a mother of four set herself on fire after spending three days in a bank queue to swap six banned currency notes in Uttar Pradesh's Aligarh town. The state government has announced Rs 5 lakh compensation for her family, making it the first death officially linked to the currency ban announced last month.
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Queues, Chaos At Banks After Cash Ban Brings Former Bankers Back To Work
Four retired bankers have been volunteering at the Lajpat Nagar branch of Punjab National Bank since November 15. They have been helping with crowd management, counselling people not to panic and cash disbursal.
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Enforcement Directorate Arrests 2 Private Bank Officers In Money Laundering Probe
The Enforcement Directorate has arrested two officials of a private bank in the capital in connection with its money laundering probe for alleged irregularities in the conversion of old currency and supply of new notes leading to black money generation.
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What Queues? In Jammu And Kashmir, Business As Usual After Notes Ban
The sight of long queues at banks and ATMs across the country after the notes ban is missing in Jammu and Kashmir, where there are more bank accounts than people.
-
No Rs 1,000 Comeback Yet. Don't Overdraw From ATMs, Urges Top Bureaucrat Shaktikanta Das
The government has no plans to introduce 1,000-rupee notes - abolished last year - but is focusing on ramping up production of 500-rupee and other lower denomination notes, Economic Affairs Secretary Shaktikanta Das tweeted today, scotching rumours that currency printing presses had started printing a new version of the Rs 1,000 note.
-
Modi's Flop Speech Rounded Off His Flop Year, More To Come
Did Modi's New Year's Eve speech - a flop speech to climax a flop year - mark the End of the Beginning or the Beginning of the End? Mamata Banerjee had the answer. She tweeted: "End of Demonetization. Start of DeModitization"!
-
PM Modi's Speech On Notes Ban Tomorrow, Last Day To Turn In Notes Today
The deadline to submit invalid 500- and 1,000-rupee notes ends today. The RBI has asked banks to submit details of the deposits made in the outlawed currency. It is estimated that more than 90% of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. H...
-
Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
-
For Banned Notes Over Rs 10,000, New Rules Propose Fine Of 50,000 Or More
The government is planning an ordinance or executive order to bring a new law under which possessing, transferring or receiving an amount of over Rs 10,000 in banned 500 and 1,000-rupee notes will be a punishable offence. The maximum number of banned notes, of any denomination, that a person will be allowed to have is 10.
-
Well, Folks, Black Money Is Back. What Went Wrong.
Black is back - and with a bang, not a whimper. And whatever else demonetization was meant to do, it has not succeeded in removing black money. In fact, it has alarmingly few successes to show.
-
Notes Ban: In Uttar Pradesh Town, Only One ATM In 53 Is Working
The cash crunch in the aftermath of the government's ban on Rs 500 and Rs 1,000 notes is bad enough in metros with block-long queues. But how bad is it in the small towns of India? Deep in eastern Uttar Pradesh, in Vindhyachal and Mirzapur, NDTV did a reality check. And the results were staggering.
-
Centre To Amend RBI Act To Annul Old 500, 1000 Rupee Notes
The government is likely to amend the Reserve Bank of India Act to extinguish the validity of Rs 500 and Rs 1,000 printed before November 9 and a reference to this effect would be made in the upcoming Budget.
-
Rs 90 Crore Cash, 100 Kg Gold Found In Income Tax Raids In Chennai
The officials of the Income Tax department raided the homes of jewellers and sand miners in Chennai and recovered gold and Rs. 90 crore in cash. Raids have been conducted at eight places in the city, sources said.
-
After Shiv Sena's Stance On Currency Ban, Two Key Meetings In Delhi
Shiv Sena chief Uddhav Thackeray is in Delhi. Among his engagements - a wedding to attend and meetings with Home Minister Rajnath Singh, the man who had made a call to Matoshree recently, and finance minister Arun Jaitley.
-
50 Banks Under Investigation After Allegations Of Money Laundering
On the heels of allegations of bank officials being involved in largescale money laundering across the country, the Enforcement Directorate is examining the documents of at least 50 banks to determine if there is any truth in the charges.
-
In A First, 5 Lakhs For Family Of Woman Who Burnt Herself After Days In Bank Queue
On November 22, a mother of four set herself on fire after spending three days in a bank queue to swap six banned currency notes in Uttar Pradesh's Aligarh town. The state government has announced Rs 5 lakh compensation for her family, making it the first death officially linked to the currency ban announced last month.
-
Queues, Chaos At Banks After Cash Ban Brings Former Bankers Back To Work
Four retired bankers have been volunteering at the Lajpat Nagar branch of Punjab National Bank since November 15. They have been helping with crowd management, counselling people not to panic and cash disbursal.
-
Enforcement Directorate Arrests 2 Private Bank Officers In Money Laundering Probe
The Enforcement Directorate has arrested two officials of a private bank in the capital in connection with its money laundering probe for alleged irregularities in the conversion of old currency and supply of new notes leading to black money generation.
-
What Queues? In Jammu And Kashmir, Business As Usual After Notes Ban
The sight of long queues at banks and ATMs across the country after the notes ban is missing in Jammu and Kashmir, where there are more bank accounts than people.
