Since the Union government withdrew Rs 500 and Rs 1,000 notes from midnight on 8 November, banks have been flush with cash, primarily on account of people depositing now-invalid notes in their bank accounts. With the country’s largest lender, State Bank of India, itself having collected Rs 1.27 trillion in cash deposits in the first […]
India
Polling begins for bypolls in Tamil Nadu, Puducherry, West Bengal
Chennai/Kolkata – INDIA, 19 Nov 2016: The polling for three Tamil Nadu assembly constituencies — Thirupparankundram, Aravakkurichi and Thanjavur — and the lone Nellithope constituency in Puducherry began at 7 a.m. on Saturday. In Tamil Nadu, nearly 7.54 lakh voters are expected to exercise their vote and decide the fate of 81 candidates in the […]
Demonetisation: RBI incapable of printing Rs 500 notes in 2 months, says Randeep Singh Surjewala
New Delhi – INDIA, 17 Nov 2016: Senior Congress leader and party spokesperson Randeep Singh Surjewala on Thursday launched a scathing attack on Narendra Modi government for failing in the demonetisation process, which has caused a cash crunch across India. Surjewala said that the Reserve Bank of India’s printing press have the capacity to print […]
Demonetisation- What the Bollywood Stars say for
The demonetisation move by Prime Minister Narendra Modi took the country by surprise, but a large section, including the Hindi film industry, endorses the brave decision. Aamir Khan, whose film Dangal is all set to hit the theaters this December, stated that he would not mind if the business of his film gets affected by […]
About Rs 2 lakh cr deposited in banks till Saturday afternoon: Jaitley
New Delhi, Nov 12 : Union Finance Minister Arun Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following the demonetisation of Rs 500 and Rs 1,000 notes. “The largest banker in the country State Bank of India (SBI) saw deposits of Rs 47,868 […]
What Can the Public Do With 500 And 1,000 Rupee Notes
NEW DELHI, INDIA : To stop the spread of counterfeit notes, which is aiding terror activities from across the border, and flush out black money, the government has decided to scrap the notes of Rs. 500 and Rs. 1000, Prime Minister Narendra Modi said on Tuesday. Starting midnight, these notes will only be “worth the […]
This is what the new Rs 500 and Rs 2,000 notes look like
New Delhi, INDIA: Prime Minister Narendra Modi announced today that the Rs 500 and Rs 1,000 notes will be pulled out of circulation from midnight. He also announced that the new notes of Rs 500 and Rs 2,000 would be printed soon and the Reserve Bank of India had approved of the same. The RBI […]