Diabytes
Rs 1000 notes News
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RBI governor says there's no concrete plan regarding bringing Rs 1,000 denomination notes.
He says, "that's speculative".
Banks will start exchanging or depositing Rs 2000 notes from tomorrow.
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9.72 lakh persons have deposited Rs 2.89 lakh crore in 13.33 lakh accounts post demonetisation, the I-T department said.
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Talking about return of 99 percent of junked currency into banking system, Jaitley said that money has now been identified with its owner.
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It also said that barring Rs 100, the detection of counterfeit notes increased across denominations - notably, Rs 500 and Rs 1,000 -- during the last fiscal.
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The Reserve Bank revealed in its annual report for 2016-17 that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44-lakh-crore scrapped currency notes, had come back to the central bank between the government’s demonetisation decision and June 30, 2017.
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The Union government on November 8 last year had demonetised high-value Rs 1,000 and Rs 500 notes, and asked citizens to get them exchanged at the RBI by March 31, 2017.
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A day after reports about Rs 1000 notes coming into circulation surfaced, Secretary Economic Affairs Shaktikanta Das has refuted the view.
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Australian government has advised its citizens travelling to India to ensure their trip is planned in such a way so as not to depend on the availability of cash, claiming that some visitors are facing difficulties in exchanging 100 dollar notes in India after demonetisation.
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The Reserve Bank on Wednesday said banks have issued currency worth over Rs 5.92 lakh crore to the public since the demonetisation of old high value notes last month.
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RBI has decided to place certain restrictions on deposits of old Rs 500 and Rs 1000 notes into bank accounts.
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The United States of America on Wednesday described the Indian government's demonetisation drive as "an important and necessary step" to crack down on "corruption and tax dodging”.
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The shredded old currency notes will be tossed with fine wood chips and then passed through a heavy press.
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The Reserve Bank of India said that it will continue to exchange of old Rs 500 and Rs 1,000 notes only at RBI counters.
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Police said if the money was found to be of Naxals, legal action will be taken against the bank account holders.
There are about two million Nepalis living in New Delhi only.
Cash worth nearly Rs 73 lakh in now defunct denominations of Rs 1,000 and Rs 500 was seized from two cars in the district, police said on Thursday.
The District Authorities have decided that families can avail Rs 24,000 from their bank accounts to prepare for the upcoming weddings of their kin during this month.
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The Narendra Modi government is trying hard to dispel myths.
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After the government banned old Rs 500 and Rs 1,000 notes, gold and bullion are said to be favoured route for laundering of ill-gotten wealth.
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