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CURRENCY RECIRCULATION
India’s foreign exchange reserves rise for a second week, pace easesThe foreign exchange reserves of Asia's third largest economy rose $2.54 billion to $547.25 billion for the week ending Nov 18, according t...- RBI asks banks to accept coins of all denominations from publicThe regulator recommended the use of polythene sachets of Rs 100 each to make the process of accepting coins more convenient for the financ...
- The Rs 2000 question: Where have the pink notes gone?Supply of new notes from RBI has plummeted in recent weeks leading to speculation it could be a deliberate ploy to restrict the flow of hig...
- Note ban: Normalcy restored to a large extent, says Arun JaitleyOn reaction to former Finance Minister P Chidambaram comment, Jaitley said "I would like to learn that economics where lower GDP leads to h...
- FM cites tax collection rise to target critics of note banJaitley said the critical part of the remonetisation was over and things should improve in the coming weeks and months.
- Economy safe, no cash chaos, FM says on last day of demonetisationAs a counter, he also cited increase in direct taxes, excise duty, service taxes, custom duty, investments in mutual funds, increase in air...
- Longer queues at branches as new deposit restrictions kick inThe RBI imposed stiff restrictions on depositing more than Rs 5,000 in old notes. It can be deposited only once per account till December 3...
- Limits on drawing money not permanent: RBIAddressing the media after the fifth bi-monthly monetary policy review, RBI Governor Urjit Patel said there will be restrictions only durin...
- Demonetisation not done in haste, says RBI Governor Urjit PatelRBI Deputy Governor R Gandhi said that almost Rs 11.85 lakh crore in the scrapped Rs 500/1000 notes have come back to the banking system.
- On first payday after demonetisation, banks run out of cash within hours and ATMs dry upAs banks ran out of notes, people waited at ATMs but struck out there too as supplies to cash dispensers were down to a fifth of required l...
- Demonetisation: Government introduces indelible ink to stop multiple currency exchanges in bankShaktikanta Das appealed to religious institutions to deposit smaller denomination currency which they have received as a part of donation.
- Soiled notes meant for RBI find their way back to aam aadmi via some banksAs currency shortage deepens across the country, some banks have resorted to a desperate move wherein they are re-circulating soiled notes ...
- Railways repair delays put lives at risk: CAGCAG slammed railways for the delay in sanctioning and completing repair work in old bridges, saying it "posed a threat to human lives."
- CAG pulls up railways over receipt of fake currency notesPulling up the Railways for receiving fake currency notes of the face value of Rs 92.33 lakh during the last five years, the Comptroller an...
- Counterfeiters lapping up Rs 100, 1,000 bills: RBIDetection of Rs 100 denomination fake notes increased by 10,000 pieces during the fiscal to 1.18 lakh pieces, the RBI said in its recently ...
- Banks to continue accepting scribbled notes, says RBIBanks will continue to accept currency notes with scribbling, RBI said, dismissing rumours that it has stopped banks from accepting such no...
- Concern in Lok Sabha over ATMs dispensing fake notesConcern was expressed over growing instances of counterfeit notes being dispensed by ATMs, with a member demanding that those running these...
- RBI to review banks' mechanism to detect fake notes next monthRBI said it will review the status of implementation of instructions for authentication of notes by banks in the first week of Nov.
- RBI tells banks to stop re-circulation of soiled notesSoiled notes may soon be a thing of past as the Reserve Bank has asked all bank branches handling large amounts of currency to put in place...
- No more tears: RBI scraps staple diet for notesTHERE’S good news for bank customers, fed up with torn currency notes and bruised fingers as they struggled to unstaple bill bundles. The R...
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