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JUNK NOTES
Default risk for Indian firms drops at fastest pace in decadeDefault risks for Indian firms are declining at the fastest pace in more than a decade.- 15 months after note ban, RBI still processing returned notesThe RBI said the scrapped notes were being processed for their arithmetical accuracy and genuineness and the reconciliation for the same wa...
- UP: Rs 100 crore in junk notes leave cops puzzledSuperintendent of police (East) Anurag Arya said that police, after collecting concrete evidence against the accused, would move court to s...
- No information on how much black money removed by note ban: RBI to parliamentary panelRBI has been facing flak for demonetisation and delay in disclosing figures, while the govt has maintained that note ban has helped in curb...
- Congress asks if RBI deliberately slowed counting of junked notes"I think this must be the slowest exercise by the RBI. But I would compliment the RBI, the RBI is not so slow, unless it is deliberately sl...
- Demonetisation Part II: Modi's black money elimination drive has just begunProject Demonetisation is not over with the mere return of junked notes. The most important part begins now, or has already begun.
- Shame on RBI, says P Chidambaram on junked note figures; Congress seeks PM's apologyFormer finance minister P Chidambaram used Reserve Bank data to lash out saying, “Shame on RBI,” as 99% junked currency has returned.
- RBI skips June 30 asset liability nos, to be announced laterThis is probably for the first time, RBI in its Weekly Statistical Supplement has not come out with the figures for week ended June 30.
- Government asks banks to deposit junked notes at RBI by July 20This is the second window the government has provided to banks, post offices and cooperative banks for depositing the junked notes with RBI.
- Rs 1 crore in junked notes seized in Thane; 3 arrestedThane police PRO Sukhada Narkar said,"three people were arrested and a case was registered against them under relevant sections".
- ICAI acts against four chartered accountants for misconduct post demonetisationWithout providing specific details, the Institute of Chartered Accountants of India (ICAI) said the cases related to these members were tak...
- Government asks companies to disclose details about junked notesBesides, auditors are required to mention in their reports whether the companies have made adequate disclosures about dealings in junked no...
- Stacks of junked notes lying with cooperative banks: Sharad PawarFollowing the withdrawal of old 500 and 1000 rupee notes from circulation on November 8, 2016, the junked currency was allowed to be deposi...
- Costs Rs 2.87-3.77 to print each new Rs 500/2000 note: GovernmentThe approximate cost of printing each note of new Rs 500 is in the range of Rs 2.87 to Rs 3.09, and Rs 3.54 to Rs 3.77 for Rs 2000, Ministe...
- Tirupati's Lord Balaji shrine has over Rs 4 crore in junked notesThe temple administration has written to the government and the Reserve Bank of India on the fate of the accumulated notes and was awaiting...
- Junked notes deposit data to be revealed after June: RBIRBI Deputy Governor S S Mundra said the final numbers can only be revealed after counting the notes deposited in cooperative banks.
- RBI Governor Urjit Patel to brief parliamentary panel on demonetisation todayThe meeting will discuss the "demonetisation of Indian currency notes of Rs 500 and Rs 1,000 and the impact thereof".
- Demonetisation: Deadline to deposit junked notes ends tomorrowWith every passing day, the number of circulars from the government or the Reserve Bank kept on rising that led to confusion among bankers ...
- Govt planning ordinance to impose penalty for holding junked notesGovt is mulling an ordinance to impose penalties on anyone possessing the junked Rs 500 and Rs 1000 notes beyond December 30.
- Retail, wholesale trade affected due to demonetisation: CAITGovernment demonetised Rs 1000/500 currency notes last week in a bid to crackdown on black money. People have till year end to exchange and...
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