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  98.12 per cent of Rs 2000 notes returned to banks, Rs 6,691 crore still in public: RBI update

  January 01, 2025 18:50 IST

  The Reserve Bank of India (RBI) has reported that 98.12 per cent of Rs 2000 notes in circulation as of May 19, 2023, have been returned to the banking system following the RBI’s withdrawal announcement.

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  Exchange Rs 2,000 denomination currency notes without ID proof is valid: Court dismisses plea

  India | May 29, 2023 18:35 IST

  The high court maintained it cannot be said that the government's decision is perverse or arbitrary or it encourages black money, money laundering, profiteering or abets corruption.

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  From builders to tiffin services and dental implants, I-T casts its net on illegal currency exchange

  India | December 05, 2016 12:04 IST

  Few days after the government stopped the exchange of scrapped 500 and 1000-rupee notes, the Income Tax department raided a caterer in Mumbai and recovered over Rs 80 lakh in new notes and over Rs 40 lakh in withdrawn notes.

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  In big crackdown, govt suspends 27 bank officials, transfers 6 for ‘irregular transactions’

  December 02, 2016 19:15 IST

  In a major crackdown on bank officials carrying out irregular and unauthorised banking transactions post demonetisation move, the government on Friday suspended 27 officials of different Public Sector Banks.

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  Petrol pumps, air ticket counters to accept old Rs 500 notes till Dec 2 instead of Dec 15

  December 01, 2016 11:30 IST

  In a latest announcement that tightens its demonetisation policy, the government on Thursday said that petrol pumps, LPG stations and air ticket counters will accept old Rs 500 notes till December 2. The earlier deadline

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  Upset Congress sees Nitish Kumar’s PM ambitions behind his support to demonetisation

  Politics | November 30, 2016 8:43 IST

  With the opposition failing to put up a strong front against centre’s demonetisation drive, an irked Congress stated that there can be only one prime ministerial candidate from the alliance it is part of.

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  ‘People will loot banks’: Shiv Sena backs Shivaji kin Bhosale's remark on note ban

  Politics | November 28, 2016 13:59 IST

  Uddhav Thackeray-led Shiv Sena on Monday backed NCP MP Udayan Raje Bhosale's remarks that if the post-demonetisation situation fails to improve soon, "people will loot banks".