Currency Demonetisation
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98.12 per cent of Rs 2000 notes returned to banks, Rs 6,691 crore still in public: RBI update
Personal Finance | Jan 01, 2025, 06:50 PM ISTThe 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, 06:35 PM ISTThe 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 | Dec 05, 2016, 12:04 PM ISTFew 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the Income Tax department raided a caterer in Mumbai and recovered over Rs 80 lakh in new notes and over Rs 40 lakh in withdrawn notes.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’
Dec 02, 2016, 07:15 PM ISTIn 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
Dec 01, 2016, 11:30 AM ISTIn 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
National | Nov 30, 2016, 08:43 AM ISTWith 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
National | Nov 28, 2016, 01:59 PM ISTUddhav 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".