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RBI asks banks to supply 40% of notes to rural areas

rupee     Mumbai : To mitigate hardships of poor and marginal farmers due to cash deficit following demonetisation, the Reserve Bank today directed banks to distribute at least 40 per [...]

January 3rd, 2017 | Posted in Highlights,Mumbai,Topnews | Read More »

RBI refuses to give reasons behind demonetisation

Reserve Bank of India         New Delhi : Why were Rs 1000 and Rs 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to [...]

December 29th, 2016 | Posted in Uncategorized | Read More »

Indelible ink to check syndicates: Govt on currency woes

Secretary, Department of Economic Affairs,  Shaktikanta Das  addresses media     New Delhi : Grappling with unending queues and frayed tempers in banks and to check operation of syndicates, government today decided to introduce a system of marking customers [...]

November 15th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

Govt asks Mysore Paints to keep stock of indelible ink ready

inkNew Delhi : After providing indelible ink to the Election Commission since 1962 to mark voters, the Mysore Paints and Varnish Limited has a new task at hand. It has [...]

November 15th, 2016 | Posted in Highlights,Nation,Topnews | Read More »

Maha economic activist welcome demonetisation announcement

currency     Mumbai : In the wake of demonetisation of certain currency notes, a group of activist from Maharashtra said they had campaigned for scrapping of high denomination notes and [...]

November 9th, 2016 | Posted in Mumbai | Read More »

RBI to come out with new series of currency notes soon

RupeeBenaulim (Goa): RBI today said it will soon come out with a new series of the currency notes as part of its constant endeavour to improve the security features of [...]

May 14th, 2015 | Posted in Business | Read More »

No plans to introduce Rs 15 currency notes: Govt

Lok SabhaNew Delhi: There is no proposal to introduce currency notes of Rs 15 denomination, Parliament was informed today. “At present, twenty rupee notes are in circulation and there is no [...]

May 8th, 2015 | Posted in Highlights,Nation | Read More »

Man cheated with fake Riyal currency notes

rupeeThane: A 29-year-old man was allegedly cheated by a woman, who gave him fake Saudi Riyal currency notes as a surety in exchange of Rs 1.50 lakhs which she borrowed [...]

June 21st, 2014 | Posted in Thane | Read More »

RBI grants 9 more months to exchange notes printed before 2005

rbi2The Reserve Bank today granted an additional nine months for the public to exchange currency notes printed before 2005… [...]

March 3rd, 2014 | Posted in Business,Mumbai,Topnews | Read More »

RBI to withdraw all pre-2005 currency notes

rbi2The Reserve Bank today decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 [...]

January 22nd, 2014 | Posted in Nation,Topnews | Read More »