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Topic result for bank-notes

No proposal to replace face of Mahatma Gandhi on banknotes: RBI

There are certain reports suggesting the finance ministry and the RBI were contemplating to use the faces of other prominent Indians, including Rabindranath Tagore and APJ Abdul Kalam, on banknotes of certain denominations.

COVID Infection From Banknotes, Coins Unlikely: Study

The team treated various euro coins and banknotes with virus solutions of different concentrations. While the infectious virus was still present on the stainless-steel surface after seven days, on the 10-euro banknote, it took only three days to completely disappear.

Demonetisation: The Dimes, They Are A-Changin

By Bikram Keshari Jena For a common man, ‘change’ in monetary parlance has always been a bittersweet experience. It’s a double-edged, nay multi-edged sword in both its deficiency and sufficiency. However, the demonetization winter has benumbed some of its fangs. In day-to-day life, change or small denomination currencies (both coins and paper notes) are an […]

Demonetisation on a lighter Note…

By Bikram Keshari Jena The note, we so dote, leaves an endnote, with gloat. Money, money everywhere, so copious, yet impecunious. Never one would have imagined that bank notes could be capable of such extracurricular activities, had the government not got a missile-lock on them. As soon as the news broke out, these soon-to-be obliterated […]

BJP bought land in 18 Odisha districts before demonetization: Congress

New Delhi/ Bhubaneswar: In a scathing allegation, the Congress has accused BJP of buying lands in 18 districts of Odisha ahead of the demonetization move. In a press meet in New Delhi, All India Congress Committee’s chief spokesperson, Randeep Surjewala alleged that BJP members have bought land at significantly lower than market prices, adding that […]

  • Tuesday, 20 Jul 2021
  • AICC
Central team collects feedback post demonetization

Berhampur: The Central team which is in Odisha to review the state of affairs and collect feedback on the implementation of the demonetization program visited Berhampur and Jajpur today. Central team member and Union Joint Secretary, Food and Public Distribution, Suresh Vashist held discussions with Ganjam collector Premchandra Choudhary along with representatives from Agriculture, industries […]

Support demonetisation but sensitive to people’s difficulties: Baijayant

Bhubaneswar: BJD’s MP from Kendrapara, Baijayant Panda today came out in the support of the demonetisation move. However, he showed  his concern saying that one has to also be sensitive to the difficulties being faced by the people on account of the ban on old Rs 500 and Rs 1000 notes. Also Read: Baijayant reviews […]

  • Tuesday, 20 Jul 2021
  • ATMs
Aditya Prasad Padhi
Banking services in unbanked panchayats in Odisha soon

Bhubaneswar: Taking note that the people in rural areas are facing difficulties in getting new notes in exchange of the old notes, the Odisha government has decided to provide banking services in panchayat offices very soon. A decision to this effect was taken at a high level meeting presided over by chief secretary Aditya Prasad […]

  • Tuesday, 20 Jul 2021
  • ATMs
Man arrested while exchanging fake notes

Khurda: Amidst the ongoing chaos at banks to get rid of old Rs 500 and Rs 1000 notes, a depositor from Khurda was caught while trying to exchange fake currency notes. The accused has been identified as Sumit Kumar Tudu, who is said to be an engineering student and the son of Jagat Kumar Majhi, […]

Odisha govt to step up measures on demonetisation

Bhubaneswar: Taking note of the panic by the people due to the sudden announcement by the Centre on demonetisation of Rs 500 and Rs 1000 currency notes last night, the Odisha government has decided to step up early measures to bring the situation under control. Talking to media persons today, Director General of Police (DGP) […]

  • Tuesday, 20 Jul 2021
  • ATMs
Stern action against fuel pumps not accepting old notes: Dharmendra Pradhan

Bhubaneswar: In a bid to avoid inconvenience to citizens on account of demonetization of Rs 500, Rs 1000 bank notes in the country, Union Oil minister Dharmendra Pradhan has warned State-owned fuel pumps of stern action in case they refuse to accept old notes. While of Rs 500, and Rs 1,000 notes ceased from being […]

Odisha seeks small denomination notes for rural areas

Bhubaneswar: The Odisha government on Wednesday demanded more small denomination notes of Rs 500 and Rs 100 to ease the troubles of people in rural areas of the state. “The situation in urban areas has improved to some extent. However, the problem still persists in rural areas. We have asked the central team and RBI […]

People face difficulties as many ATMs run out of money in Odisha

Bhubaneswar: Small traders and common people were facing severe hardship after demonetisation of Rs 500 and Rs 1,000 notes even though ATMs opened on Friday after a two-day closure. Long queues were witnessed at banks and ATMs as people rushed to get new bank notes. However, they faced difficulties in withdrawing money at hundreds of […]

  • Friday, 02 Jul 2021
  • ATMs
Cash withdrawal for marriages remains a non-starter

Kendrapara: Stiff guidelines set by the RBI for withdrawal of Rs 2.5 lakh for a marriage have made it difficult for banks to disburse the amount, making the government’s move to ease cash crunch for wedding families a non-starter. Though bankers received procedural circular in this regard on Tuesday, withdrawal for wedding purpose is yet […]

Rs 25 Lakh seized in scrapped Rs 1,000 notes from trader

Kendrapara: The Odisha Police today seized scrapped Rs 1,000 denomination notes worth Rs 25 lakh after intercepting a car in Kendrapara district. Acting on specific information, the demonetised cash was seized and a Cuttack-based Jewellery trader was detained, Inspector Kendrapara Police station, Sanjeev Mohanty said. “We are examining whether the scrapped notes were black money […]

Marriages Made in RBI Boardroom!

By Sandeep  Sahu Marriages, they say, are made in heaven. But if you are unfortunate enough to be getting married between now and December 30, 2016, your marriage will be made in the Reserve Bank of India (RBI) boardroom! That, in short, is the key takeaway from the elaborate set of guidelines issued by the […]