Tag: Currency Notes

'COVID-19 Can Survive Longer On Bank Notes': Why You Shouldn't Get Paranoid
'COVID-19 Can Survive Longer On Bank Notes': Why You Shouldn't Get Paranoid

New Delhi: As new research claiming that Covid-19 can survive longer on bank notes — up to 28 days at 20 degree Celsius along with humidity — started doing the rounds amid the corona surge, health experts said on Monday that people should avoid being paranoid and must take proper pandemic-related precautions. Researchers at the […]

RBI Affirms Currency Notes Potential Corona Carriers: CAIT

New Delhi: The Confederation of All India Traders (CAIT) on Sunday said that the RBI had affirmed the possibility of currency notes as potential carriers of novel coronavirus and demanded government incentives for digital payments. The development comes after CAIT wrote a letter to Union Finance Minister Nirmala Sithraman on March 9, 2020 seeking clarification whether […]

Examine spread of coronavirus via currency notes: CAIT to FM Sitharaman

New Delhi: The Confederation of All India Traders (CAIT) here on Sunday wrote to Finance Minister Nirmala Sitharaman on the possibility of spread of coronavirus through currency notes and urged her to take the required steps. It also urged the government to introduce policies for promoting alternative modes of payment and look at the possibilities […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

I-T takes gold trader into custody for carrying banned notes of Rs 25.50L

Kendrapara: The Income Tax department today started its probe into a case in which a gold trader carrying old Rs 500 and Rs 1,000 currency notes of Rs 25.50 lakh in a car was going towards Kendrapara town. The team of two officers of the Income Tax reached the Kendrapara police station where gold trader […]

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 […]

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 […]

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 […]

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 […]

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, […]