The Centre has told the Supreme Court that the November 2016 decision to withdraw Rs 500 and 1,000 currency notes was "one of the critical steps in the series of transformational economic policy steps"
The three-judge bench had then said that assuming that the 2016 notification has been validly issued under the Reserve Bank of India Act, 1934 whether it is ultra vires Articles 14 and 19 of the Constitution.
The Reserve Bank of India (RBI) prints all banknotes with a unique pattern as well as serial numbers. Though you won’t find any variation in the notes except the serial numbers, every note has its unique pattern. However, while printing the notes, some mistake occurs. Such errors while printing the currency makes it invaluable.
Bhubaneswar: The Odisha Congress has decided to stage demonstration in front of the Reserve Bank of India (RBI) office building as part of its nation-wide protest on the second anniversary of demonetisation tomorrow. Slamming the Centre, the Congress alleged the BJP government at the Centre has ruined the economy of the country through demonetisation. Besides, […]
By Surya Narayan Pradhan Bhubaneswar: At a time when prices of food items and manufactured goods are in no mood to calm down in India, bank transaction limits imposed by the Government of India due to Demonetisation has affected the children badly. To fulfil their wishes to buy new clothes, a pair of shoes or […]
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 […]
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 […]
Bhubaneswar: Alleging that the demonetisation carried out by the Narendra Modi-led BJP government was the ‘biggest scam in Independent India’ to convert black money into white, the Congress Friday stated that the maximum deposits in cooperative banks in just five days post demonetisation were made in BJP-ruled states. Congress further alleged that old notes worth […]
Bhubaneswar: Blaming the Centre for cash crunch at banks and ATMs across the state, the ruling BJD today announced to stage a silent protest on Saturday. The party will stage protest for two hours -from 10 AM to 12 noon in front of the RBI Headquarters in Bhubaneswar and all nationalised banks in sub-divisions and […]
Bhubaneswar: It has been a year since the Rs 500 and Rs 1000 currency denominations were scrapped as legal tender. Still huge number of banned notes continues to find way into donation boxes at major shrines like Jagannath Temple in Puri, Tarini Temple at Ghatagaon (Keonjhar) and some others in State. With deadline for exchange […]
Puri: With what is being touted as one of the ‘boldest measures’ in Indian economy, one year has passed since the decision by the Centre to demonetise high value currency notes of Rs 500 and Rs 1,000. One year on, OTV did a reality check on the effect of demonetisation at Nuagaon village under Satyabadi […]
New Delhi/Bhubaneswar: The Rs 1000 currency note, which was demonetised on November 8 last year, will be relaunched by the Reserve Bank of India (RBI) in a new avatar soon. The new note with enhanced security features could be out as early as December 2017, according to DNA sources. The printing presses of RBI at […]
Mumbai/Bhubaneswar: The Reserve Bank of India today issued a new batch of Rs 500 denomination notes. The new notes will be circulated in the market soon while the existing Rs 500 notes will continue. Official sources of RBI said, a new batch of banknotes with inset letter “A” in both the number panels, bearing the […]
Bhubaneswar: BJD, which had supported demonisitisation, today sought a white paper on its impact and asked the Centre to inform the people as to how much black money was seized. “It was told that demonetisation would help bring back black money and end naxal and terrorist activities. The people across the country would like to […]
Baripada: Even as the deadline for depositing old demonetised currencies of Rs 500 and Rs 1000 is over, Jharpokharia police of Mayurbhanj is yet to exchange old cash worth Rs 2.88 lakh and continues to struggle between legal and banking norms. As per sources, the police had approached regional Reserve Bank of India (RBI) office in […]