New Delhi: The Reserve Bank of India (RBI) is not using ‘counting machines’ for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using “sophisticated Currency Verification and Processing (CVPS) machines for checking the […]
New Delhi: It was the duty of every government department concerned with demonetisation to spell out all relevant facts and reasons behind the radical move, the Central Information Commission has observed. In what could be the first comments of the transparency panel on the lack of information about the notes ban decision, Information Commissioner Sridhar […]
New Delhi: Reserve Bank of India (RBI) Governor Urjit Patel’s appearance before a parliamentary panel for a second briefing on demonetisation has been put off from May 25 to June 8, as work on framing the monetary policy would be underway at that time. The Standing Committee on Finance, which had questioned Patel on January […]
New Delhi: Over 2,000 fresh accounts were opened in a Bareilly branch of State Bank of India post- demonetisation till December 31 to allegedly channelise black money in which at least Rs 8 crore were deposited in old notes, a CBI probe has found. The CBI has now registered an FIR against unknown bank officials […]
New Delhi: Finance Minister Arun Jaitley today termed the BJP’s big win in state polls as people’s endorsement of demonetisation and asserted that it was seen as pro-poor, reformist and the sole defender of the nationalist constituency in the country. He also slammed the Congress for its “historic” blunders including opposing demonetisation and identifying with […]
Kendrapara : While scrapped currency notes are nothing but pieces of paper for one and all, it is priceless treasure for a 50-year-old collector in Kendrapara Town of Odisha. Mohammad Mustaque, a legal practitioner, has converted his house into a miniature museum of notes. He has preserved currencies right from Rs 1000 denomination, demonetised in […]
Berhampur: Weavers in ‘silk city’ Berhampur are feeling the heat of demonetisation, with number of orders dwindling despite it being the marriage season, as cooperatives are unable to pay these artisans, apparently due to cap on the withdrawal limit. “The sale of Berhampuri patta has come down by 60 per cent while the cooperative societies […]
Sambalpur: The Paschim Odisha Krushak Sangathan Samanway Samiti (POKSSS) has threatened to launch stir over cash crunch following the demonetisation drive. “Farmers have money in their bank accounts. But, they are unable to withdraw the money because of scarcity of cash in banks. Farmers require cash for labour payment, transportation of paddy to market yards and […]
Bhubaneswar: Charging the Odisha government of creating confusion among the public over demonetisation scheme, Union Oil Minister Dharmendra Pradhan today said more currency notes of Rs 500 will reach market here tomorrow. “I wonder how the state government is creating confusion among the people over the demonetisation issue. There are about 20,000 outlets of SBI […]
Bhubaneswar: With the members of both the Opposition and treasury bench expressing concern in the Assembly over the difficulties faced by the people due to demonetisation, the Odisha government today said there was “acute shortage” of Rs 100 and Rs 500 currency notes in the state. “There is acute shortage of Rs 100 and Rs […]
Bhubaneswar: The Odisha Assembly was today adjourned twice due to pandemonium over demonetisation issue, which completed a month yesterday. The issue was raised by Opposition Chief Whip TaraprasadBahinipati of Congress who demanded a statement from OdishaFinance Minister Pradip Kumar Amat. “The situation has become akin to the Emergency due to scarcity of cash in the […]
Sambalpur: In a bid to promote cashless transactions, Sambalpur Municipal Corporation (SMC) is all set to use swipe machines for collection of taxes shortly. Deputy Commissioner of the SMC, Sudhansu Bhoi said, “We have already asked the HDFC bank to provide us two swipe machines. While one swipe machine will be installed at the office of […]
Berhampur: Scarcity of essential commodities is feared in some parts of Odisha with transportation of goods badly hit by the limit on withdrawal of cash from accounts and ATMs since the Centre’s demonetisation move. President of Ganjam District Truck Owners Association Pramod Kumar Jena said around 70 to 80 percent of trucks could not operate […]
Bhubaneswar: Strongly opposing the Centre’s demonetisation decision, the Congress and five Left parties will stage separate demonstrations across Odisha tomorrow. Odisha Congress chief Prasad Harichandan said the party would organise ‘Jana Akrosh’ rallies across the state. He said demonstrations and rallies would be held in all the 314 blocks and 30 districts of the state. […]
Kendrapara: The hitherto dormant Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts in nationalised banks have now sprung to life and are flush with cash in several parts of Odisha, thanks to demonetisation drive. The post offices are also witnessing sudden upsurge of deposits of scrapped notes with inoperative accounts being made operational by account holders […]
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