Fri, Feb 24, 2017 | updated 09:05 AM IST

RBI to launch new Rs. 500, Rs. 2,000 notes from today

Updated: Nov 10, 2016 07:31 IST

New Delhi [India], Nov. 10 (ANI): The Reserve Bank of India (RBI) will launch new Rs. 500 and Rs. 2,000 currency notes from today.

"The decision to cancel the legal tender scatters of 500 and 1000 rupees note is a very bold, powerful and decisive step to fight the menace of black money and the use of fake Indian currency notes. Counter fate fake Indian currency notes for financing of terrorism. RBI will release new currency notes with new features, designs and dimensions from 10 November onwards," Economic Affairs Secretary Shaktikanta Das said while unveiling the new notes on Monday.

The RBI yesterday stated that the banks will remain open for public even on the weekend i.e. November 12 and 13 to deal with rush of people wanting to deposit the defunct currency bills.

Banks and ATMs were shut yesterday to remove old Rs. 500/1000 notes and stock them with lower denomination and new hard-to- fake Rs. 500 and Rs 2,000 currency notes.

Union Finance Minister Arun Jaitley has said that the government's decision will move the country towards a cashless economy.

Reassuring the people that those having lawful money would have nothing to fear, Jaitley said this is a major setback to the parallel black money economy because a lot of currency operating outside the system will now have to be brought into the banking system.

"The government believes that this decision has been welcomed everywhere. This major step with help India's credibility," he added.

The Finance Minister further said this decision will change the way people spend and keep their money.

"It will take India towards a cashless economy, it doesn't merely push the country in that direction, but significantly pushes it," he added.

He also said the decision is of significant advantage to the economy, adding both the Centre and states will benefit from with more revenue accruing in the economic system. (ANI)

Kerala: Moral policing victim ends his life

Updated: Feb 24, 2017 08:54 IST

Palakkad [India], Feb. 24 (ANI): A 23-year-old man, who was harassed by a group of youth for allegedly indulging in immoral behaviour with his female friend, committed suicide on Thursday here.

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PM Modi greets nation on Maha Shivratri

Updated: Feb 24, 2017 08:29 IST

New Delhi [India], Feb. 24 (ANI): Prime Minister Narendra Modi on Friday greeted the nation on the holy occasion of Maha Shivratri.

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New Delhi [India], Feb. 24 (ANI): After meeting President Pranab Mukherjee yesterday, DMK working president M.K. Stalin will meet Congress vice president Rahul Gandhi today in the national capital to discuss the current political turbulence in Tamil Nadu.

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New Delhi [India] Feb. 24 (ANI): Lashing out at Bahujan Samaj Party (BSP) supremo Mayawati for her remark likening BJP Chief Amit Shah to Mumbai attack terrorist Ajmal Kasab, the Bharatiya Janata Party on Friday said that the former is resorting to such statements in clear desperation, as she could foresee her impending loss in the state Assembly Elections.

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New Delhi [India] Feb. 24 (ANI): After suffering a rout in the Brihanmumbai Municipal Corporation (BMC) elections, the Congress party on Friday said it will introspect on the reasons for the loss and added that course correction will be undertaken by the grand old party.

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BJP claims BMC results prove boon for them

Updated: Feb 24, 2017 07:30 IST

Bengaluru (Karnataka) [India], Feb. 24 (ANI): The Bharatiya Janata Party (BJP) on Friday said that the results of Brihanmumbai Municipal Corporation (BMC) election turned out to be boon for the saffron party along with Shiv Sena.

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Kolkata[(West Bengal) [India], Feb. 24(ANI): Taking a swipe at 'Kasab' comment made by Bahujan Samaj Party(BSP) supremo Mayawati, the Bharatiya Janata Party(BJP) on Friday said that former has lost her mental stability.

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Nation celebrates Maha Shivaratri

Updated: Feb 24, 2017 06:48 IST

New Delhi [India], Feb. 24(ANI): Maha Shivaratri which means the 'Great Night of Shiva' is being celebrated today as it is a festival celebrated annually in honour of lord Shiva.

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New Delhi [India] Feb. 24 (ANI): Hitting back at Bahujan Samaj Party (BSP) supremo Mayawati for referring Bharatiya Janata Party (BJP) president Amit Shah as a terrorist, the saffron party on Friday said that those who give tickets to gangster-turned politician like Mukhtar Ansari should not talk about terrorism.

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Kampala (Uganda) Feb. 24 (ANI): Emphasizing the bond between India and Uganda, Vice President Mohammed Hamid Ansari, on Wednesday, said that the bond between the two countries is beyond commercial as it has risen to relationship of heart and mind.

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India- Uganda condemns all forms of terrorism

Updated: Feb 24, 2017 01:31 IST

New Delhi [India], Feb.24 (ANI): India and Uganda, in a joint statement on Friday, condemned terrorism in all its forms and stressed on the importance of international efforts to prevent and fight the menace.

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New Delhi [India], Feb. 23 (ANI): Describing terrorism as a menace, Afghan Ambassador to India Dr. Shaida Mohammad Abdali on Thursday said that both India and Afghanistan is sincere towards fighting terrorism, adding that rather than blaming other countries Pakistan should focus on fighting terrorism the way it is required.

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Bhopal [Madhya Pradesh], Feb. 23 (ANI): After the Bharatiya Janata Party (BJP) emerged victorious by securing 470 seats in the Maharashtra civic polls; Minister of Water Resources Uma Bharti on Thursday declared there is no rift between the BJP and Shiv Sena.

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New Delhi [India], Feb. 23 (ANI): India's Foreign Secretary S. Jaishankar on Thursday called Bangladesh Prime Minister Sheikh Hasina and briefed her on the recent developments in India-Bangladesh relations.

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New Delhi [India], Feb. 23 (ANI): One person was on Thursday arrested from Uttar Pradesh' Pratapgarh district in connection with a fake Rs. 2000 currency note which was dispensed from an SBI ATM in Delhi.

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New Delhi [India], Feb. 23 (ANI): The Special Central Bureau of Investigation (CBI) court on Thursday deferred the trial in the Sheena Bora murder case till March 16 after defense protested for the non-appearance of approver, Shyamvar Rai as first witness, who was Indrani Mukerjea's former driver.

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New Delhi [India], Feb. 23 (ANI): As the Congress Party lost the Maharashtra civic polls where it managed to get only 31 seats in Mumbai, Union Finance Minister Arun Jaitley on Thursday took the opportunity to take a dig at the grand old party, stating it is losing its credibility by following obstructionist policies in the Parliament.

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New Delhi [India], Feb.23 (India): Union Finance Minister Arun Jaitley will leave tomorrow for London on a five-day official visit.

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New Delhi [India], Feb. 23 (ANI): Late Arunachal Pradesh chief minister Kalikho Pul's first wife Dangwimsai Pul on Thursday withdrew her plea filed in the Supreme Court seeking Central Bureau of Investigation's (CBI) probe into the former's death case.

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New Delhi [India], Feb. 23 (ANI): The Bureau of Civil Aviation Security (BCAS) on Thursday issued an order of doing away with stamping hand bag tags with immediate effect at seven major airports- Delhi, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad and Cochin.

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