Sat, Jul 22, 2017 | updated 06:25 AM IST

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

Updated: Nov 10, 2016 07:31 IST      
RBI to launch new Rs. 500, Rs. 2,000 notes from today

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)

Keep daydreaming about ousting us: BJP to Mamata

Updated: Jul 22, 2017 06:24 IST     

Kolkata/Bengaluru [India], July 22 (ANI): The Bharatiya Janata Party (BJP) on Saturday mocked West Bengal Chief Minister Mamata Banerjee and said that her wish of ousting the saffron party from the nation is merely a dream which will never get fulfilled.

Full Story >>

New Delhi [India], July 22 (ANI): The Bharatiya Janata Party (BJP) on Saturday said that National Conference (NC) supremo Farooq Abdullah's suggestion of involving a third party to resolve Kashmir issue reeks of sheer irresponsibility.

Full Story >>

National Herald case: Sonia, Rahul to file reply today

Updated: Jul 22, 2017 06:24 IST     

New Delhi [India], July 22 (ANI): Congress president Sonia Gandhi and party vice-president Rahul Gandhi on Saturday will file their reply to Bharatiya Janata Party (BJP) leader Subramanian Swamy's plea, seeking certain documents from the Associated Journal Limited (AJL) and the party in the National Herald case.

Full Story >>

BJP corners Congress over Ambika Soni, Vaghela

Updated: Jul 22, 2017 06:24 IST     

New Delhi [India], July 22 (ANI): With Congress party veteran Ambika Soni seeking to be relieved as in-charge of Uttarakhand and Himachal Pradesh, the Bharatiya Janata Party (BJP) on Friday said that the grand old party appears to be cracking from within.

Full Story >>

Nothing but Bihar's coalition can end BJP's reign: JD (U)

Updated: Jul 22, 2017 05:36 IST     

New Delhi [India], July 22 (ANI): Mamata Banerjee's statement that the Trinamool Congress (TMC) would launch the 'BJP Bharat Chhodo' movement has created quite a stir, with Janata Dal United saying that the almost all national political parties have been trying to do the same.

Full Story >>

New Delhi [India], July 22 (ANI): The Central Bureau of Investigation (CBI) on Friday filed a case of criminal conspiracy and cheating against Delhi based company, for selling made-in-china parts camouflaged as 'Made in Germany' to Jabalpur's ordnance factory.

Full Story >>

Jeweler shot dead in Uttar Pradesh's Hardoi

Updated: Jul 21, 2017 23:31 IST     

Hardoi (Uttar Pradesh) [India], July 21 (ANI): A jeweler Sarvendra Pandey on Friday was robbed of cash worth Rs. 20 lakh and later shot by unidentified men in Hardoi district.

Full Story >>

Soldier killed in ceasefire violation by Pakistan in J-K

Updated: Jul 21, 2017 23:31 IST     

Nagrota (Jammu and Kashmir) [India], July 21 (ANI): Rifleman Jayadrath Singh was killed in ceasefire violation by Pakistan in Sunderbani sector of Jammu and Kashmir on Friday evening.

Full Story >>

Anil Kumar Raturi to take charge as DGP, Uttarakhand

Updated: Jul 21, 2017 23:16 IST     

New Delhi [India], July 21 (ANI): Anil Kumar Raturi is all set to take charge as the new Director General of Police (DGP) of Uttarakhand. He will take charge on July 24.

Full Story >>

Srinagar (Jammu and Kashmir) [India], July 21 (ANI): Deputy Chief Minister of Jammu And Kashmir Nirmal Singh on Friday called on Prime Minister Narendra Modi and discussed various issues including cross border shelling and internal security in the state.

Full Story >>

UP Government transfers three IPS officers

Updated: Jul 21, 2017 23:14 IST     

Lucknow (Uttar Pradesh) [India], July 21 (ANI): The Uttar Pradesh Government on Friday transferred three Indian Police Service (IPS) officers.

Full Story >>

Raveesh Kumar to be next MEA spokesperson

Updated: Jul 21, 2017 22:45 IST     

New Delhi [India], July 21 (ANI): Consul General of India in Frankfurt (Germany) Raveesh Kumar will replace Gopal Baglay as Ministry of External Affairs (MEA) spokesperson.

Full Story >>

India to host global conference on cyber space in November

Updated: Jul 21, 2017 22:45 IST     

New Delhi [India], July 21 (ANI): India will host Global Conference on Cyber Space (GCCS) 2017, the world's largest conference on cyber space here on November 23 - 24 and the conference will be inaugurated by Prime Minister Narendra Modi.

Full Story >>

Bengaluru (Karnataka) [India] July 21 (ANI): Congress vice-president Rahul Gandhi on Friday slammed Prime Minister Narendra Modi and the Centre while digging out issues including Rohith Vemula suicide case, Dadri lynching case and demonetisation drive.

Full Story >>

Ravi Shankar Prasad terms Abdullah's advice unsolicited

Updated: Jul 21, 2017 22:11 IST     

New Delhi [India], July 21 (ANI): Union Minister of Information Technology Ravi Shankar Prasad on Friday said that Jammu and Kashmir's former chief minister Farooq Abdullah's advice of a third-party intervention to resolve the Kashmir issue was unsolicited and has no meaning.

Full Story >>

Bhopal (Madhya Pradesh) [India], July 21 (ANI): The Communist Party of India- Marxist (CPI-M) on Friday assured to extend support to the Centre to solve the issue of Indo-China border through diplomacy and dialogues.

Full Story >>

New Delhi [India], July 21 (ANI): The Enforcement Directorate on Thursday filed a prosecution complaint against several money launderers, as per the provisions prescribed under the Prevention of Money Laundering Act, 2002 (PMLA).

Full Story >>

Sushma Swaraj meets toddler from Pakistan after heart surgery

Updated: Jul 21, 2017 21:36 IST     

New Delhi [India], July 21 (ANI): External Affairs Minister (EAM) Sushma Swaraj on Friday met Rohaan, the four-month-old toddler from Pakistan who underwent heart surgery at Jaypee Hospital in Noida, Uttar Pradesh.

Full Story >>

CAG Report flaps critical shortage of army's ammunition

Updated: Jul 21, 2017 21:33 IST     

New Delhi [India], Jul 21 (ANI): The Comptroller and Auditor General (CAG) on Friday flagged critical shortage of ammunition in the Indian Army.

Full Story >>

IT raid at ABIL founder's offices, residence

Updated: Jul 21, 2017 20:58 IST     

New Delhi [India], July 21 (ANI): The Income Tax Department (ITD) on Friday raided the residence and offices of Avinash Bhosale, Founder of ABIL Group.

Full Story >>