Sun, Apr 23, 2017 | updated 03:21 PM IST

Delhiites cheer as RBI launches Rs.500 notes

Updated: Nov 13, 2016 20:13 IST      
Delhiites cheer as RBI launches Rs.500 notes

New Delhi [India], Nov. 13 (ANI): With an aim to provide immediate relief to Delhiites from cash-crunch and scarcity of lower denominated currencies, the Reserve Bank of India issued a new series of Rs.500 notes on Sunday evening.

People, who have been waiting in long queues for several hours, finally got their hands on the new note which brought immediate smile on their tired faces.

Delhiites were seen taking selfie and started posing for camerapersons outside banks.

State Bank of India (SBI) Chief General Manager, Delhi, Alok Choudhary said the distribution of new notes will ease out bottlenecks while purchasing essential items from the market.

"We need lower denomination notes for purchasing essential articles to ensure flexible payments and for this purpose the introduction of Rs. 500 notes and their distribution amongst the people was essential," Choudhary said.

Ever since the new series of Rs.2000 notes were introduced people have been ruing for spare change as several shopkeepers refused to accept the currency citing scarcity of lower denominated currencies.

Meanwhile, the RBI said there is enough cash available in small denominations at banks, adding that the people must not be anxious and need not come over to banks repeatedly to draw and hoard cash.

"The Reserve Bank of India assures members of the public that enough cash in small denominations are also available at the Reserve Bank and banks. The Reserve Bank urges that public need not be anxious; need not come over to banks repeatedly to draw and hoard. Cash is available when they need it," the RBI said in a statement.

The RBI's announcement comes as anger intensified on Sunday with banks struggling to dispense money following the government's decision to withdraw large denomination notes in an attempt to curb black money. (ANI)

New Delhi [India], Apr 23 (ANI): The Delhi Police on Sunday arrested three persons against a complaint which was lodged by an Indian Air Force (IAF) officer after he was thrashed by them over a minor scuffle.

Full Story >>

By Pradeep Kumar

Full Story >>

Chennai [India], Apr 23 (ANI): Union Information and Broadcasting Minister M. Venkaiah Naidu on Sunday said the issue regarding the ongoing agitation of Tamil Nadu farmers seeking loan waiver concerns the state, adding the matter should, therefore, be taken up by the state government.

Full Story >>

Lucknow (Uttar Pradesh) [India], Apr 23 (ANI): After the significant move to end VIP culture, Uttar Pradesh Governor Ram Naik on Sunday asserted that the new government is reviewing the project and the people have welcomed this decision too.

Full Story >>

New Delhi [India], Apr 23 (ANI): The Election Commission of India (ECI) has issued a letter of intent for purchase of 16,15,000 Voter Verifiable Paper Audit Trails (VVPATs) at an estimated cost of Rs. 3,173.47 crore during 2017-18 and 2018-19 from the BEL and ECIL.

Full Story >>

New Delhi [India], Apr 23 (ANI): Assuring win for the Bharatiya Janata Party (BJP) in the Municipal Corporation of Delhi (MCD) polls, Congress turncoat Arvind Singh Lovely on Sunday said that he joined the saffron bandwagon because of its sincere and dedicated intentions to serve the people.

Full Story >>

New Delhi [India], Apr 23 (ANI): All India Anna Dravida Munnetra Kazhagam (AIADMK) ousted leader T.T.V. Dinakaran has reached the Crime Branch office of Delhi Police where he will be questioned in a case involving bribing of an Election Commission official to get the party's 'two-leaves' symbol.

Full Story >>

Chennai [India], Apr 23 (ANI): Downplaying Dravida Munnetra Kazhagam (DMK) working president and treasurer M.K. Stalin's claim that the Centre is imposing Hindi on the non-Hindi residents of the country, Union Information and Broadcasting Minister M. Venkaiah Naidu on Sunday said there is no question of forcing Hindi on anybody, adding this matter is being unnecessary politicized for ulterior gains.

Full Story >>

New Delhi [India], Apr 23 (ANI): Three men were allegedly assaulted by animal rights activists linked to Union Minister Maneka Gandhi's NGO People for Animals (PFA) in Kalkaji area of South Delhi last night for transporting buffaloes in a truck.

Full Story >>

New Delhi [India], Apr 23 (ANI): Asserting that Delhi has witnessed the worst during the BJP's tenure in the MCD, former chief minister Sheila Dikshit on Sunday expressed optimism that the people would vote for the Congress in the civic polls this time.

Full Story >>

New Delhi [India], Apr 23 (ANI): Prime Minister Narendra Modi on Sunday said the consensus on Goods and Services Tax (GST) will go down in history as a great illustration of cooperative federalism, adding the landmark legislation reflects spirit of "one nation, one aspiration, one determination".

Full Story >>

Siliguri (West Bengal) [India], Apr 23 (ANI): Claiming that the national capital is virtually becoming unmanageable in terms of civic amenities, the Communist Party of India (Marxist) on Sunday said that people should vote to create a world-class city in Delhi and not in terms of political bickering.

Full Story >>

Kochi (Kerala) [India], Apr 23 (ANI): The Bharatiya Janata Party (BJP) on Sunday took on Kerala Power Minister M.M. Mani for his derogatory remark directed at Devikulam Sub-Collector Sriram Venkitaraman and said that the people are behind the 'courageous' officer, who has been heading the anti-encroachment drive in Idukki district.

Full Story >>

New Delhi, [India] Apr 23 (ANI): Asserting that people want to be governed by Prime Minister Narendra Modi-led BJP, Union Minister Harsh Vardhan while expressing confidence of the AAP's rout in the civic polls today stated that the people of Delhi have a clear choice in front of them.

Full Story >>

New Delhi [India], Apr 23 (ANI): Prime Minister Narendra Modi is currently chairing the third meeting of the NITI Aayog's Governing Council at the Rashtrapati Bhavan, wherein, action taken on decisions of the earlier two meetings, are being discussed in detail with special focus on the GST and doubling the income of farmers.

Full Story >>

Chhatarpur (Madhya Pradesh) [India], Apr 23 (ANI): One person was killed and five others sustained injuries after a collision between a truck and a jeep in Chhatarpur on Sunday.

Full Story >>

Belgaum (Karnataka) [India], Apr 23 (ANI): The National Disaster Response Force (NDRF) team are at the spot in Athani taluk of Belagavi district where a six-year-old girl fell into an open borewell on Saturday night.

Full Story >>

New Delhi [India], Apr 23 (ANI): Asserting that the Bharatiya Janata Party (BJP)-led corporation has failed to live up to its expectation in the last ten years, Delhi Congress chief Ajay Maken on Sunday said the national capital should vote for the grand old party for sensible governance.

Full Story >>

New Delhi [India], April 23 (ANI): Predicting a thumping majority for the saffron party in the civic polls, Bharatiya Janata Party (BJP) national vice-president Shyam Jaju on Sunday said Delhi has already rejected the Congress, adding the Aam Aadmi Party (AAP) stands exposed courtesy its work in the last two and half years.

Full Story >>

New Delhi [India], Apr 23 (ANI): In a yet another veiled attack on the Bharatiya Janata Party (BJP), Delhi Chief Minister Arvind Kejriwal on Sunday appealed the people to come out in large numbers and vote for in "Dengue and Chikungunya free" Delhi.

Full Story >>