Tue, Apr 25, 2017 | updated 02:12 PM IST

Cabinet clears ordinance to penalise persons with old currency notes

Updated: Dec 28, 2016 17:48 IST      
Cabinet clears ordinance to penalise persons with old currency notes

New Delhi [India], Dec. 28 (ANI): The Cabinet on Wednesday approved promulgation of an Ordinance to make possession of a large number of scrapped banknotes a penal offence making holding of old Rs. 1,000 and 500 notes after March 31st beyond a threshold amount a criminal offence.

The possession will attract a monetary fine of Rs. 10,000 or five times the cash held, whichever is higher. The Specified Bank Notes Cessation of Liabilities Ordinance also provides for amending the Reserve Bank of India Act to provide legislative support for scrapping the demonetised banknotes that are not returned.

The last date for depositing old currency notes in bank accounts and post offices is expiring on Friday and thereafter, people can deposit such notes only in the RBI after giving valid reason for being unable to do so during the 50 day period as announced by Prime Minister Narendra Modi on November 8.

Furnishing wrong information while depositing the old currency between January 1 and March 31 will attract a fine of 5,000 rupees or five times the amount.

The Ordinance will come into force once it gets Presidential assent. Of the 15.4 lakh crore rupees worth of currency that was scrapped, about 14 lakh crores rupees have been deposited in banks or exchanged. (ANI)

Why should I remove red beacon before May 1?: K'taka CM

Updated: Apr 25, 2017 14:01 IST     

Bengaluru (Karnataka) [India], April 25 (ANI): While most of the ministers have already removed the red beacon atop their vehicles following the Centre's ruling, Karnataka Chief Minister Siddaramaiah on Tuesday said that he would remove the beacon when the order comes into force on May 1.

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J-K: Kashmir Cultural Society's musical treat for Sufi lovers

Updated: Apr 25, 2017 14:01 IST     

Srinagar (Jammu and Kashmir) [India], April 25 (ANI): The Kashmir Cultural Society (KCS) in collaboration with Radio Kashmir Srinagar (RKS) organised an event on traditional Sufi music to highlight the Kashmiri Sufis and their poetry, in the Harwan area of Jammu and Kashmir's capital.

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Thiruvananthapuram (Kerala) [India] Apr 25 (ANI): After being cornered by a united Opposition in the Kerala Assembly over his alleged anti-women remarks, Electricity Minister M.M. Mani on Tuesday cried foul and said that he didn't insult women.

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Mumbai (Maharashtra) [India], Apr. 25 (ANI): Cypriot President Nicos Anastasiades, who arrived at the Chhatrapati Shivaji International Airport here this morning on a five-day state visit, will be meeting Maharashtra Governor Ch Vidyasagar Rao before heading to the national capital for talks with the Indian leadership.

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New Delhi [India], Apr 25 (ANI): Aiming to check high cut-offs in colleges, the Central Board of Secondary Education (CBSE) has scrapped the moderation policy under which grace marks are given to the students in exams for difficult questions.

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Malegaon blast: Sadhvi Pragya gets bail, victims to move SC

Updated: Apr 25, 2017 12:39 IST     

New Delhi [India], Apr 25 (ANI): The Bombay High Court on Tuesday granted bail to Sadhvi Pragya Singh Thakur in connection with the 2008 Malegaon blast case.

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TN shutdown: DMK's Stalin detained amid protests

Updated: Apr 25, 2017 12:39 IST     

Chennai (Tamil Nadu) [India], April 25 (ANI): Dravida Munnetra Kazhagam's (DMK) working president M.K. Stalin, along with his senior party colleagues, was detained in Thiruvarur when he tried to block traffic during the one-day shutdown in Tamil Nadu.

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Govt assures action for 'cold-blooded murder' in Sukma

Updated: Apr 25, 2017 12:25 IST     

Raipur (Chhattisgarh), [India] Apr 25 (ANI): Dubbing the killing of 25 CRPF jawans in Chhattisgarh's Sukma district as cold blooded murder, Union Home Minister Rajnath Singh on Tuesday said that the Centre and state government would work together to ensure that the perpetrators are brought to book.

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New Delhi [India], Apr 25 (ANI): After Indresh Kumar claimed that Muslims do not want a mosque to be built at the disputed site in Ayodhya as they fear it will be "unholy" for them, Bharatiya Janata Party (BJP) leader Subramanian Swamy on Tuesday said the senior Rashtriya Swayamsevak Sangh(RSS) functionary has done 'great service' by bringing the issue out.

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'Cowardly' Sukma attack exudes frustration of Maoists: Govt

Updated: Apr 25, 2017 11:56 IST     

New Delhi [India], Apr 25 (ANI): Condemning the gruesome ambush by the Maoists on CRPF men in Chhattisgarh's Sukma, Union Minister Prakash Javadekar on Tuesday dubbed the attack as cowardly and asserted that the unwarranted violence exuded the frustration of the ultras.

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Rajnath pays tribute to martyred CRPF jawans

Updated: Apr 25, 2017 11:38 IST     

Raipur (Chhattisgarh), [India] Apr 25 (ANI): Union Home Minister Rajnath Singh paid tribute to the CRPF personnel, who lost their lives in the Sukma attack, during their wreath laying ceremony here on Tuesday.

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New Delhi, [India] Apr 25 (ANI): Strongly condemning Chhattisgarh's Sukma attack that claimed the lives of 26 CRPF personnel, Vice President Hamid Ansari has said there is no justification for such heinous and reprehensible acts while demanding punishment for the perpetrators.

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Hyderabad (Telangana), [India] Apr 25 (ANI): In a brutal incident, a man hailing from Hyderabad succumbed to burn injuries in Saudi Arabia's Riyadh after being allegedly set blaze.

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New Delhi, [India] Apr 25, (ANI): Taking a dig at the Centre's claim of bringing 'Achhe Din', Congress leader Manish Tewari on Tuesday highlighted some of the burning issues that have created an atmosphere of turmoil in the nation during last few months.

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Chennai (Tamil Nadu) [India], April 25 (ANI): After three days of continuous grilling, All India Anna Dravida Munnetra Kazhagam (AIADMK) leader T.T.V. Dinakaran has finally accepted that he met Sukesh Chandrashekhar, the man alleged to be the middleman in his bribery dealing with the Election Commission of India (ECI).

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Digvijaya slams PM Modi over UID for cows

Updated: Apr 25, 2017 08:31 IST     

New Delhi [India], April 25 (ANI): Taking a jibe at Prime Minister Narendra Modi over the issuance of Aadhar Card-like Unique Identification Number (UID) to cows and cattle in order to protect them and prevent their smuggling across the India-Banglad

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Mumbai (Maharashtra) [India], Apr 25 (ANI): In a disturbing revelation, world's heaviest woman Eman Ahmed's sister Saimma Selim has alleged that Dr. Muffazal Lakdawala, who has been treating the former, is not correct about his updates about Eman's health and recovery, adding that her sister has not recovered at all.

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Lucknow/Kolkata (Uttar Pradesh/West Bengal), Apr 25 (ANI): The Congress on Tuesday questioned Jammu and Kashmir Chief Minister Mehbooba Mufti's decision of allying with the Bharatiya Janata Party (BJP), if she was not happy in the first place with th

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New Delhi [India], April 25 (ANI): In yet another shocking case of religious discrimination, an aged Muslim man was denied a seat in Delhi metro by a group of youth, who hurled slurs and abuses at him over his appearance.

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New Delhi [India], April 25 (ANI): Amid talks between the Centre and the state government over coming up with a solution to bring down the level of tensions in the Valley, defense experts have reckoned that Governor's rule must be imposed in Jammu Kashmir as the Chief Minister Mehbooba Mufti-led government had failed to provide leadership for various reasons.

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