The printing of Rs 2,000 banknote, introduced post-demonetisation in November 2016, has been reduced to the "minimum" by the Reserve Bank, a top finance ministry official said on Thursday.
The printing presses at Mysore and Salboni are getting ready to print the brand new Rs 1,000 notes
Fake Indian currency notes of the face value of Rs 5,20,000 in Rs 2,000 denomination have been seized from near Bangladesh border.
The officials of City Task Force on Friday arrested one person and seized counterfeit currency notes in denominations of Rs 2,000 notes with a face value of Rs 4.08 lakh from him at the railway station in Visakhapatnam.
The move, SBI Card said, is aimed at encouraging digital payments in line with the government's policy.
It said as part of their conspiracy, they allegedly exchanged old notes to the tune of Rs 1.17 crore with the new currency issued by the Reserve Bank of India.
Jaitley said the cost of the currency note is the function of direct and indirect material and labour cost, which changes every year.
Police is trying to get details of the cash management company that was responsible for filling up bank notes in the ATM in question.
The great-grandson of Mahatma Gandhi, Tushar A Gandhi, on Saturday attacked Prime Minister Narendra Modi in the wake of the Khadi and Village Industries Commission (KVIC) diary-calendar controversy
Unaccounted cash to the tune of Rs 51.86 lakh, almost all of them in Rs 2,000 denomination, was seized on Sunday by Kerala Excise officials from two passengers of a bus coming from Bengaluru at nearby Irrity, in the second major haul of currency in the last three days in the state.
In the weeks following demonetisation, the tourism industry in Goa has been hit badly with both local and foreign tourists leaving early after being inconvenienced by the note ban. Bookings also fell rapidly in Kerala and Karnataka
While queues outside ATMs doesn't seem to be ending anytime soon, authorities have confiscated more than rupees four crores in the new currency notes over the last 24 hours, raising questions on the effectiveness of demonetisationin in curbing black money and corruption
Former finance minister P Chidambram hit out at the Narendra Modi government on Tuesday for its "mismangement" of the demonetisation drive, saying that the move has broken the back of the people, and will have long-term effects on the Indian economy.
Demonetisation and the introduction of new currency notes of Rs 500 along with new denomination of Rs 2000 have sparked a lot of rumours of last one month.
The AAP on Thursday accused the Narendra Modi government of compromising national security by partnering with a currency paper supplier who was earlier blacklisted for working with a fake currency nexus. Union Finance Minister Arun Jaitley denied the allegations
Demonetisation is taking a toll on Indian diplomacy, with Russia lodging a strong protest over cash shortage affecting the functioning of its embassy here and threatening retaliatory action.
Bhartiya Janata Party (BJP) leader Manish Sharma was arrested in Kolkata with new notes worth Rs 33 lakh. Sharma was trying to exchange old notes of Rs 500 and Rs 1,000 that were demonetised by Prime Minister Narendra Modi on 8 November
The real rush will start today. Banks fear angry customers may run riot. They are seeking more cash from the RBI and also police security
Common people across India continued to suffer, with millions scrambling for cash to meet basic needs, even as Prime Minister Narendra Modi defended the ban on high-value notes, saying the move had given sleepless nights to those with ill-gotten wealth.
Spawned in a crucible of confusion and conceived more by mistake than intent I have realised that I am an unloved offspring and no one chucks me under the chin or ruffles my hair or shows me off.