The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay for utility bills such as fuel at petrol pumps -- payments that are anonymous and are believed to have formed a good part of the demonetised currency that returned to the banking system
Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to a media report on Sunday.
One of the arrested Maoists was a 'zonal commander', who had been absconding for the past 11 years and was carrying a cash reward of Rs 50,000 on his head.
Rs 1000 notes has been banned from public use from now on including for essential activities listed under the exemptions.
The inmates moved the HC contending it has become a problem for the prisoners to deposit their cash in hand, which was in demonetised notes.
Sadananda Gowda feels heat of demonetisation as Karnataka hospital refuses to release brother's body
Gowda's brother DV Bhaskar Gowda passed away after a brief illness on Tuesday and the hospital administration declined accept the payment in old currency notes.
The I-T department said that the man had come in Dimapur on a jet that had taken off from Sirsa in Haryana early on Tuesday.
The DCP appealed to the citizens not to fall into the trap of such rackets which claim of changing the old currency notes with new ones outside the banking system.
Hailing the Indian government's decision to ban Rs 500 and Rs 1,000 notes, former RBI Governor Duvvuri Subbarao has said it would be a positive move for investment and will result in disinflation.
ATMs of many banks were reported running dry as as there were heavy rush to withdraw lower denomination currency notes.
Banks are saying that they are trying to recalibrate the ATMs for higher denomination notes which will take them some days.
The Centre on Thursday filed a caveat in the Supreme Court that it be heard if the court entertains any petition on demonetisation of Rs 1,000 and Rs 500 notes even as the apex court indicated that it may hear on 15 November a plea challenging the government decision.
PM Narendra Modi should beware that his moves of banning Rs 500 and Rs 1,000 notes for the greater good may end up putting poor into trouble.
The government of India has just created a 50-day hawala window for those with black money – albeit in a loose sense. Modi fans describe it as a "surgical strike." Less than 48 hours after the announcement, it seems the scheme, like the strike, is controversial for its timing, manner and style.