Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0dddbeeb13-trace').style.display = (document.getElementById('cakeErr67f0dddbeeb13-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0dddbeeb13-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0dddbeeb13-code').style.display = (document.getElementById('cakeErr67f0dddbeeb13-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0dddbeeb13-context').style.display = (document.getElementById('cakeErr67f0dddbeeb13-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0dddbeeb13-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr67f0dddbeeb13-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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		&#039;id&#039; =&gt; (int) 34545,
		&#039;title&#039; =&gt; &#039;99% of scrapped notes back with banks, says RBI report&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;
&lt;br /&gt;
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.&lt;br /&gt;
&lt;br /&gt;
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.&lt;br /&gt;
&lt;br /&gt;
To make matters worse, the central bank&#039;s printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.&lt;br /&gt;
&lt;br /&gt;
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&amp;quot; the 
RBI said.&lt;br /&gt;
&lt;br /&gt;
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;
&lt;br /&gt;
RBI&#039;s
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
As a result, RBI&#039;s dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
year. Dividend was also lower because RBI chose to transfer Rs 13,000 
crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;
&lt;br /&gt;
Unearthing
of fake currency through demonetisation has also turned out to be 
muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;&lt;br /&gt;Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.&lt;br /&gt;&lt;br /&gt;In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.&lt;br /&gt;&lt;br /&gt;To make matters worse, the central bank&#039;s printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.&lt;br /&gt;&lt;br /&gt;The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.&lt;br /&gt;&lt;br /&gt;Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&amp;quot; the RBI said.&lt;br /&gt;&lt;br /&gt;Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;&lt;br /&gt;RBI&#039;sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.&lt;br /&gt;&lt;br /&gt;As a result, RBI&#039;s dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;&lt;br /&gt;Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;
&lt;br /&gt;
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.&lt;br /&gt;
&lt;br /&gt;
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.&lt;br /&gt;
&lt;br /&gt;
To make matters worse, the central bank&#039;s printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.&lt;br /&gt;
&lt;br /&gt;
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&amp;quot; the 
RBI said.&lt;br /&gt;
&lt;br /&gt;
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;
&lt;br /&gt;
RBI&#039;s
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
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&lt;br /&gt;
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&lt;br /&gt;
Unearthing
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muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
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&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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MUMBAI: The 
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and Rs 1000 notes on November 8, 2016...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;&lt;br /&gt;Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.&lt;br /&gt;&lt;br /&gt;In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.&lt;br /&gt;&lt;br /&gt;To make matters worse, the central bank&#039;s printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.&lt;br /&gt;&lt;br /&gt;The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.&lt;br /&gt;&lt;br /&gt;Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&amp;quot; the RBI said.&lt;br /&gt;&lt;br /&gt;Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;&lt;br /&gt;RBI&#039;sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.&lt;br /&gt;&lt;br /&gt;As a result, RBI&#039;s dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;&lt;br /&gt;Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/99-of-scrapped-notes-back-with-banks-says-rbi-report-4682650.html"/>
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016..."/>
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                <strong>99% of scrapped notes back with banks, says RBI report</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br /><br />Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.<br /><br />In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.<br /><br />To make matters worse, the central bank's printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.<br /><br />The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.<br /><br />Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&quot; the RBI said.<br /><br />Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br /><br />RBI'sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.<br /><br />As a result, RBI's dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &mdash; a first in three years.<br /><br />Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms" title="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0dddbeeb13-trace').style.display = (document.getElementById('cakeErr67f0dddbeeb13-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0dddbeeb13-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0dddbeeb13-code').style.display = (document.getElementById('cakeErr67f0dddbeeb13-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0dddbeeb13-context').style.display = (document.getElementById('cakeErr67f0dddbeeb13-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0dddbeeb13-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;99% of scrapped notes back with banks, says RBI report&#039;,
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;
&lt;br /&gt;
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.&lt;br /&gt;
&lt;br /&gt;
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.&lt;br /&gt;
&lt;br /&gt;
To make matters worse, the central bank&#039;s printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.&lt;br /&gt;
&lt;br /&gt;
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&amp;quot; the 
RBI said.&lt;br /&gt;
&lt;br /&gt;
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;
&lt;br /&gt;
RBI&#039;s
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
As a result, RBI&#039;s dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
year. Dividend was also lower because RBI chose to transfer Rs 13,000 
crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;
&lt;br /&gt;
Unearthing
of fake currency through demonetisation has also turned out to be 
muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Times of India, 31 August, 2017, http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&#039;,
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MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
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and Rs 1000 notes on November 8, 2016...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;&lt;br /&gt;Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.&lt;br /&gt;&lt;br /&gt;In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.&lt;br /&gt;&lt;br /&gt;To make matters worse, the central bank&#039;s printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.&lt;br /&gt;&lt;br /&gt;The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.&lt;br /&gt;&lt;br /&gt;Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&amp;quot; the RBI said.&lt;br /&gt;&lt;br /&gt;Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;&lt;br /&gt;RBI&#039;sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.&lt;br /&gt;&lt;br /&gt;As a result, RBI&#039;s dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;&lt;br /&gt;Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;
&lt;br /&gt;
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.&lt;br /&gt;
&lt;br /&gt;
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.&lt;br /&gt;
&lt;br /&gt;
To make matters worse, the central bank&#039;s printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.&lt;br /&gt;
&lt;br /&gt;
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&amp;quot; the 
RBI said.&lt;br /&gt;
&lt;br /&gt;
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;
&lt;br /&gt;
RBI&#039;s
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
As a result, RBI&#039;s dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
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crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;
&lt;br /&gt;
Unearthing
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muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Times of India, 31 August, 2017, http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&#039;,
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--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;&lt;br /&gt;Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.&lt;br /&gt;&lt;br /&gt;In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.&lt;br /&gt;&lt;br /&gt;To make matters worse, the central bank&#039;s printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.&lt;br /&gt;&lt;br /&gt;The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.&lt;br /&gt;&lt;br /&gt;Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&amp;quot; the RBI said.&lt;br /&gt;&lt;br /&gt;Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;&lt;br /&gt;RBI&#039;sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.&lt;br /&gt;&lt;br /&gt;As a result, RBI&#039;s dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;&lt;br /&gt;Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016..."/>
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                <strong>99% of scrapped notes back with banks, says RBI report</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br /><br />Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.<br /><br />In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.<br /><br />To make matters worse, the central bank's printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.<br /><br />The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.<br /><br />Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&quot; the RBI said.<br /><br />Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br /><br />RBI'sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.<br /><br />As a result, RBI's dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &mdash; a first in three years.<br /><br />Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms" title="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br /></div>               </font>
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</span></code></span>
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;
&lt;br /&gt;
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.&lt;br /&gt;
&lt;br /&gt;
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.&lt;br /&gt;
&lt;br /&gt;
To make matters worse, the central bank&#039;s printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.&lt;br /&gt;
&lt;br /&gt;
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&amp;quot; the 
RBI said.&lt;br /&gt;
&lt;br /&gt;
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;
&lt;br /&gt;
RBI&#039;s
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
As a result, RBI&#039;s dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
year. Dividend was also lower because RBI chose to transfer Rs 13,000 
crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;
&lt;br /&gt;
Unearthing
of fake currency through demonetisation has also turned out to be 
muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;&lt;br /&gt;Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.&lt;br /&gt;&lt;br /&gt;In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.&lt;br /&gt;&lt;br /&gt;To make matters worse, the central bank&#039;s printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.&lt;br /&gt;&lt;br /&gt;The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.&lt;br /&gt;&lt;br /&gt;Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&amp;quot; the RBI said.&lt;br /&gt;&lt;br /&gt;Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;&lt;br /&gt;RBI&#039;sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.&lt;br /&gt;&lt;br /&gt;As a result, RBI&#039;s dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;&lt;br /&gt;Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Times of India&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;MUMBAI: &lt;/em&gt;The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;
&lt;br /&gt;
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.&lt;br /&gt;
&lt;br /&gt;
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.&lt;br /&gt;
&lt;br /&gt;
To make matters worse, the central bank&#039;s printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.&lt;br /&gt;
&lt;br /&gt;
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&amp;quot; the 
RBI said.&lt;br /&gt;
&lt;br /&gt;
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;
&lt;br /&gt;
RBI&#039;s
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.&lt;br /&gt;
&lt;br /&gt;
As a result, RBI&#039;s dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
year. Dividend was also lower because RBI chose to transfer Rs 13,000 
crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;
&lt;br /&gt;
Unearthing
of fake currency through demonetisation has also turned out to be 
muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Times of India&lt;br /&gt;&lt;br /&gt;&lt;em&gt;MUMBAI: &lt;/em&gt;The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.&lt;br /&gt;&lt;br /&gt;Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.&lt;br /&gt;&lt;br /&gt;In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.&lt;br /&gt;&lt;br /&gt;To make matters worse, the central bank&#039;s printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.&lt;br /&gt;&lt;br /&gt;The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.&lt;br /&gt;&lt;br /&gt;Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&amp;quot; the RBI said.&lt;br /&gt;&lt;br /&gt;Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank&#039;s finances.&lt;br /&gt;&lt;br /&gt;RBI&#039;sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.&lt;br /&gt;&lt;br /&gt;As a result, RBI&#039;s dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &amp;mdash; a first in three years.&lt;br /&gt;&lt;br /&gt;Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot; title=&quot;http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016..."/>
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                <strong>99% of scrapped notes back with banks, says RBI report</strong></h1>
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                <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br /><br />Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.<br /><br />In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.<br /><br />To make matters worse, the central bank's printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.<br /><br />The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.<br /><br />Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&quot; the RBI said.<br /><br />Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br /><br />RBI'sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.<br /><br />As a result, RBI's dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &mdash; a first in three years.<br /><br />Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms" title="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br /></div>               </font>
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-The Times of India<br />
<br />
<em>MUMBAI: </em>The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br />
<br />
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.<br />
<br />
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.<br />
<br />
To make matters worse, the central bank's printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.<br />
<br />
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.<br />
<br />
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&quot; the 
RBI said.<br />
<br />
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br />
<br />
RBI's
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.<br />
<br />
As a result, RBI's dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
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crore to its contingency fund &mdash; a first in three years.<br />
<br />
Unearthing
of fake currency through demonetisation has also turned out to be 
muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.<br />
<br />
Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br />
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016...',
	'disp' => '<div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br /><br />Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.<br /><br />In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.<br /><br />To make matters worse, the central bank's printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.<br /><br />The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.<br /><br />Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&quot; the RBI said.<br /><br />Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br /><br />RBI'sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.<br /><br />As a result, RBI's dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &mdash; a first in three years.<br /><br />Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms" title="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br /></div>',
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	'title' => '99% of scrapped notes back with banks, says RBI report',
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-The Times of India<br />
<br />
<em>MUMBAI: </em>The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br />
<br />
The
disclosure dashes hopes of the government earning a windfall by 
extinguishing trillions of rupees worth demonetised currency that has 
not been returned.<br />
<br />
In its annual report, the RBI said that the 
number of returned notes does not include the money collected by 
district central cooperative banks and from the notes deposited by 
citizens and financial institutions in Nepal, which are likely to be 
accepted.<br />
<br />
To make matters worse, the central bank's printing 
costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 
crore in the previous year and its interest income was hit due to 
demonetisation.<br />
<br />
The RBI has been tentative in releasing data on 
the currency received, stating that the number is only estimation. 
According to the RBI, some of the returned money is still lying 
uncounted in currency chests.<br />
<br />
Till such time these notes are 
processed by the RBI for their numerical accuracy and authenticity, only
an estimation of specified banknotes received back is possible,&quot; the 
RBI said.<br />
<br />
Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br />
<br />
RBI's
interest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in 
the previous year. RBI said income from domestic sources fell 17% to Rs 
43,232 crore as it had to pay out more interest on the money that it 
mopped up from banks as part of liquidity management post 
demonetisation.<br />
<br />
As a result, RBI's dividend to the government for
2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous 
year. Dividend was also lower because RBI chose to transfer Rs 13,000 
crore to its contingency fund &mdash; a first in three years.<br />
<br />
Unearthing
of fake currency through demonetisation has also turned out to be 
muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) 
were detected and in the case of Rs 1,000, currency notes 2.56 lakh 
pieces were detected.<br />
<br />
Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br />
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$metaTitle = 'LATEST NEWS UPDATES | 99% of scrapped notes back with banks, says RBI report'
$metaKeywords = 'Rs. 1000,Rs. 500,Currency demonetisation,Demonetisation'
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-The Times of India

MUMBAI: The 
Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore 
--or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 
and Rs 1000 notes on November 8, 2016...'
$disp = '<div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks.<br /><br />Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned.<br /><br />In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted.<br /><br />To make matters worse, the central bank's printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation.<br /><br />The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests.<br /><br />Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible,&quot; the RBI said.<br /><br />Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances.<br /><br />RBI'sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation.<br /><br />As a result, RBI's dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund &mdash; a first in three years.<br /><br />Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected.<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms" title="http://timesofindia.indiatimes.com/business/india-business/99-of-scrapped-notes-back-with-banks-says-rbi-report/articleshow/60299647.cms">click here</a> to read more. <br /></div>'
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99% of scrapped notes back with banks, says RBI report

-The Times of India MUMBAI: The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has been deposited with banks. Thedisclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not been returned. In its annual report, the RBI said that the number of returned notes does not include the money collected by district central cooperative banks and from the notes deposited by citizens and financial institutions in Nepal, which are likely to be accepted. To make matters worse, the central bank's printing costs have more than doubled to Rs 7,965 crore in 2016-17 from Rs 3,421 crore in the previous year and its interest income was hit due to demonetisation. The RBI has been tentative in releasing data on the currency received, stating that the number is only estimation. According to the RBI, some of the returned money is still lying uncounted in currency chests. Till such time these notes are processed by the RBI for their numerical accuracy and authenticity, onlyan estimation of specified banknotes received back is possible," the RBI said. Instead of boosting earnings, demonetisation has turned out to be a drain on the central bank's finances. RBI'sinterest income dropped 10% to Rs 66,051 crore from Rs 73,543 crore in the previous year. RBI said income from domestic sources fell 17% to Rs 43,232 crore as it had to pay out more interest on the money that it mopped up from banks as part of liquidity management post demonetisation. As a result, RBI's dividend to the government for2016-17 halved to Rs 30,659 crore from Rs 65,876 crore in the previous year. Dividend was also lower because RBI chose to transfer Rs 13,000 crore to its contingency fund — a first in three years. Unearthingof fake currency through demonetisation has also turned out to be muted. RBI said that 3.7 lakh pieces of Rs 500 fake notes (old design) were detected and in the case of Rs 1,000, currency notes 2.56 lakh pieces were detected. Please click here to read more.