LATEST NEWS UPDATES | Cabinet clears ordinance to punish people holding banned notes beyond deadline -Suchetana Ray

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
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

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')) {

                trigger_error($message, E_USER_WARNING);

            } else {

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</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">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680480b5210f9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.&lt;br /&gt;
&lt;br /&gt;
The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.&lt;br /&gt;
&lt;br /&gt;
The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&amp;rdquo; said a finance ministry official who didn&amp;rsquo;t want to be named.&lt;br /&gt;
&lt;br /&gt;
The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.
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New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.

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&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.&lt;br /&gt;
&lt;br /&gt;
The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.&lt;br /&gt;
&lt;br /&gt;
The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&amp;rdquo; said a finance ministry official who didn&amp;rsquo;t want to be named.&lt;br /&gt;
&lt;br /&gt;
The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.
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New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs...&#039;
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-Hindustan Times

New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &ldquo;high amount&rdquo; of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs..."/>
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                <div align="justify">-Hindustan Times<br /><br /><em>New Delhi: </em>The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &ldquo;high amount&rdquo; of scrapped banknotes.<br /><br />The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.<br /><br />The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.<br /><br />&ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&rdquo; said a finance ministry official who didn&rsquo;t want to be named.<br /><br />The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.</div>               </font>
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</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">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680480b5210f9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Hindustan Times&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.&lt;br /&gt;
&lt;br /&gt;
The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.&lt;br /&gt;
&lt;br /&gt;
The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&amp;rdquo; said a finance ministry official who didn&amp;rsquo;t want to be named.&lt;br /&gt;
&lt;br /&gt;
The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.
&lt;/div&gt;&#039;,
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New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs...&#039;,
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&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.&lt;br /&gt;
&lt;br /&gt;
The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.&lt;br /&gt;
&lt;br /&gt;
The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&amp;rdquo; said a finance ministry official who didn&amp;rsquo;t want to be named.&lt;br /&gt;
&lt;br /&gt;
The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.
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-Hindustan Times

New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs...&#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
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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/cabinet-clears-ordinance-to-punish-people-holding-banned-notes-beyond-deadline-suchetana-ray-4680901.html"/>
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-Hindustan Times

New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &ldquo;high amount&rdquo; of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs..."/>
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                <strong>Cabinet clears ordinance to punish people holding banned notes beyond deadline -Suchetana Ray</strong></h1>
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                <div align="justify">-Hindustan Times<br /><br /><em>New Delhi: </em>The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &ldquo;high amount&rdquo; of scrapped banknotes.<br /><br />The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.<br /><br />The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.<br /><br />&ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&rdquo; said a finance ministry official who didn&rsquo;t want to be named.<br /><br />The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.</div>               </font>
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Code Context

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680480b5210f9-trace').style.display = (document.getElementById('cakeErr680480b5210f9-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="cakeErr680480b5210f9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680480b5210f9-code').style.display = (document.getElementById('cakeErr680480b5210f9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680480b5210f9-context').style.display = (document.getElementById('cakeErr680480b5210f9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680480b5210f9-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">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr680480b5210f9-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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&lt;em&gt;New Delhi: &lt;/em&gt;The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &amp;ldquo;high amount&amp;rdquo; of scrapped banknotes.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&amp;rdquo; said a finance ministry official who didn&amp;rsquo;t want to be named.&lt;br /&gt;
&lt;br /&gt;
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-Hindustan Times

New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &ldquo;high amount&rdquo; of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs..."/>
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                <div align="justify">-Hindustan Times<br /><br /><em>New Delhi: </em>The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a &ldquo;high amount&rdquo; of scrapped banknotes.<br /><br />The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.<br /><br />The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.<br /><br />&ldquo;There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,&rdquo; said a finance ministry official who didn&rsquo;t want to be named.<br /><br />The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.</div>               </font>
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The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs...' $disp = '<div align="justify">-Hindustan Times New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a “high amount” of scrapped banknotes. The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with. The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31. “There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,” said a finance ministry official who didn’t want to be named. 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-Hindustan Times

New Delhi: The Union cabinet cleared on Wednesday an ordinance to penalise those found holding a “high amount” of scrapped banknotes.

The Specified Bank Notes Cessation of Liabilities Ordinance makes holding a large number of old Rs 1000 and Rs 500 notes a criminal offence that will attract a jail term and a monetary penalty of five times the amount of old cash one is caught with.

The ordinance allows exchange of limited amounts of banknotes at offices of the Reserve Bank of India until March 31.

“There will be strict monitoring of the source of the old notes exchanged after December 30 at RBI offices,” said a finance ministry official who didn’t want to be named.

The ordinance also has a set of exceptions for which old notes will be permitted to be used, sources said.