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: 150
 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::index() - APP/Controller/ArtileDetailController.php, line 150
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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);

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Demonetisation: The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.

New Delhi:..."/>
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Demonetisation: The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.

New Delhi:..." />
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    <h1 class="cat-box-title">Demonetisation: Figure may hit 100% if &#039;pipeline&#039; collections taken into account, say officials -Ritu Sarin</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Demonetisation: The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.<br /><br />New Delhi: </em>On a day when the Reserve Bank of India (RBI) released the data for collected demonetised currency, top RBI officials told The Indian Express that the figure could creep closer to the 100 per cent mark if, what they describe as &ldquo;pipeline&rdquo; collections of banned Rs 1,000 and Rs 500 currency notes, are also accounted for. The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.<br /><br />Secondly, a large amount of currency was deposited by people with District Central Cooperative Banks (DCCBs) in four days of the demonetisation drive (November 10th-November 14th, 2016) before this deposit facility was withdrawn. The &ldquo;pipeline&rdquo; category also includes banned Rs 1,000 and Rs 500 notes seized by the income tax department in raids as well as money deposited by defaulters and litigants in courts as penalty or fine.<br /><br />According to a top official: &ldquo;The RBI had said it would honestly place the collection figure before the public which it has. But there is also demonetised currency in the pipeline and for instance, it is the NABARD now which is doing the KYC checks for each of the depositor in the DCCBs and that exercise is still not over and it is estimated that the deposits of four days are upward of Rs 7,000 crore.&rdquo;<br /><br />In the case of demonetised currency for citizens of Nepal, the finance ministry had announced that an exchange facility would soon be in place but despite visits of NRB officials to India and an RBI delegation to Kathmandu, the modalities were never finalised. RBI officials, it is understood, had wanted the exchange limit for Nepalese nationals to run concurrently with the exchange limits in India, while the Nepalese wanted the ceiling to be in the range of Rs 25,000 per person.<br /><br />The demonetised collections would include cash deposited by Nepalese nationals in banks, financial institutions and with NRB. An Indian official involved with the discussions said: &ldquo;The RBI did not want any misuse of the exchange facility in Nepal and a similar scheme ran smoothly in Bhutan. We said take it or leave it and now demonetised Indian currency is still lying with thousands of Nepalese citizens.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/" title="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/" class="re" target="_blank">The Indian Express, 31 August, 2017, http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Demonetisation: Figure may hit 100% if &#039;pipeline&#039; collections taken into account, say officials -Ritu Sarin</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Demonetisation: The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.<br /><br />New Delhi: </em>On a day when the Reserve Bank of India (RBI) released the data for collected demonetised currency, top RBI officials told The Indian Express that the figure could creep closer to the 100 per cent mark if, what they describe as &ldquo;pipeline&rdquo; collections of banned Rs 1,000 and Rs 500 currency notes, are also accounted for. The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.<br /><br />Secondly, a large amount of currency was deposited by people with District Central Cooperative Banks (DCCBs) in four days of the demonetisation drive (November 10th-November 14th, 2016) before this deposit facility was withdrawn. The &ldquo;pipeline&rdquo; category also includes banned Rs 1,000 and Rs 500 notes seized by the income tax department in raids as well as money deposited by defaulters and litigants in courts as penalty or fine.<br /><br />According to a top official: &ldquo;The RBI had said it would honestly place the collection figure before the public which it has. But there is also demonetised currency in the pipeline and for instance, it is the NABARD now which is doing the KYC checks for each of the depositor in the DCCBs and that exercise is still not over and it is estimated that the deposits of four days are upward of Rs 7,000 crore.&rdquo;<br /><br />In the case of demonetised currency for citizens of Nepal, the finance ministry had announced that an exchange facility would soon be in place but despite visits of NRB officials to India and an RBI delegation to Kathmandu, the modalities were never finalised. RBI officials, it is understood, had wanted the exchange limit for Nepalese nationals to run concurrently with the exchange limits in India, while the Nepalese wanted the ceiling to be in the range of Rs 25,000 per person.<br /><br />The demonetised collections would include cash deposited by Nepalese nationals in banks, financial institutions and with NRB. An Indian official involved with the discussions said: &ldquo;The RBI did not want any misuse of the exchange facility in Nepal and a similar scheme ran smoothly in Bhutan. We said take it or leave it and now demonetised Indian currency is still lying with thousands of Nepalese citizens.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/" title="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/" class="re" target="_blank">The Indian Express, 31 August, 2017, http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/</a><div class="clear"></div>
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-The Indian Express

Demonetisation: The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.

New Delhi:..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>Demonetisation: The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.<br /><br />New Delhi: </em>On a day when the Reserve Bank of India (RBI) released the data for collected demonetised currency, top RBI officials told The Indian Express that the figure could creep closer to the 100 per cent mark if, what they describe as &ldquo;pipeline&rdquo; collections of banned Rs 1,000 and Rs 500 currency notes, are also accounted for. The &ldquo;pipeline&rdquo; demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify.<br /><br />Secondly, a large amount of currency was deposited by people with District Central Cooperative Banks (DCCBs) in four days of the demonetisation drive (November 10th-November 14th, 2016) before this deposit facility was withdrawn. The &ldquo;pipeline&rdquo; category also includes banned Rs 1,000 and Rs 500 notes seized by the income tax department in raids as well as money deposited by defaulters and litigants in courts as penalty or fine.<br /><br />According to a top official: &ldquo;The RBI had said it would honestly place the collection figure before the public which it has. But there is also demonetised currency in the pipeline and for instance, it is the NABARD now which is doing the KYC checks for each of the depositor in the DCCBs and that exercise is still not over and it is estimated that the deposits of four days are upward of Rs 7,000 crore.&rdquo;<br /><br />In the case of demonetised currency for citizens of Nepal, the finance ministry had announced that an exchange facility would soon be in place but despite visits of NRB officials to India and an RBI delegation to Kathmandu, the modalities were never finalised. RBI officials, it is understood, had wanted the exchange limit for Nepalese nationals to run concurrently with the exchange limits in India, while the Nepalese wanted the ceiling to be in the range of Rs 25,000 per person.<br /><br />The demonetised collections would include cash deposited by Nepalese nationals in banks, financial institutions and with NRB. An Indian official involved with the discussions said: &ldquo;The RBI did not want any misuse of the exchange facility in Nepal and a similar scheme ran smoothly in Bhutan. We said take it or leave it and now demonetised Indian currency is still lying with thousands of Nepalese citizens.&rdquo;<br /><br />Please <a href="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/" title="http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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Demonetisation: Figure may hit 100% if 'pipeline' collections taken into account, say officials -Ritu Sarin

Published on Aug 31, 2017   Modified on Aug 31, 2017

-The Indian Express Demonetisation: The “pipeline” demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify. New Delhi: On a day when the Reserve Bank of India (RBI) released the data for collected demonetised currency, top RBI officials told The Indian Express that the figure could creep closer to the 100 per cent mark if, what they describe as “pipeline” collections of banned Rs 1,000 and Rs 500 currency notes, are also accounted for. The “pipeline” demonetised collections, according to these officials, include banned notes lying with citizens in Nepal as deliberations between the RBI and the Nepal Rashtra Bank (NRB) for the exchange of such notes did not fructify. Secondly, a large amount of currency was deposited by people with District Central Cooperative Banks (DCCBs) in four days of the demonetisation drive (November 10th-November 14th, 2016) before this deposit facility was withdrawn. The “pipeline” category also includes banned Rs 1,000 and Rs 500 notes seized by the income tax department in raids as well as money deposited by defaulters and litigants in courts as penalty or fine. According to a top official: “The RBI had said it would honestly place the collection figure before the public which it has. But there is also demonetised currency in the pipeline and for instance, it is the NABARD now which is doing the KYC checks for each of the depositor in the DCCBs and that exercise is still not over and it is estimated that the deposits of four days are upward of Rs 7,000 crore.” In the case of demonetised currency for citizens of Nepal, the finance ministry had announced that an exchange facility would soon be in place but despite visits of NRB officials to India and an RBI delegation to Kathmandu, the modalities were never finalised. RBI officials, it is understood, had wanted the exchange limit for Nepalese nationals to run concurrently with the exchange limits in India, while the Nepalese wanted the ceiling to be in the range of Rs 25,000 per person. The demonetised collections would include cash deposited by Nepalese nationals in banks, financial institutions and with NRB. An Indian official involved with the discussions said: “The RBI did not want any misuse of the exchange facility in Nepal and a similar scheme ran smoothly in Bhutan. We said take it or leave it and now demonetised Indian currency is still lying with thousands of Nepalese citizens.” Please click here to read more.

The Indian Express, 31 August, 2017, http://indianexpress.com/article/business/economy/figure-may-hit-100-per-cent-if-pipeline-collections-taken-into-account-officials-4821462/

Tagged with: Currency demonetisation Demonetisation RBI Reserve Bank of India (RBI)

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