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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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]
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7dcba29cf2-trace').style.display = (document.getElementById('cakeErr67f7dcba29cf2-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="cakeErr67f7dcba29cf2-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7dcba29cf2-code').style.display = (document.getElementById('cakeErr67f7dcba29cf2-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7dcba29cf2-context').style.display = (document.getElementById('cakeErr67f7dcba29cf2-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7dcba29cf2-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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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;
&lt;br /&gt;
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;
&lt;br /&gt;
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;
&lt;br /&gt;
According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;
&lt;br /&gt;
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;
&lt;br /&gt;
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. 
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New...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;&lt;br /&gt;Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;&lt;br /&gt;Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;&lt;br /&gt;According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;&lt;br /&gt;This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;&lt;br /&gt;The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot; title=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;
&lt;br /&gt;
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;
&lt;br /&gt;
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;
&lt;br /&gt;
According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;
&lt;br /&gt;
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;
&lt;br /&gt;
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. 
&lt;/div&gt;
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	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 27 November, 2016, http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&#039;,
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-The Indian Express

It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...&#039;
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-The Indian Express

It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

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                <strong>Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp; Aanchal Magazine</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /></em><br /><em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /><br />&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br /><br />Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br /><br />Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br /><br />Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br /><br />According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br /><br />This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br /><br />&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br /><br />The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/" title="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;
&lt;br /&gt;
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;
&lt;br /&gt;
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;
&lt;br /&gt;
According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;
&lt;br /&gt;
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;
&lt;br /&gt;
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. 
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-The Indian Express

It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;&lt;br /&gt;Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;&lt;br /&gt;Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;&lt;br /&gt;According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;&lt;br /&gt;This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;&lt;br /&gt;The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot; title=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp;amp; Aanchal Magazine&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;
&lt;br /&gt;
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;
&lt;br /&gt;
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;
&lt;br /&gt;
According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;
&lt;br /&gt;
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;
&lt;br /&gt;
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. 
&lt;/div&gt;
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-The Indian Express

It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;&lt;br /&gt;Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;&lt;br /&gt;Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;&lt;br /&gt;According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;&lt;br /&gt;This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;&lt;br /&gt;The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot; title=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;
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-The Indian Express

It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

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                <strong>Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp; Aanchal Magazine</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /></em><br /><em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /><br />&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br /><br />Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br /><br />Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br /><br />Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br /><br />According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br /><br />This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br /><br />&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br /><br />The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/" title="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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		&#039;title&#039; =&gt; &#039;Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp;amp; Aanchal Magazine&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;
&lt;br /&gt;
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;
&lt;br /&gt;
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;
&lt;br /&gt;
According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;
&lt;br /&gt;
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;
&lt;br /&gt;
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. 
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-The Indian Express

It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;&lt;br /&gt;Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;&lt;br /&gt;Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;&lt;br /&gt;According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;&lt;br /&gt;This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;&lt;br /&gt;The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot; title=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;
&lt;br /&gt;
Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;
&lt;br /&gt;
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;
&lt;br /&gt;
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;
&lt;br /&gt;
According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;
&lt;br /&gt;
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;
&lt;br /&gt;
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. 
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 27 November, 2016, http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&#039;,
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-The Indian Express

It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;It could be &amp;ldquo;several months&amp;rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &amp;ldquo;which are not ideal for transacting&amp;rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &amp;ldquo;several months&amp;rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &amp;lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&amp;rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &amp;ldquo;normal transactional volumes&amp;rdquo;.&lt;br /&gt;&lt;br /&gt;Official details about the central bank&amp;rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.&lt;br /&gt;&lt;br /&gt;Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.&lt;br /&gt;&lt;br /&gt;Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.&lt;br /&gt;&lt;br /&gt;According to the Credit Suisse report, considering trends in the past week, &amp;ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&amp;rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.&lt;br /&gt;&lt;br /&gt;This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&amp;hellip;,&amp;rdquo; the report said.&lt;br /&gt;&lt;br /&gt;The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot; title=&quot;http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/&quot;&gt;click here&lt;/a&gt; to read more. &lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&#039;
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-The Indian Express

It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

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                <strong>Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp; Aanchal Magazine</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /></em><br /><em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /><br />&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br /><br />Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br /><br />Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br /><br />Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br /><br />According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br /><br />This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br /><br />&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br /><br />The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/" title="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. </div><div align="justify">&nbsp;</div>               </font>
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		'title' => 'Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul & Aanchal Magazine',
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-The Indian Express<br />
<br />
<em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br />
</em><br />
<em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br />
<br />
&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br />
<br />
Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br />
<br />
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br />
<br />
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br />
<br />
According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br />
<br />
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br />
<br />
&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br />
<br />
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br />
<br />
Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. 
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-The Indian Express

It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...',
	'disp' => '<div align="justify">-The Indian Express<br /><br /><em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /></em><br /><em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /><br />&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br /><br />Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br /><br />Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br /><br />Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br /><br />According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br /><br />This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br /><br />&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br /><br />The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/" title="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. </div><div align="justify">&nbsp;</div>',
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	'title' => 'Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp; Aanchal Magazine',
	'subheading' => '',
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-The Indian Express<br />
<br />
<em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br />
</em><br />
<em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br />
<br />
&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br />
<br />
Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br />
<br />
Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br />
<br />
Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br />
<br />
According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br />
<br />
This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br />
<br />
&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br />
<br />
The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br />
<br />
Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. 
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$metaTitle = 'LATEST NEWS UPDATES | Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul &amp; Aanchal Magazine'
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-The Indian Express

It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.

New...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>It could be &ldquo;several months&rdquo; before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /></em><br /><em>New Delhi: </em>As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, &ldquo;which are not ideal for transacting&rdquo;, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be &ldquo;several months&rdquo; before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates.<br /><br />&ldquo;To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency &lt;15 per cent of the total currency, they are unable to provide enough liquidity to transact,&rdquo; the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the &ldquo;normal transactional volumes&rdquo;.<br /><br />Official details about the central bank&rsquo;s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons.<br /><br />Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement.<br /><br />Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23.<br /><br />According to the Credit Suisse report, considering trends in the past week, &ldquo;it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500&rdquo;. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value.<br /><br />This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017.<br /><br />&ldquo;The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable&hellip;,&rdquo; the report said.<br /><br />The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/" title="http://indianexpress.com/article/business/economy/demonetisation-rs-14-lakh-crore-cash-value-out-only-1-5-lakh-crore-in-says-report-4397409/">click here</a> to read more. </div><div align="justify">&nbsp;</div>'
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Demonetisation: Rs 14 lakh crore cash value out, only 1.5 lakh crore in, says report -Pranav Mukul & Aanchal Magazine

-The Indian Express It could be “several months” before RBI is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates. New Delhi: As the country struggles to cope with a desperate shortage of currency, new notes worth only Rs 1.5 lakh crore have come into circulation so far, says a November 25 Credit Suisse research report. A large share of this amount has been in the form of Rs 2,000 notes, “which are not ideal for transacting”, says the report. The Rs 1.5 lakh crore worth of new notes supplement the Rs 2.2 lakh crore of residual currency (other than Rs 500 and Rs 1,000 notes) already in circulation. But it could be “several months” before the Reserve Bank of India is able to plug the Rs 14.18 lakh crore hole left behind by the withdrawal of the 2,203 crore pieces of Rs 500 and Rs 1,000 notes, as per the estimates. “To meet the new currency demand, industry estimates indicate that the RBI has already been able to print 150 crore (Rs 3 lakh crore worth of currency). However, these notes being high value and with remaining currency <15 per cent of the total currency, they are unable to provide enough liquidity to transact,” the report says, adding that it estimates a need for 1,000-2,000 crore pieces of the new Rs 500 notes to get back to the “normal transactional volumes”. Official details about the central bank’s print order are sketchy. On November 18, the RBI had informed Madras High Court that it could not disclose details of the release of the new Rs 500 denomination note to banks because of security reasons. Four days later, on November 22, the RBI disclosed that banks had disbursed Rs 1.03 lakh crore to customers through branches and ATMs since November 10 until November 18. Banks had garnered Rs 5.44 lakh crore (exchange amounted to Rs 33,006 crore and deposits amounted to Rs. 5.11 lakh crore), RBI said in statement. Of the Rs 14.18 lakh crore worth of notes that were discontinued, cash deposited in banks amounted to approximately Rs 6 lakh crore, according to a representation made by Attorney General Mukul Rohatgi to the Supreme Court on November 23. According to the Credit Suisse report, considering trends in the past week, “it appears RBI has been able to print only 4-5 crore pieces/day of the new Rs 500”. It said that until last weekend about 40 crore of these were issued to the banks, which translated to only Rs 20,000 crore in value. This is broadly corroborated by ICICI Securities Primary Dealership data, which, based on RBI data on production of notes over the last three years and some assumptions, estimates that 64% of the value of older high denomination notes would be in circulation by January 2017. “The requirement of notes could be higher if normal demand for currency picks up as and when the government relaxes withdrawal limits and more ATMs become operational. It is possible that the circulation normalises before January 2017 but for that the presses would need to operate at more than 150% capacity utilisation, which might be physically improbable…,” the report said. The crunch might go on for longer considering that at 100% capacity, ICICI Securities estimates, normalcy might not be restored until March 2017. Please click here to read more.