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\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\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')) {

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        LATEST NEWS UPDATES | No information on how much black money removed by note ban, says RBI    </title>
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-PTI

NEW DELHI: The RBI has told a parliamentary panel that it has &quot;no information&quot; on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency..."/>
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-PTI

NEW DELHI: The RBI has told a parliamentary panel that it has &quot;no information&quot; on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency..." />
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                            <div align="justify">-PTI<br /><br /><em>NEW DELHI: </em>The RBI has told a parliamentary panel that it has &quot;no information&quot; on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban.<br /><br />Stating that an estimated Rs 15.28 lakh crore in junked notes has come back &quot;subject to future corrections based on verification process&quot;, the Reserve Bank also said it has &quot;no information&quot; whether demonetisation is being planned to be implemented at regular intervals.<br /><br />The RBI has been facing flak from the opposition parties for demonetisation and delay in disclosing figures on the junked notes, even as the government has maintained that the November 8, 2016 decision to ban Rs 500/1,000 notes in circulation at that time has helped in curbing black money, among other benefits.<br /><br />Last week in its annual report, the RBI finally made public the details of the junked notes that have come back into the system putting the figure at Rs 15.28 lakh crore. The same figure has now been shared with the Parliamentary Standing Committee on Finance.<br /><br />Replying to queries from the panel, the RBI said the verification for authenticity and numerical accuracy are still on, while some of the specified bank notes (old Rs 500/1,000 notes) which were accepted by banks and post offices are still lying in currency chests.<br /><br />The central bank also informed the panel that the completion of the process of verification will take time in view of the large volume involved.<br /><br />The process is &quot;going on in full swing&quot; with most RBI offices working in double shifts and with the help of high-end verification machines, the central bank said.<br /><br />&quot;Till such time, these notes are processed by the RBI, their numerical accuracy and authenticity, only in estimation of SBNs received back is possible. Subject to future correction, based on verification process when completed, the estimated value of SBNs received as on June 30 is Rs 15.28 trillion,&quot; the RBI said in its written reply to the panel.<br /><br />To a query on how much amount of black money has been extinguished as a result of demonetisation, the central bank said, &quot;The RBI has no information in this regard.&quot;<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms" title="http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">No information on how much black money removed by note ban, says RBI</h1>
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                            <div align="justify">-PTI<br /><br /><em>NEW DELHI: </em>The RBI has told a parliamentary panel that it has &quot;no information&quot; on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban.<br /><br />Stating that an estimated Rs 15.28 lakh crore in junked notes has come back &quot;subject to future corrections based on verification process&quot;, the Reserve Bank also said it has &quot;no information&quot; whether demonetisation is being planned to be implemented at regular intervals.<br /><br />The RBI has been facing flak from the opposition parties for demonetisation and delay in disclosing figures on the junked notes, even as the government has maintained that the November 8, 2016 decision to ban Rs 500/1,000 notes in circulation at that time has helped in curbing black money, among other benefits.<br /><br />Last week in its annual report, the RBI finally made public the details of the junked notes that have come back into the system putting the figure at Rs 15.28 lakh crore. The same figure has now been shared with the Parliamentary Standing Committee on Finance.<br /><br />Replying to queries from the panel, the RBI said the verification for authenticity and numerical accuracy are still on, while some of the specified bank notes (old Rs 500/1,000 notes) which were accepted by banks and post offices are still lying in currency chests.<br /><br />The central bank also informed the panel that the completion of the process of verification will take time in view of the large volume involved.<br /><br />The process is &quot;going on in full swing&quot; with most RBI offices working in double shifts and with the help of high-end verification machines, the central bank said.<br /><br />&quot;Till such time, these notes are processed by the RBI, their numerical accuracy and authenticity, only in estimation of SBNs received back is possible. Subject to future correction, based on verification process when completed, the estimated value of SBNs received as on June 30 is Rs 15.28 trillion,&quot; the RBI said in its written reply to the panel.<br /><br />To a query on how much amount of black money has been extinguished as a result of demonetisation, the central bank said, &quot;The RBI has no information in this regard.&quot;<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms" title="http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | No information on how much black money removed by note ban, says RBI    </title>
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-PTI

NEW DELHI: The RBI has told a parliamentary panel that it has &quot;no information&quot; on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency..."/>
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    <h1 class="cat-box-title">No information on how much black money removed by note ban, says RBI</h1>
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                            <div align="justify">-PTI<br /><br /><em>NEW DELHI: </em>The RBI has told a parliamentary panel that it has &quot;no information&quot; on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban.<br /><br />Stating that an estimated Rs 15.28 lakh crore in junked notes has come back &quot;subject to future corrections based on verification process&quot;, the Reserve Bank also said it has &quot;no information&quot; whether demonetisation is being planned to be implemented at regular intervals.<br /><br />The RBI has been facing flak from the opposition parties for demonetisation and delay in disclosing figures on the junked notes, even as the government has maintained that the November 8, 2016 decision to ban Rs 500/1,000 notes in circulation at that time has helped in curbing black money, among other benefits.<br /><br />Last week in its annual report, the RBI finally made public the details of the junked notes that have come back into the system putting the figure at Rs 15.28 lakh crore. The same figure has now been shared with the Parliamentary Standing Committee on Finance.<br /><br />Replying to queries from the panel, the RBI said the verification for authenticity and numerical accuracy are still on, while some of the specified bank notes (old Rs 500/1,000 notes) which were accepted by banks and post offices are still lying in currency chests.<br /><br />The central bank also informed the panel that the completion of the process of verification will take time in view of the large volume involved.<br /><br />The process is &quot;going on in full swing&quot; with most RBI offices working in double shifts and with the help of high-end verification machines, the central bank said.<br /><br />&quot;Till such time, these notes are processed by the RBI, their numerical accuracy and authenticity, only in estimation of SBNs received back is possible. Subject to future correction, based on verification process when completed, the estimated value of SBNs received as on June 30 is Rs 15.28 trillion,&quot; the RBI said in its written reply to the panel.<br /><br />To a query on how much amount of black money has been extinguished as a result of demonetisation, the central bank said, &quot;The RBI has no information in this regard.&quot;<br /><br />Please <a href="http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms" title="http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms">click here</a> to read more. <br /></div>                                                           
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No information on how much black money removed by note ban, says RBI

Published on Sep 5, 2017   Modified on Sep 5, 2017

-PTI NEW DELHI: The RBI has told a parliamentary panel that it has "no information" on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban. Stating that an estimated Rs 15.28 lakh crore in junked notes has come back "subject to future corrections based on verification process", the Reserve Bank also said it has "no information" whether demonetisation is being planned to be implemented at regular intervals. The RBI has been facing flak from the opposition parties for demonetisation and delay in disclosing figures on the junked notes, even as the government has maintained that the November 8, 2016 decision to ban Rs 500/1,000 notes in circulation at that time has helped in curbing black money, among other benefits. Last week in its annual report, the RBI finally made public the details of the junked notes that have come back into the system putting the figure at Rs 15.28 lakh crore. The same figure has now been shared with the Parliamentary Standing Committee on Finance. Replying to queries from the panel, the RBI said the verification for authenticity and numerical accuracy are still on, while some of the specified bank notes (old Rs 500/1,000 notes) which were accepted by banks and post offices are still lying in currency chests. The central bank also informed the panel that the completion of the process of verification will take time in view of the large volume involved. The process is "going on in full swing" with most RBI offices working in double shifts and with the help of high-end verification machines, the central bank said. "Till such time, these notes are processed by the RBI, their numerical accuracy and authenticity, only in estimation of SBNs received back is possible. Subject to future correction, based on verification process when completed, the estimated value of SBNs received as on June 30 is Rs 15.28 trillion," the RBI said in its written reply to the panel. To a query on how much amount of black money has been extinguished as a result of demonetisation, the central bank said, "The RBI has no information in this regard." Please click here to read more.

The Times of India, 4 September, 2017, http://timesofindia.indiatimes.com/business/india-business/no-information-on-how-much-black-money-removed-by-note-ban-says-rbi/articleshow/60365571.cms

Tagged with: Black Economy Currency demonetisation Demonetisation Note Ban

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