Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh    </title>
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-The Hindu Business Line

Remonetisation taking place at a good pace, RBI Governor tells House panel

New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one..."/>
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Remonetisation taking place at a good pace, RBI Governor tells House panel

New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one..." />
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    <h1 class="cat-box-title">Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Remonetisation taking place at a good pace, RBI Governor tells House panel<br /><br />New Delhi: </em>RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done.<br /><br />Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by him showed that as of June 23, the total notes in circulation (NIC) in the system, as per the weekly statistical supplement of RBI, stood at ?15,07,443 crore, which is 85.4 per cent of the NIC as on November 4, 2016, just before the announcement of demonetisation.<br /><br />In the week ending January 6, 2017, the NIC was ?8,73,402 crore, the lowest in the last nine months.<br /><br />Members in the panel from the Opposition were not happy with his presentation as the RBI yet again skipped the queries on the volume and worth of ?1,000 and ?500 notes that have come back to the RBI after the process. Apparently losing patience, senior Congress member Digvijaya Singh is learnt to have asked the RBI Governor whether he can give the details at least before May 2019.<br /><br />Another MP urged him to print expiry on the new notes so that people can wait for another round of demonetisation. The panel, headed by veteran Congress MP Veerappa Moily, has given more time to the RBI to come up with written answers to the queries of the members. .<br /><br />The RBI Governor told the members in a written submission, a copy of which is with BusinessLine, that notes received during demonetisation &ldquo;are required to be reconciled with the reported figures&rdquo; to ensure accounting integrity. He said the notes will be processed for verifying numerical accuracy and authenticity through CVPS machines.<br /><br />The bank said though the work has been accorded top priority, the CVPS machines&rsquo; capacity is limited. &ldquo;All regional offices of the RBI have been operating the currency verification and processing machines in two shifts on all days, including Saturdays and holidays.<br /><br />&ldquo;We have also added machine capability by making use of the large machines available with commercial banks for processing of these notes, under our supervision,&rdquo; Patel said.<br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true" class="re" target="_blank">The Hindu Business Line, 12 July, http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Remonetisation taking place at a good pace, RBI Governor tells House panel<br /><br />New Delhi: </em>RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done.<br /><br />Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by him showed that as of June 23, the total notes in circulation (NIC) in the system, as per the weekly statistical supplement of RBI, stood at ?15,07,443 crore, which is 85.4 per cent of the NIC as on November 4, 2016, just before the announcement of demonetisation.<br /><br />In the week ending January 6, 2017, the NIC was ?8,73,402 crore, the lowest in the last nine months.<br /><br />Members in the panel from the Opposition were not happy with his presentation as the RBI yet again skipped the queries on the volume and worth of ?1,000 and ?500 notes that have come back to the RBI after the process. Apparently losing patience, senior Congress member Digvijaya Singh is learnt to have asked the RBI Governor whether he can give the details at least before May 2019.<br /><br />Another MP urged him to print expiry on the new notes so that people can wait for another round of demonetisation. The panel, headed by veteran Congress MP Veerappa Moily, has given more time to the RBI to come up with written answers to the queries of the members. .<br /><br />The RBI Governor told the members in a written submission, a copy of which is with BusinessLine, that notes received during demonetisation &ldquo;are required to be reconciled with the reported figures&rdquo; to ensure accounting integrity. He said the notes will be processed for verifying numerical accuracy and authenticity through CVPS machines.<br /><br />The bank said though the work has been accorded top priority, the CVPS machines&rsquo; capacity is limited. &ldquo;All regional offices of the RBI have been operating the currency verification and processing machines in two shifts on all days, including Saturdays and holidays.<br /><br />&ldquo;We have also added machine capability by making use of the large machines available with commercial banks for processing of these notes, under our supervision,&rdquo; Patel said.<br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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-The Hindu Business Line

Remonetisation taking place at a good pace, RBI Governor tells House panel

New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one..." />
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    <h1 class="cat-box-title">Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh</h1>
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                            <div align="justify">-The Hindu Business Line<br /><br /><em>Remonetisation taking place at a good pace, RBI Governor tells House panel<br /><br />New Delhi: </em>RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done.<br /><br />Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by him showed that as of June 23, the total notes in circulation (NIC) in the system, as per the weekly statistical supplement of RBI, stood at ?15,07,443 crore, which is 85.4 per cent of the NIC as on November 4, 2016, just before the announcement of demonetisation.<br /><br />In the week ending January 6, 2017, the NIC was ?8,73,402 crore, the lowest in the last nine months.<br /><br />Members in the panel from the Opposition were not happy with his presentation as the RBI yet again skipped the queries on the volume and worth of ?1,000 and ?500 notes that have come back to the RBI after the process. Apparently losing patience, senior Congress member Digvijaya Singh is learnt to have asked the RBI Governor whether he can give the details at least before May 2019.<br /><br />Another MP urged him to print expiry on the new notes so that people can wait for another round of demonetisation. The panel, headed by veteran Congress MP Veerappa Moily, has given more time to the RBI to come up with written answers to the queries of the members. .<br /><br />The RBI Governor told the members in a written submission, a copy of which is with BusinessLine, that notes received during demonetisation &ldquo;are required to be reconciled with the reported figures&rdquo; to ensure accounting integrity. He said the notes will be processed for verifying numerical accuracy and authenticity through CVPS machines.<br /><br />The bank said though the work has been accorded top priority, the CVPS machines&rsquo; capacity is limited. &ldquo;All regional offices of the RBI have been operating the currency verification and processing machines in two shifts on all days, including Saturdays and holidays.<br /><br />&ldquo;We have also added machine capability by making use of the large machines available with commercial banks for processing of these notes, under our supervision,&rdquo; Patel said.<br /><br />Please <a href="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true" title="http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh

Published on Jul 13, 2017   Modified on Jul 13, 2017

-The Hindu Business Line Remonetisation taking place at a good pace, RBI Governor tells House panel New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done. Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by him showed that as of June 23, the total notes in circulation (NIC) in the system, as per the weekly statistical supplement of RBI, stood at ?15,07,443 crore, which is 85.4 per cent of the NIC as on November 4, 2016, just before the announcement of demonetisation. In the week ending January 6, 2017, the NIC was ?8,73,402 crore, the lowest in the last nine months. Members in the panel from the Opposition were not happy with his presentation as the RBI yet again skipped the queries on the volume and worth of ?1,000 and ?500 notes that have come back to the RBI after the process. Apparently losing patience, senior Congress member Digvijaya Singh is learnt to have asked the RBI Governor whether he can give the details at least before May 2019. Another MP urged him to print expiry on the new notes so that people can wait for another round of demonetisation. The panel, headed by veteran Congress MP Veerappa Moily, has given more time to the RBI to come up with written answers to the queries of the members. . The RBI Governor told the members in a written submission, a copy of which is with BusinessLine, that notes received during demonetisation “are required to be reconciled with the reported figures” to ensure accounting integrity. He said the notes will be processed for verifying numerical accuracy and authenticity through CVPS machines. The bank said though the work has been accorded top priority, the CVPS machines’ capacity is limited. “All regional offices of the RBI have been operating the currency verification and processing machines in two shifts on all days, including Saturdays and holidays. “We have also added machine capability by making use of the large machines available with commercial banks for processing of these notes, under our supervision,” Patel said. Please click here to read more.

The Hindu Business Line, 12 July, http://www.thehindubusinessline.com/money-and-banking/nonavailability-of-machines-slowed-down-counting-of-withdrawn-notes-urjit-patel/article9763324.ece?homepage=true

Tagged with: Currency demonetisation Demonetisation Currency Verification Processing System (CVPS) machines Parliamentary Standing Committee RBI Reserve Bank of India

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