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
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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);

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        LATEST NEWS UPDATES | Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin    </title>
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The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process..."/>
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The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process..." />
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    <h1 class="cat-box-title">Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India.<br /><br />New Delhi: </em>The government&rsquo;s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577 crore for what they estimate was the loss and wastage they had to incur due to the November 8, 2016 announcement of demonetisation of Rs 1,000 and Rs 500 currency notes.<br /><br />This adds another dimension to the demonetisation woes of the RBI which has, in its recently released annual report, admitted to lower profits and to paying the government a reduced annual dividend on account of it. Top government officials and officials in the currency paper printing establishment told The Indian Express that the matter was under discussion and since the printing presses were captive units &mdash; they do no commercial work &mdash; the losses they incurred on account of demonetisation would surely have to be offset.<br /><br />The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. Besides this, the printing presses are understood to have added cost of wasted ink and other materials used specifically for these denominations as well as the wasted cost of printing the sizeable stocks of currency notes lying in their establishments or being packed and transported &mdash; all being described as &ldquo;work in progress&rdquo; at the time of the dramatic announcement of demonetisation.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/" title="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/" class="re" target="_blank">The Indian Express, 6 September, 2017, http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India.<br /><br />New Delhi: </em>The government&rsquo;s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577 crore for what they estimate was the loss and wastage they had to incur due to the November 8, 2016 announcement of demonetisation of Rs 1,000 and Rs 500 currency notes.<br /><br />This adds another dimension to the demonetisation woes of the RBI which has, in its recently released annual report, admitted to lower profits and to paying the government a reduced annual dividend on account of it. Top government officials and officials in the currency paper printing establishment told The Indian Express that the matter was under discussion and since the printing presses were captive units &mdash; they do no commercial work &mdash; the losses they incurred on account of demonetisation would surely have to be offset.<br /><br />The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. Besides this, the printing presses are understood to have added cost of wasted ink and other materials used specifically for these denominations as well as the wasted cost of printing the sizeable stocks of currency notes lying in their establishments or being packed and transported &mdash; all being described as &ldquo;work in progress&rdquo; at the time of the dramatic announcement of demonetisation.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/" title="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process..."/>
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    <h1 class="cat-box-title">Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India.<br /><br />New Delhi: </em>The government&rsquo;s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577 crore for what they estimate was the loss and wastage they had to incur due to the November 8, 2016 announcement of demonetisation of Rs 1,000 and Rs 500 currency notes.<br /><br />This adds another dimension to the demonetisation woes of the RBI which has, in its recently released annual report, admitted to lower profits and to paying the government a reduced annual dividend on account of it. Top government officials and officials in the currency paper printing establishment told The Indian Express that the matter was under discussion and since the printing presses were captive units &mdash; they do no commercial work &mdash; the losses they incurred on account of demonetisation would surely have to be offset.<br /><br />The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. Besides this, the printing presses are understood to have added cost of wasted ink and other materials used specifically for these denominations as well as the wasted cost of printing the sizeable stocks of currency notes lying in their establishments or being packed and transported &mdash; all being described as &ldquo;work in progress&rdquo; at the time of the dramatic announcement of demonetisation.<br /><br />Please <a href="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/" title="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/" class="re" target="_blank">The Indian Express, 6 September, 2017, http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/</a><div class="clear"></div>
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Home हिन्दी

Printing presses to RBI: Pay us Rs 577 cr for note-ban loss -Ritu Sarin

Published on Sep 6, 2017   Modified on Sep 6, 2017

-The Indian Express The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. New Delhi: The government’s currency paper printing presses have asked the Reserve Bank of India (RBI) for compensation or reimbursement to the tune of Rs 577 crore for what they estimate was the loss and wastage they had to incur due to the November 8, 2016 announcement of demonetisation of Rs 1,000 and Rs 500 currency notes. This adds another dimension to the demonetisation woes of the RBI which has, in its recently released annual report, admitted to lower profits and to paying the government a reduced annual dividend on account of it. Top government officials and officials in the currency paper printing establishment told The Indian Express that the matter was under discussion and since the printing presses were captive units — they do no commercial work — the losses they incurred on account of demonetisation would surely have to be offset. The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India. Besides this, the printing presses are understood to have added cost of wasted ink and other materials used specifically for these denominations as well as the wasted cost of printing the sizeable stocks of currency notes lying in their establishments or being packed and transported — all being described as “work in progress” at the time of the dramatic announcement of demonetisation. Please click here to read more.

The Indian Express, 6 September, 2017, http://indianexpress.com/article/business/economy/printing-presses-to-rbi-pay-us-rs-577-cr-for-note-ban-loss-4830541/

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

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