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
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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
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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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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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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
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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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                            <div align="justify">-TheNewsMinute.com<br /><br /><em>How much black money will get back into the system?<br /></em><br />As of November 8, high-denomination notes of Rs. 500 and Rs. 1000 were 86.4% of the total currency in circulation, and ceased to be legal tender due to the demonetisation. RBI denotes these demonetised notes as &ldquo;Specified Bank Notes&rdquo; (SBN). As per RBI Annual Report 2015-2016, as of March 31, 2016, the value of the total SBN is Rs. 14.18 lakh crores. Volume-wise, it consists of 15,707 million Rs. 500 notes and 6,326 million Rs. 1000 notes, that&rsquo;s a total of 22,033 million notes. Meanwhile, the total currency in circulation value-wise increased to Rs. 17.975 Lakh crores (4/11/2016) from Rs. 16.415 lakh crores (31/03/2016). <br /><br />Exact information of the amount of SBN as on 8/11/16 is now in public domain, thanks to an answer submitted in the Rajya Sabha, which shows that 17,165 million pieces of Rs. 500 (Rs. 8.582 lakh crores) and 6,858 million pieces of Rs. 1000 (Rs. 6.858 lakh crores) are in circulation (Total Value: Rs. 15.44 lakh crores; Total Volume: 24023 million pieces).<br /><br />To print and replace 24,023 million notes is an enormous challenge, considering this sheer volume of notes to be printed and capacity of our printing presses.<br /><br />Please <a href="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824" title="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824" class="re" target="_blank">TheNewsMinute.com, 26 December, 2016, http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824</a><div class="clear"></div>
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                            <div align="justify">-TheNewsMinute.com<br /><br /><em>How much black money will get back into the system?<br /></em><br />As of November 8, high-denomination notes of Rs. 500 and Rs. 1000 were 86.4% of the total currency in circulation, and ceased to be legal tender due to the demonetisation. RBI denotes these demonetised notes as &ldquo;Specified Bank Notes&rdquo; (SBN). As per RBI Annual Report 2015-2016, as of March 31, 2016, the value of the total SBN is Rs. 14.18 lakh crores. Volume-wise, it consists of 15,707 million Rs. 500 notes and 6,326 million Rs. 1000 notes, that&rsquo;s a total of 22,033 million notes. Meanwhile, the total currency in circulation value-wise increased to Rs. 17.975 Lakh crores (4/11/2016) from Rs. 16.415 lakh crores (31/03/2016). <br /><br />Exact information of the amount of SBN as on 8/11/16 is now in public domain, thanks to an answer submitted in the Rajya Sabha, which shows that 17,165 million pieces of Rs. 500 (Rs. 8.582 lakh crores) and 6,858 million pieces of Rs. 1000 (Rs. 6.858 lakh crores) are in circulation (Total Value: Rs. 15.44 lakh crores; Total Volume: 24023 million pieces).<br /><br />To print and replace 24,023 million notes is an enormous challenge, considering this sheer volume of notes to be printed and capacity of our printing presses.<br /><br />Please <a href="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824" title="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824" class="re" target="_blank">TheNewsMinute.com, 26 December, 2016, http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824</a><div class="clear"></div>
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                            <div align="justify">-TheNewsMinute.com<br /><br /><em>How much black money will get back into the system?<br /></em><br />As of November 8, high-denomination notes of Rs. 500 and Rs. 1000 were 86.4% of the total currency in circulation, and ceased to be legal tender due to the demonetisation. RBI denotes these demonetised notes as &ldquo;Specified Bank Notes&rdquo; (SBN). As per RBI Annual Report 2015-2016, as of March 31, 2016, the value of the total SBN is Rs. 14.18 lakh crores. Volume-wise, it consists of 15,707 million Rs. 500 notes and 6,326 million Rs. 1000 notes, that&rsquo;s a total of 22,033 million notes. Meanwhile, the total currency in circulation value-wise increased to Rs. 17.975 Lakh crores (4/11/2016) from Rs. 16.415 lakh crores (31/03/2016). <br /><br />Exact information of the amount of SBN as on 8/11/16 is now in public domain, thanks to an answer submitted in the Rajya Sabha, which shows that 17,165 million pieces of Rs. 500 (Rs. 8.582 lakh crores) and 6,858 million pieces of Rs. 1000 (Rs. 6.858 lakh crores) are in circulation (Total Value: Rs. 15.44 lakh crores; Total Volume: 24023 million pieces).<br /><br />To print and replace 24,023 million notes is an enormous challenge, considering this sheer volume of notes to be printed and capacity of our printing presses.<br /><br />Please <a href="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824" title="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824" class="re" target="_blank">TheNewsMinute.com, 26 December, 2016, http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824</a><div class="clear"></div>
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Why demonetisation is a disaster - detailed analysis of RBI data -James Wilson

Published on Dec 27, 2016   Modified on Dec 30, 2016

-TheNewsMinute.com How much black money will get back into the system? As of November 8, high-denomination notes of Rs. 500 and Rs. 1000 were 86.4% of the total currency in circulation, and ceased to be legal tender due to the demonetisation. RBI denotes these demonetised notes as “Specified Bank Notes” (SBN). As per RBI Annual Report 2015-2016, as of March 31, 2016, the value of the total SBN is Rs. 14.18 lakh crores. Volume-wise, it consists of 15,707 million Rs. 500 notes and 6,326 million Rs. 1000 notes, that’s a total of 22,033 million notes. Meanwhile, the total currency in circulation value-wise increased to Rs. 17.975 Lakh crores (4/11/2016) from Rs. 16.415 lakh crores (31/03/2016). Exact information of the amount of SBN as on 8/11/16 is now in public domain, thanks to an answer submitted in the Rajya Sabha, which shows that 17,165 million pieces of Rs. 500 (Rs. 8.582 lakh crores) and 6,858 million pieces of Rs. 1000 (Rs. 6.858 lakh crores) are in circulation (Total Value: Rs. 15.44 lakh crores; Total Volume: 24023 million pieces). To print and replace 24,023 million notes is an enormous challenge, considering this sheer volume of notes to be printed and capacity of our printing presses. Please click here to read more.

TheNewsMinute.com, 26 December, 2016, http://www.thenewsminute.com/article/why-demonetization-disaster-detailed-analysis-rbi-data-54824

Tagged with: Demonetisation Currency demonetisation black money Reserve Bank of India

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