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
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 {
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        LATEST NEWS UPDATES | With Rs 9.9 lakh crore back, Centre&#039;s estimates may go for a toss    </title>
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NEW DELHI: With over three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes, deposits in the scrapped currency continue to swell, straining the Centre's estimate of how much of the illegal..."/>
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    <h1 class="cat-box-title">With Rs 9.9 lakh crore back, Centre&#039;s estimates may go for a toss</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>With over three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes, deposits in the scrapped currency continue to swell, straining the Centre's estimate of how much of the illegal tender might not come back into the system.<br /><br />Government data shows deposits in two high denomination notes by Saturday evening had totalled Rs 9.85 lakh crore. The imposing figure, shared by sources on condition of anonymity, challenges the Centre's estimate that demonetisation might flush out about Rs 3 lakh crore in black money that may never come back. With more cash sure to flow in before December 30 when the window closes, this figure might shrink.<br /><br />Sources said the government expected at least 10% of the Rs 14.6 lakh crore to disappear for good: a prospect which would have reduced the RBI's liability and it could have passed on the money thus saved as dividend to the government.<br /><br />Sources feel the endless stream of deposits illustrate that those with illegal hordes have been able to find ways to convert &quot;black&quot; into deposits.<br /><br />PM Narendra Modi referred to the widespread &quot;renting&quot; of Jan Dhan accounts. Preliminary investigation has thrown up the curious pattern of a massive number of deposits of Rs 49,000, the threshold to avoid furnishing PAN number needed for deposits of Rs 50,000 and above.<br /><br />The Centre is aware of laundering on &quot;industrial scale&quot;, and has responded by tweaking regulations &mdash; the biggest example being the changes in the Income Tax Act to provide for stiff penalty and tax on undeclared amounts now surfacing in accounts. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms" title="http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">With Rs 9.9 lakh crore back, Centre&#039;s estimates may go for a toss</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>With over three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes, deposits in the scrapped currency continue to swell, straining the Centre's estimate of how much of the illegal tender might not come back into the system.<br /><br />Government data shows deposits in two high denomination notes by Saturday evening had totalled Rs 9.85 lakh crore. The imposing figure, shared by sources on condition of anonymity, challenges the Centre's estimate that demonetisation might flush out about Rs 3 lakh crore in black money that may never come back. With more cash sure to flow in before December 30 when the window closes, this figure might shrink.<br /><br />Sources said the government expected at least 10% of the Rs 14.6 lakh crore to disappear for good: a prospect which would have reduced the RBI's liability and it could have passed on the money thus saved as dividend to the government.<br /><br />Sources feel the endless stream of deposits illustrate that those with illegal hordes have been able to find ways to convert &quot;black&quot; into deposits.<br /><br />PM Narendra Modi referred to the widespread &quot;renting&quot; of Jan Dhan accounts. Preliminary investigation has thrown up the curious pattern of a massive number of deposits of Rs 49,000, the threshold to avoid furnishing PAN number needed for deposits of Rs 50,000 and above.<br /><br />The Centre is aware of laundering on &quot;industrial scale&quot;, and has responded by tweaking regulations &mdash; the biggest example being the changes in the Income Tax Act to provide for stiff penalty and tax on undeclared amounts now surfacing in accounts. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms" title="http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms">click here</a> to read more. <br /></div>                                                           
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    <h1 class="cat-box-title">With Rs 9.9 lakh crore back, Centre&#039;s estimates may go for a toss</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>With over three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes, deposits in the scrapped currency continue to swell, straining the Centre's estimate of how much of the illegal tender might not come back into the system.<br /><br />Government data shows deposits in two high denomination notes by Saturday evening had totalled Rs 9.85 lakh crore. The imposing figure, shared by sources on condition of anonymity, challenges the Centre's estimate that demonetisation might flush out about Rs 3 lakh crore in black money that may never come back. With more cash sure to flow in before December 30 when the window closes, this figure might shrink.<br /><br />Sources said the government expected at least 10% of the Rs 14.6 lakh crore to disappear for good: a prospect which would have reduced the RBI's liability and it could have passed on the money thus saved as dividend to the government.<br /><br />Sources feel the endless stream of deposits illustrate that those with illegal hordes have been able to find ways to convert &quot;black&quot; into deposits.<br /><br />PM Narendra Modi referred to the widespread &quot;renting&quot; of Jan Dhan accounts. Preliminary investigation has thrown up the curious pattern of a massive number of deposits of Rs 49,000, the threshold to avoid furnishing PAN number needed for deposits of Rs 50,000 and above.<br /><br />The Centre is aware of laundering on &quot;industrial scale&quot;, and has responded by tweaking regulations &mdash; the biggest example being the changes in the Income Tax Act to provide for stiff penalty and tax on undeclared amounts now surfacing in accounts. <br /><br />Please <a href="http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms" title="http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms">click here</a> to read more. <br /></div>                                                           
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With Rs 9.9 lakh crore back, Centre's estimates may go for a toss

Published on Dec 4, 2016   Modified on Dec 4, 2016

-The Times of India NEW DELHI: With over three weeks to go for the deadline to deposit invalidated 500 and 1,000 rupee notes, deposits in the scrapped currency continue to swell, straining the Centre's estimate of how much of the illegal tender might not come back into the system. Government data shows deposits in two high denomination notes by Saturday evening had totalled Rs 9.85 lakh crore. The imposing figure, shared by sources on condition of anonymity, challenges the Centre's estimate that demonetisation might flush out about Rs 3 lakh crore in black money that may never come back. With more cash sure to flow in before December 30 when the window closes, this figure might shrink. Sources said the government expected at least 10% of the Rs 14.6 lakh crore to disappear for good: a prospect which would have reduced the RBI's liability and it could have passed on the money thus saved as dividend to the government. Sources feel the endless stream of deposits illustrate that those with illegal hordes have been able to find ways to convert "black" into deposits. PM Narendra Modi referred to the widespread "renting" of Jan Dhan accounts. Preliminary investigation has thrown up the curious pattern of a massive number of deposits of Rs 49,000, the threshold to avoid furnishing PAN number needed for deposits of Rs 50,000 and above. The Centre is aware of laundering on "industrial scale", and has responded by tweaking regulations — the biggest example being the changes in the Income Tax Act to provide for stiff penalty and tax on undeclared amounts now surfacing in accounts. Please click here to read more.

The Times of India, 4 December, 2016, http://timesofindia.indiatimes.com/india/With-Rs-9-9-lakh-crore-back-Centres-estimates-may-go-for-a-toss/articleshow/55781624.cms

Tagged with: Demonetisation Currency demonetisation black money

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