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Note ban anniversary: RBI says still verifying returned notes

-PTI NEW DELHI: Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said. In reply to an RTI query, the central bank said it has processed about 1,134 crore pieces of Rs 500 notes and 524.90 crore pieces of Rs 1,000 junked notes, having face...

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Bank Aadhaar linking: RBI never issued any order, reveals RTI -Yogesh Sapkale

-MoneyLife.in Even as banks are on an overdrive to push customers to link their Aadhaar numbers to bank accounts on the threat of suspending accounts, the Reserve Bank of India (RBI) has told us that it has never issued any such directions. This was in response to a Right to Information (RTI) Act application filed by me. The RBI’s emphatic RTI response makes it clear that the decision is entirely that...

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SIT on blackmoney under the RTI Act: CIC

-PTI The SIT was set up on the orders of the Supreme Court in 2014 through a government notification to suggest methods to curb black money in the economy. The Supreme Court appointed Special Investigation Team on black money is answerable under the RTI Act, the Central Information Commission has held. Bringing SIT under the RTI Act, Information Commissioner Bimal Julka said every action of the government must be actuated in...

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Has no counting machines but using sophisticated tools to check scrapped notes: RBI

-PTI NEW DELHI: The Reserve Bank of India (RBI) is not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the currency notes, including SBNs (Specified Bank Notes that have...

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Maharashtra Collector Confirms EVM Malfunctioning In RTI Reply, Votes Went To Lotus Symbol

-Outlook Contrary to the claim by the Election Commission of India (ECI), an RTI response from Maharashtra’s Buldhana district collectorate has confirmed malfunctioning of electronic voting machine (EVM), reported IANS. According to the report, Buldhana collectorate's election department has replied to an RTI query confirming that votes of an independent candidate had gone to BJP’s lotus symbol. The “EVM fraud” happened during February 16 elections to Buldhana Zilla Parishad from Lonar, at a...

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