Although containing Fake notes in circulation was one of the objectives behind demonetisation when it was undertaken in 2016, recent data from the Reserve Bank of India (RBI) reveals that Fake counterparts of some denominations grew during 2017-18 vis-à-vis the previous year. The recently released Annual Report for 2017-18 of the RBI shows that the total number of pieces of counterfeit notes of Rs. 2000/- denomination, which was detected in the...

-PTI New Delhi: The government said demonetisation of high-value currency notes in November 2016 achieved the objectives “quite substantially” even as the Reserve Bank of India reported most of the demonetised currency was back with the banks. The RBI annual report released on Wednesday said 99.3% of Rs 500 and Rs 1,000 junked notes came back to banks. “I think demonetisation has achieved its objective quite substantially,” economic affairs secretary Subhash Chandra...

-The Hindu Business Line Value of banknotes in circulation increased to Rs 18.03 lakh crore as at end-March 2018 Mumbai: Close to 99.40 per cent of specified bank notes (SBNs) of Rs 500 and Rs 1,000 denominations, which were scrapped in the November-December 2016 period, have been returned from circulation, according to the Reserve Bank of India's annual report. The report pegged the total SBNs returned from circulation at Rs 15.31 lakh crore....

-Reporters Without Borders Reporters Without Borders (RSF) calls on the Indian authorities to ban a group of pro-government Hindu nationalists who have launched an online campaign against “biased” journalists. RSF also urges the authorities to guarantee the physical and professional survival of journalists threatened by these militants. This online militia unveiled its existence on Twitter last week, calling itself “India Against Biased Media” and using the hashtag #IABM to recruit volunteers. Its...

-The Telegraph New Delhi: The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved guidelines for granting special remission to certain categories of prisoners, including women, transgenders and the differently abled, as part of commemorating the 150th birth anniversary of Mahatma Gandhi. According to the decision, women and transgender convicts who are at least 55 years old and have completed half their sentences will be granted the remission and set...