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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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Over 4.5 million Maharashtra farmers enrol for farm loan waiver -Abhiram Ghadyalpatil

-Livemint.com 3.9 million of these 4.5 million Maharashtra farmers applied for farm loan waivers online Mumbai: Even as opposition parties in Maharashtra continue to criticize the online procedure to identify the beneficiaries of farm loan waiver, farmers themselves have responded in large numbers to the initiative. By 30 August, more than 4.5 million farmers in the state had enrolled for the scheme and nearly 3.9 million of them had submitted their online...

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No information on how much black money removed by note ban, says RBI

-PTI NEW DELHI: The RBI has told a parliamentary panel that it has "no information" on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban. Stating that an estimated Rs 15.28 lakh crore in junked notes has come back "subject to future corrections based on verification process", the Reserve Bank also said it...

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Nariman praises bold HC judges who pulled up Centre, Khattar

-The Tribune Noted jurist Fali S Nariman on Sunday congratulated the judges of Punjab and Haryana High Court who pulled up the Centre and the Manohar Lal Khattar government for their failure to prevent the loss of lives and property in the violence after a CBI court convicted Dera Sacha Sauda chief Gurmeet Ram Rahim of rape. “Heartiest congratulations to the brave judges of the Full Bench of the High Court, who...

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Supreme Court to states: Implement Food Security Act -J Venkatesan

-The Asian Age The AG assured the court that the law would be implemented across the country. New Delhi: Even as the Supreme Court on Wednesday asked the Centre, all states and Union Territories to implement provisions of the Food Security Act, attorney general K.K. Venugopal cautioned the court about issuing directions by expanding the scope of the petition relating to drought relief. A bench of Justices Madan B. Lokur and N.V. Ramana...

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