-BusinessToday.in The earlier rules for exchanging damaged currency notes did not apply to Rs 200 and Rs 2,000, and the notes released under the Mahatma Gandhi series due to their smaller sizes. While exchanging a damaged Rs 2,000 or Rs 200 note, you may get nothing or only half their value in refund depending on how badly the note is mutilated or soiled. The Reserve Bank of India has amended its guidelines...
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Note ban failed to curb the menace of counterfeit currency, indicates RBI's Annual Report
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...
More »Delhi govt to give 10% discount on common mobility card for bus rides -Vatsala Shrangi
-Hindustan Times The Delhi government had launched the common mobility card service on August 25, enabling commuters to pay bus fares through their Metro cards. New Delhi: The Delhi government plans to give 10% discount to the users of newly launched common mobility card in all state-run buses. The transport department will put up the proposal before the Cabinet within a week. The move is aimed at encouraging more passengers to use...
More »Demonetisation findings accessed: Eight reasons why BJP wants DeMo report buried
-TimesNowNews.com Times Now has accessed the demonetisation draft report which has upset the BJP, whose MPs want the report suppressed. And there are eight reasons why the BJP doesn’t want to face the report in Parliament. New Delhi: The Parliamentary Standing Committee on Finance, headed by Congress leader Veerappa Moily, has concluded in its draft report that demonetisation, announced by the Narendra Modi government in November 2016, had led to at...
More »'With 3,200 dams, Maharashtra at risk of Kerala-like floods' -Nitin Yeshwantrao
-The Times of India THANE: The devastation caused by the floods in Kerala could be a preview to a similar disaster in-waiting in several cities and town of Maharashtra, where a combination of heavy rains, poor dam management and builder-driven encroachments in the flood control line could lead to a repeat of July 26, 2005, experts claimed. Maharashtra, with a total of 3,264 dams, could be highly vulnerable to devastating floods and...
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