-The Times of India NEW DELHI: If you are still left with scrapped Rs 1,000 and Rs 500 notes, having failed to deposit them in banks by the December 30 deadline, you could hold on to them till July-end. The Supreme Court said on Tuesday it would decide in July whether the government should be asked to open a window for those who could not deposit the scrapped notes in time due...
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Note ban hit not just poor, but manufacturing sector too: House panel -Abantika Ghosh
-The Indian Express When announcing the decision on November 8, the government had said the then Rs 500 and Rs 1,000 notes would cease to be legal tender and this would cleanse the system of black money. A Parliamentary panel has come down heavily on demonetisation, describing it as one that not just inconvenienced the poor but also affected the manufacturing sector. “It was an effort to combat corruption, tax evasion and...
More »Counterfeiting of new notes worries agencies
-The Hindu Officials want security features changed every 3-4 years That the new Rs. 2,000 and Rs. 500 notes have the same security features as the old Rs. 500 and Rs. 1,000 ones has the security agencies worried. At a high-level meeting last week to discuss the presence of fake Currency notes, officials at North Block were informed that the “covert security features” had not been changed since 2005. The Hindu had reported on...
More »Par panel to summon RBI Governor Urjit Patel again on April 20
-PTI Besides Patel, Economic Affairs Secretary Sashikanta Das and Financial Services Secretary Anjuly Chib Duggal are also being asked to appear before the Committee. A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked Currency has been deposited in banks post note ban and the progress made in remonetisation. The meeting of the Standing Committees on Finance, headed by former cabinet minister M...
More »Law matters, not PM's word: A-G to SC on note ban deadline -Utkarsh Anand
-The Indian Express "There is no question of PM’s speech...if PM says March 31, 2017 but the law says December 30, 2016, the law will prevail over the PM. Let’s be clear about that first," the A-G submitted before a bench led by Chief Justice of India J S Khehar The Central government’s top law officer, Attorney General Mukul Rohatgi, told Supreme Court Tuesday that the “law will prevail over” Prime Minister...
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