Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. No proposal to re-introduce 1, rupee notes: FinMin "There is no proposal to reintroduce 1, rupee note" said Economic Affairs Secretary Subhash Chandra Garg in a tweet.
RBI says no data on demonetised , 1, notes used at petrol pumps On November 8, , the Modi govt banned the use of old and 1, rupee notes. Currency ban: Tirupati sets up credit card machines They hadn't stopped anyone from putting demonetised notes in the donation boxes, but were not accepting Rs and Rs 1, notes for donations in their offices.
With Rs 9. A year after note ban, cashless economy is still a distant dream The number and value of cashless transactions, understandably, shot up right after the note ban, and has now come down to pre-demonetisation levels.
All News Videos Photos. The Security Press at Nashik undertook first the printing of 5 Rupees notes of the same new pattern that the Bank of England was printing since They were released from Kanpur circle on October 9, This was followed by the notes of Rupees of the pattern of the notes printed in England since The notes of Rupees 10 of an entirely new pattern, different from those printed in England were printed at Nashik and issued in July At the same time, the notes of Rupees 50 of an entirely new pattern were also issued for the first time.
The high denomination notes of Rupees , and 10, continued to be printed by the Bank of England in the old pattern, until its contract was finally terminated in December Nashik Press undertook the printing of the notes of Rs. These notes, like the notes of smaller denominations were entirely new in the designs and were printed on both sides.
Prior to the issue of these new notes, the notes of these denominations were cashable only at their office of issue at Calcutta, Bombay, Madras, Kanpur, Lahore and Rangoon. The new notes were universalized and were cashable anywhere in the country, irrespective of the name of the circle printed on them. Along with these new notes, the old unifaced notes continued in circulation, but were not reissued once they reached the currency offices.
Former Prime Minister Manmohan Singh today reserved his critique on the budget but questioned Finance Minister Arun Jaitley's statement on the impact of demonetization being transient. India's economy is expected to grow by between 6. The survey said the economy should steady after the hit from Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy.
He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of and More News ». Here's How. The Biggest Stories of November 18,
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