PM Modi was not at all in favour of Rs 2,000 notes. But, as demonetisation was to be done in a limited time, he gave reluctant permission for it, said former Principal Secretary to Prime Minister Narendra Modi.
PIB fact check busts rumours claiming currency notes of Rs 500 are fake in which the proximity of the green strip is not near to the Reserve Bank of India (RBI) Governor's signature.
Banks have started dispensing more of Rs 500 notes instead of Rs 2,000 denomination notes, a move seen as gradual phasing out of the high denomination currency.
Opposition today forced adjournment of the proceedings in the Rajya Sabha over what it called as the "biggest scam of this century" in the printing of two different sizes for the new currencies.
The Centre today asserted in the Supreme Court that it was not inclined to grant any more grace period for depositing the scrapped Rs 500 and Rs 1,000 notes.
The new batch of Rs 500 notes will be in circulation along with the notes introduced after Centre's demonetisation announcement in November last year.
Sharing particulars about import of paper for printing of Rs 500 and Rs 2,000 notes would affect India's sovereignty, a RBI-owned bank note printing company has said.
Reserve Bank of India had kept ready a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi, Urjit Patel has told a Parliamentary Committee.
Customs officials have registered a few cases, where demonetised banknotes were sent abroad by courier, and seized over Rs 1 lakh in such notes.
For every Rs 500 note, the Reserve Bank of India (RBI) spends Rs 3.09 as cost towards paper, printing and other charges.
In a latest announcement that tightens its demonetisation policy, the government on Thursday said that petrol pumps, LPG stations and air ticket counters will accept old Rs 500 notes till December 2. The earlier deadline
In 12 days after announcement of demonetisation by Narendra Modi, old notes worth Rs 8.15 crore were deposited in banks by DTC officials.
Prime Minister Narendra Modi on November 8 announced the decision to scrap Rs 500 and Rs 1000 notes. Here is an analysis of what government is claiming it would achieve.
Law enforcement agencies which possess a huge cache of old Rs 1,000 and Rs 500 notes, seized over the years as case property, have said that demonetisation will have no impact on them.
The decision to extend the deadline is believed to have been taken after Prime Minister Narendra Modi held a review meeting with Finance Minister Arun Jaitley and senior officials of the government.
India's income tax laws allow exemptions for members of tribal community of Northeast which is being misused by black money hoarders.
A Bihar-based businessman, travelling alone in a chartered jet, was apprehended today at the airport in Nagaland's Dimapur for allegedly carrying Rs 3.5 crore in demonetised currency.
Prime Minister Narendra Modi today said that he found it unfortunate that people in public life had mustered the courage to speak out in support of black money and corruption.
Will the new notes of Rs 500 and Rs 2000 which replace the demonetised currency of Rs 500 and Rs 1000 find itself in circulation soon?
CPI today alleged that country's economy is in chaos in wake of the demonetisation move and demanded that the Centre should allow use of old notes till December 31 and it pressed for action against real black money hoarders and those named in Panama.
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