The four persons were arrested yesterday and a case was registered against them under the Specified Bank Notes (Cessation of Liabilities) Act, 2017, police said.
The government has given a last chance to district cooperative banks, commercial banks and post offices to deposit the banned Rs 500 and Rs 1,000 notes with the Reserve Bank by July 20
Crowds at the Reserve Bank of India have suddenly swelled as the government’s massive demonetisation exercise today enters its final leg today.
The sudden discovery of Rs 96,500 cash in demonetised notes left by their late mother has created a difficult situation for an orphan brother-sister duo here.
The Supreme Court on Monday sought response from the Centre and the RBI on a plea alleging that people were not being allowed to deposit demonetised currency notes till March 31 as promised.
In yet another shocking revelation related to black money hoarding post demonetisation, it has been found that launderers and arms suppliers are pumping illegal wealth into tax-exempt bank accounts of local tribes and even as investments in guns in N
Banks have collected Rs 14 lakh crore of the Rs 15.4 lakh crore worth of Rs 500 and Rs 1,000 notes that were scrapped as a result of Prime Minister Narendra Modi’s November 8 declaration.
The data released by the Reserve Bank of India (RBI) on Monday revealed that around 60 per cent of the demonetised currency notes, which amount to around Rs 14 lakh crore, has already been accounted for.
Income Tax department has found that around Rs 40 crore was deposited in scrapped 500 and 1000-rupee notes at the Kashmere Gate branch of Axis Bank in New Delhi.
A 63-year-old man from south Mumbai was cheated of Rs 57.50 lakh while trying to exchange scrapped currency notes.
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