Rs 2,000 notes: Know what the govt has to say on circulation
04 January, 2019, 19:27 | Author: Brooke Harris
A top government official said on Friday there was "no decision" regarding the printing of Rs 2,000 notes as there was "more than adequate notes" of the denomination in the system, amid reports that it was being phased out. "There has been no decision regarding 2,000 rupee note production recently", he said. He claimed that the government had made a decision to reduce the printing of Rs 2,000 notes at the time of their launch itself.
Juxtaposing the data presented in the Lok Sabha with the one provided by RBI in its annual report, the SBI Ecoflash report said, "we observe" that the value of small denomination currency in circulation up to March 2017 was Rs 3,501 billion.
Of this, Rs 6.73 lakh crore (Rs 37%) was in Rs 2,000 notes, while Rs 7.73 lakh crore (43%) was in new Rs 500 notes, PTI reported citing RBI figures. If you are taking out Rs 500 and Rs 1,000 notes, why would you introduce Rs 2,000 notes?
The introduction of the currency note had drawn severa criticism in the wake of the Government demonetising the currency notes of the denomination of ₹1000 in November, 2016. The government, however, had denied any plans to withdraw the Rs 2,000 notes yet.
The squeeze in the circulation of the Rs 2,000 notes started some time back. But the final numbers disproved all the calculations wrong as 99.3 percent of the cancelled notes worth close to Rs 15.8 trillion came back to the system.
To compensate, the printing of Rs 500 notes has been increased.
As of March 2018, the total currency in circulation was Rs 18.03 lakh crores.
The old Rs 500/1000 notes that were scrapped due to demonetisation accounted for around 86% of the total currency in circulation at that time.
Fans will just have to wait and see what happened on her date and where she'll end up by the end of the season of Total Bellas . All in all, it looks like there is plenty of drama in store for viewers when " Total Bellas " returns to E! on January 13.
New Year's Eve isn't celebrated widely in mainland China, where the lunar New Year in February is a more important holiday. Fireworks go off during the annual New Year's Eve celebration at Times Square in NY , the United States, Dec. 31, 2018.
All that to say, I don't think Democrats are going to get the clean win they are hoping for out of this shutdown. But they have drawn the line at the use of any taxpayer money for the erection of a new wall .
The package removes a requirement that a three-fifths majority is needed to increase federal income taxes. The rule would require that all new spending be paid for - either by increasing taxes or by budget cuts.
The State-owned conglomerate previously said that the spacecraft would fly 26 days before landing on the lunar surface. A total eclipse occurs as the Moon passes through the centre of Earth's darkest shadow - the umbra.
His suspension for personal conduct was from his no contest plea of the weapons charge, which was reduced to a misdemeanor. Foster was arrested on November 24 for alleged domestic battery at the San Fransisco 49ers' team hotel in Tampa Bay.
Whelan was discharged for bad conduct following his conviction by court martial on charges related to larceny, the Pentagon said. Paul Whelan previously worked for Kelly Services, which maintains offices in Russian Federation .
Since 2017 Whelan has worked for an auto parts company called BorgWarner, most recently as director of global security. Whelan attained the rank of staff sergeant in December 2004 after the first of two deployments in Iraq.
Josh Hazlewood (2-51) struck early on a wicket with a greenish tinge to remove Rahul but that only brought Pujara to the crease. India are cruising along in Sydney with Cheteshwar Pujara and Virat Kohli crushing the Australian bowlers.
In his final game with the Panthers, he had a -1 in the Panthers win over the Philadelphia Flyers on Saturday. They're strong as heck down the middle", said Hitchcock. "I thought our line played really well tonight.
Floyd Mayweather makes $9 million in 139 seconds
Virtually unknown outside the kickboxing ring in his own country, Nasukawa from Chiba near Tokyo also boasts an unbeaten record. Equally, it's not hard to believe that Mayweather simply outclassed Nasukawa - he is arguably the greatest boxer of all time.
Wilks out as Cardinals head coach after 1 season
General manager Steve Keim is expected to return, the Arizona Republic reported Monday. "I think he's an unbelievable coach ". Wilks, 49, just finished his first season as the Cardinals' coach and signed a four-year contract in January.