denomination - Electronic Gurudev

The Country’s supreme banking authority, the Reserve Bank of India (RBI), has cleared a proposal to introduce new currency notes of Rs 200 denomination, according to a report by LiveMint. The decision was taken at the Reserve Bank Of India board meeting held in March, two officials of the RBI were quoted as saying in the news report. They didn’t want to be identified as they aren’t authorized to speak to the media. The process of printing the new Rs 200 notes is likely to begin in June after the central government officially approves this new denomination note, said one of the two people cited earlier. When contacted Reserve Bank Of India spokesperson declined to comment. The move to introduce lower denomination notes comes against the backdrop of the Central government’s move ...

Hailing Prime Minister Narendra Modi for demonetising Rs 1,000 and Rs 500 currency notes, Yoga guru Baba Ramdev today said printing of Rs 2,000 currency notes should also be stopped in future. ”The adverse effect of high denomination currency is evident as the fake currency in the denomination of Rs 2,000 notes has arrived (in the market). The bigger value note has the same problem for which Modiji has scrapped the other ones,” Ramdev told reporters here. “Fake currency note in high denomination is convenient for printing, transportation and difficult to trace. I feel the printing of Rs 2,000 note should be stopped in future,” he added. “In future, wherever there will be a strong need, cash should be used otherwise we should move towards a cashless economy. As we move ahead toward d...

Tag: denomination

Reserve Bank of India (RBI) has cleared a proposal to introduce notes of Rs 200

We can’t be dependent only on politicians or political party to bring good days. – Yoga Guru Baba Ramdev