Connect with us

Breaking

Focus on printing Rs 500 notes stepped up: Shaktikanta Das

Published

on

Talking about the fake currency in the market, Das said that possibility of counterfeiting new 500 and 2000 notes is very, very less.

images-cms-image-000035740

New Delhi, 15 Dec 2016 : Shaktikanta Das Economic Affairs Secretary said that the currency printing presses have stepped up the printing of Rs 500 notes to ease the liquidity pressure after the government declared old Rs 500 and Rs 1,000 notes illegal. He said with more new Rs 500 notes coming into the system, Rs 2,000 notes circulation would also increase.

Speaking at a press conference, he said that for the first time, all the security features of the new Rs 2,000 are designed in-house, and the possibility of counterfeiting new 500 and 2000 notes is very less.

He also said that the banks preferred to supply cash via branches to their own customers than through ATMs. This may partly explain the long queues in front of ATMs.

The government and banks are working in close coordination with the district officials to distribute the cash equitably, he said. Also, the airlifting of cash is being continued wherever required.

In the past weeks, government agencies have been conducting raids and seizing unaccounted cash and crores of rupees in new notes. Shaktikanta Das said these were not random searches but based on specific inputs. “The ED and other government agencies have tightened the surveillance based on the specific inputs from data mining.”

500-pti-l

Emphasising the government is doing everything to increased the cash supply, he said that Rs 80,000 crore rupees of Rs 100 notes has been supplied after November 8. Before demonetisation, the value of Rs 100 notes was Rs 1.6 lakh crore. He added that since demonetisation was announced, RBI had supplied three times the number of smaller denomination notes (Rs 100 and below) that it usually supplied in one year.

Breaking

Bigg boss 13: Siddharth Shukla won, Asim first runnerup

Published

on

Continue Reading

Breaking

Delhi court convicts 19 persons in Bihar’s Muzaffarpur shelter home case

Published

on

New Delhi, 20 Jan : The Saket court in Delhi on Monday convicted 19 accused, including high-profile Brajesh Thakur, in connection with the alleged sexual and physical assaults on girl inmates at a shelter home in Bihar’s Muzaffarpur district.

Continue Reading

Breaking

Violence in JNU, masked goons attack students, teachers

Published

on

New Delhi, 5 Jan : Violence swept the Jawaharlal Nehru University on Sunday as several masked individuals, both male and female, thrashed students, including girls, and teachers inside the varsity campus with wooden and metal rods.

Shah takes stock of situation, orders probe

Union Home Minister Amit Shah on Sunday ordered the Delhi Police to take all necessary action to control the situation in the Jawaharlal Nehru University where widespread violence in the evening left many students, including girls, and teachers injured.

Priyanka Gandhi reaches AIIMS to meet injured JNU students

Congress General Secretary Priyanka Gandhi Vadra on Sunday reached All India Institute of Medical Sciences (AIIMS) to meet the students who were injured during the clash between the two groups inside the Jawaharlal Nehru University (JNU).

Fascists in control of our nation: Rahul

Congress leader Rahul Gandhi attacked the Central government over the violence that erupted in the Jawaharlal Nehru University (JNU) campus on Sunday.

Continue Reading

Trending Live

Advertisement

Latest Post

Big News

Advertisement

Sports

Advertisement

Entertainment

Trending