Day: November 11, 2016
Old bank Notes-What if you do not have bank account? There are many issues along with peak credit theory which may be debated and litigated With the withdrawal of old currency notes of Rs. 500/- and Rs. 1000/- and declaring them not to be “Legal Tender”, the long …
Old bank notes now valid till 14-11-2016 for specified payments. Earlier, time limit of 72 hours ending 11-11-2016 was prescribed for using 500-1000 notes. Ministry of Finance Press Release 11-November, 2016 Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series …
Govt Departments allowed to draw cash beyond limit of 10000 on production of evidence justifying requirement at the choice of an officer in rank of GM and above. Reserve Bank of India Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes –Limit for …
Demonetization to bring down inflation-crackdown on black money. Role of NITI Aayog in strengthening co-operative federalism NITI Aayog Press Release 11-November, 2016 Crackdown on black money by demonetization will bring down inflation: Arvind Panagariya; Outlines the role of NITI Aayog in strengthening co-operative federalism The Vice Chairman of …
Enough Cash is Available-RBI reassures and urges Public to exercise Patience, not to rush and exchange old bank notes of 500 and 1000 at convenience Reserve Bank of India Date : Nov 11, 2016 Enough Cash is Available, RBI reassures; urges Public to exercise Patience and Exchange Notes …