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Tag: currency notes

  • Delhi HC dismisses plea difficult determination over Rs 2,000 banknote change

    By way of PTI

    NEW DELHI: The Delhi Prime Courtroom on Monday pushed aside a plea difficult notifications enabling the change of Rs 2,000 foreign money notes with none requisition slip and ID evidence.

    A bench of Leader Justice Satish Kumar Sharma and Justice Subramonium Prasad rejected the petition, which has challenged the notifications by means of the RBI and SBI enabling the change of Rs 2,000 banknotes with out requisition slip and id evidence.

    An in depth order is awaited.

    Petitioner and suggest Ashwini Kumar Upadhyay submitted that a considerable amount of foreign money has reached both a person’s locker or has “been hoarded by means of separatists, terrorists, Maoists, drug smugglers, mining mafias and corrupt folks”.

    The plea submitted that the notifications had been arbitrary, irrational and offend Article 14 of the Charter.

    The Reserve Financial institution of India (RBI) has defended earlier than the prime court docket its notification, announcing it isn’t demonetisation however a statutory workout.

    NEW DELHI: The Delhi Prime Courtroom on Monday pushed aside a plea difficult notifications enabling the change of Rs 2,000 foreign money notes with none requisition slip and ID evidence.

    A bench of Leader Justice Satish Kumar Sharma and Justice Subramonium Prasad rejected the petition, which has challenged the notifications by means of the RBI and SBI enabling the change of Rs 2,000 banknotes with out requisition slip and id evidence.

    An in depth order is awaited.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    Petitioner and suggest Ashwini Kumar Upadhyay submitted that a considerable amount of foreign money has reached both a person’s locker or has “been hoarded by means of separatists, terrorists, Maoists, drug smugglers, mining mafias and corrupt folks”.

    The plea submitted that the notifications had been arbitrary, irrational and offend Article 14 of the Charter.

    The Reserve Financial institution of India (RBI) has defended earlier than the prime court docket its notification, announcing it isn’t demonetisation however a statutory workout.

  • Rs 2000 be aware alternate starts nowadays

    Specific Information Provider

    MUMBAI:  An afternoon prior to the Reserve Financial institution of India opens the window for alternate of Rs 2,000 denomination foreign money notes, RBI governor Shaktikanta Das on Monday brushed aside rumours of a brand new Rs 1,000 foreign money be aware being within the works. “There’s no such proposal at the moment,” he instructed newshounds right here on Monday in his first media interplay after the verdict to withdraw the very best denomination be aware from move final Friday.

    Because the window for patrons to switch Rs 2,000 notes of their ownership will get started on Tuesday, Das mentioned there’s no want to panic. Urging the general public to not rush to banks, he mentioned sufficient time has been given to switch the notes. He reiterated the notes will stay prison mushy (legitimate for transaction). 
    The RBI governor’s feedback got here after studies mentioned folks and companies have stopped accepting Rs 2,000 notes as a method of fee.

    “Let me explain and re-emphasise that it is part of the foreign money control operations of the Reserve Financial institution. For a very long time, the Reserve Financial institution has been following a blank be aware coverage,” he mentioned, including: “Once in a while, RBI withdraws notes of a specific sequence and problems recent notes. We’re retreating the Rs 2,000 notes from move however they proceed as prison mushy.”

    He expects lots of the notes to be returned to the exchequer via the time limit of September 30 and no shortage of alternative notes. “We have now given a time limit in order that the method shall be taken significantly. We will be able to’t depart it open-ended,” he mentioned.

    RBI has instructed the general public to switch or deposit those notew via September 30. “We have now greater than ok amounts of published notes already to be had within the machine, now not simply with RBI however with foreign money chests operated via banks. There’s no explanation why for concern. We have now enough shares, no want to concern,” Das clarified.

    The have an effect on of the withdrawal at the financial system shall be “very very marginal”, he mentioned, including Rs 2,000 foreign money notes made up for simply 10.8% of the whole foreign money in move. Whilst the withdrawn Rs 2,000 rupee notes can both be deposited in financial institution accounts or exchanged for different denomination notes, banks were suggested to make important preparations for alternate.

    MUMBAI:  An afternoon prior to the Reserve Financial institution of India opens the window for alternate of Rs 2,000 denomination foreign money notes, RBI governor Shaktikanta Das on Monday brushed aside rumours of a brand new Rs 1,000 foreign money be aware being within the works. “There’s no such proposal at the moment,” he instructed newshounds right here on Monday in his first media interplay after the verdict to withdraw the very best denomination be aware from move final Friday.

    Because the window for patrons to switch Rs 2,000 notes of their ownership will get started on Tuesday, Das mentioned there’s no want to panic. Urging the general public to not rush to banks, he mentioned sufficient time has been given to switch the notes. He reiterated the notes will stay prison mushy (legitimate for transaction). 
    The RBI governor’s feedback got here after studies mentioned folks and companies have stopped accepting Rs 2,000 notes as a method of fee.

    googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    “Let me explain and re-emphasise that it is part of the foreign money control operations of the Reserve Financial institution. For a very long time, the Reserve Financial institution has been following a blank be aware coverage,” he mentioned, including: “Once in a while, RBI withdraws notes of a specific sequence and problems recent notes. We’re retreating the Rs 2,000 notes from move however they proceed as prison mushy.”

    He expects lots of the notes to be returned to the exchequer via the time limit of September 30 and no shortage of alternative notes. “We have now given a time limit in order that the method shall be taken significantly. We will be able to’t depart it open-ended,” he mentioned.

    RBI has instructed the general public to switch or deposit those notew via September 30. “We have now greater than ok amounts of published notes already to be had within the machine, now not simply with RBI however with foreign money chests operated via banks. There’s no explanation why for concern. We have now enough shares, no want to concern,” Das clarified.

    The have an effect on of the withdrawal at the financial system shall be “very very marginal”, he mentioned, including Rs 2,000 foreign money notes made up for simply 10.8% of the whole foreign money in move. Whilst the withdrawn Rs 2,000 rupee notes can both be deposited in financial institution accounts or exchanged for different denomination notes, banks were suggested to make important preparations for alternate.

  • Paisa Ye Paisa: Viral Video Displays Gurugram Guy Throwing Money From Automobile

    House ViralPaisa Ye Paisa: Viral Video Displays Gurugram Guy Throwing Money From Automobile

    It’s mentioned that the beneficiant guy used to be looking to mirror a series from Farzi, the just lately launched internet collection.

    Paisa Ye Paisa: Viral Video Displays Gurugram Guy Throwing Money From Working Automobile | Watch

    Viral Video: Social media is humming once more with but some other video of a person showering forex notes from a working automobile. The video is reported to were shot in Gurugram, Haryana. It’s mentioned that the beneficiant guy used to be looking to mirror a series from Farzi, the just lately launched internet collection.

    Now the police have stepped in as ACP Vikas Kaushik mentioned that the person who used to be hurling all that money has been known and a case filed beneath related sections whilst additional investigation is underway.

    “Police got here to learn about an incident via a video on social media the place two males attempted to re-create a scene from a film by means of throwing forex notes from a automobile on a Golfing direction street. Police filed a case beneath more than a few sections of IPC. Major accused known”, information company ANI quoted Vikas Kaushik, ACP, DLF Gurugram as announcing.

    WATCH THE VIRAL VIDEO HERE

    #WATCH | Haryana: A video went viral the place a person used to be throwing forex notes from his working automobile in Gurugram. Police report a case within the topic.

    (Police have verified the viral video) percent.twitter.com/AXgg2Gf0uy

    — ANI (@ANI) March 14, 2023

    If most effective those peeps may just be informed one thing higher from the films and TV displays, Uff!

    Printed Date: March 14, 2023 7:22 PM IST

    Up to date Date: March 14, 2023 7:35 PM IST

  • Splendid Court docket verdict on demonetisation to be declared on January 2

    NEW DELHI: The Splendid Court docket is scheduled to pronounce its judgment on January 2 on a batch of pleas difficult the federal government’s 2016 choice to demonetise forex notes of `1,000 and `500 denominations.

    A five-judge Charter bench headed via Justice SA Nazeer, who will retire on January 4, is prone to pronounce its verdict at the subject at the mentioned date.

    The highest court docket had, on December 7, directed the Centre and the Reserve Financial institution of India (RBI) to place on document the related data when it comes to the federal government’s 2016 choice and reserved its verdict.

    The bench, additionally comprising justices B R Gavai, A S Bopanna, V Ramasubramanian and B V Nagarathna, had heard the submissions of Lawyer Normal R Venkataramani, the RBI’s recommend and the petitioners’ attorneys, together with senior advocates P Chidambaram and Shyam Divan.

    Calling the scrapping of the `500 and `1,000 forex notes deeply mistaken, Chidambaram had argued that the federal government can not by itself begin any proposal when it comes to criminal delicate, which is able to best be executed at the advice of the RBI’s central board.

    NEW DELHI: The Splendid Court docket is scheduled to pronounce its judgment on January 2 on a batch of pleas difficult the federal government’s 2016 choice to demonetise forex notes of `1,000 and `500 denominations.

    A five-judge Charter bench headed via Justice SA Nazeer, who will retire on January 4, is prone to pronounce its verdict at the subject at the mentioned date.

    The highest court docket had, on December 7, directed the Centre and the Reserve Financial institution of India (RBI) to place on document the related data when it comes to the federal government’s 2016 choice and reserved its verdict.

    The bench, additionally comprising justices B R Gavai, A S Bopanna, V Ramasubramanian and B V Nagarathna, had heard the submissions of Lawyer Normal R Venkataramani, the RBI’s recommend and the petitioners’ attorneys, together with senior advocates P Chidambaram and Shyam Divan.

    Calling the scrapping of the `500 and `1,000 forex notes deeply mistaken, Chidambaram had argued that the federal government can not by itself begin any proposal when it comes to criminal delicate, which is able to best be executed at the advice of the RBI’s central board.

  • Energy Video games: Kejriwal’s deity-on-currency ace trumps BJP

    Categorical Information Carrier

    Political Strokes
    Kejriwal’s deity-on-currency ace trumps BJP

    Aam Aadmi Celebration leader Arvind Kejriwal’s name for printing photos of Goddess Laxmi and Lord Ganesh on Indian foreign money notes is a cleverly-crafted and superbly-timed political transfer. There were reviews that the Union executive was once making plans to incorporate the photographs of Rabindranath Tagore and APJ Abdul Kalam at the notes. There could also be a buzz that the BJP plans to in the long run deliver within the photos of its ideologues. Kejriwal’s Laxmi-Ganesh ace has trumped the BJP leaders, who privately admit that this can be a call for that can not be adversarial. Now not a minimum of by means of the BJP, which places Hindu symbolism on the centre of its political campaigns. The call for has put the BJP in a Catch-22 scenario. It’ll be politically imprudent to head forward and put the faces of Netaji, Babasaheb Ambedkar, Guru Golwalkar, Veer Savarkar, Deendayal Upadhyay and Hedgewar with out addressing the decision for placing Laxmi, Ganesh there. The Indian deities, particularly Goddess Laxmi, have figured on currencies proper from the times of Kushans within the 3rd century AD, to the reigns of Guptas, Mohammad Ghori, and Mughal emperor Akbar, till Sher Shah Suri introduced in ‘Rupiya’, the primary model of the present Indian foreign money notes. AAP says when a Muslim nation – Indonesia – can have Lord Ganesh on its foreign money notes why no longer India? The BJP remains to be attempting to determine find out how to maintain this googly by means of Kejriwal. This can be a genie that won’t return into the bottle.

    Liquor Rip-off
    CBI probing position of spirits primary Pernod Ricard 

    The CBI is probing the position of French spirits and wine primary Pernod Ricard within the Delhi excise coverage rip-off. Assets mentioned the CBI suspects that probably the most individuals named in its chargesheet – Manoj Rai – will have been running for Pernod Ricard to get the Delhi executive to border a coverage advisable to the corporate. Manoj Rai does indirectly or not directly personal any retail or wholesale license in Delhi. Investigations are on to determine why he were attending conferences when the brand new excise coverage was once being framed, and who he was once representing. Was once he representing Pernod or running for any individual else? The investigative company could also be reportedly probing the position of different Pernod officers within the framing of the brand new coverage. Pernod’s India and South Asia leader Thibault Cuny has, in the meantime, stepped down for well being causes. Philippe Guettat, chairman and CEO of Pernod Ricard Asia is having a look after India operations till Cuny’s successor is located. Pernod’s provide in Delhi has additionally been utterly disrupted with its well-liked manufacturers out of inventory. There are reviews that the state excise division, which is feeling the warmth of CBI probe, has no longer been too type to Pernod with permissions.

    Bacchus Calling
    Bihar government might opposite its prohibition coverage

    Rashtriya Janata Dal leader Lalu Prasad Yadav’s public call for for reversing the coverage of prohibition in Bihar turns out to have begun the countdown for the coverage’s reversal. Lalu has been adversarial to the coverage for a while now and has aired his perspectives at the matter previous too. However now his birthday party is the senior spouse of the state’s ruling alliance. Lalu has been pronouncing that prohibition has resulted in the sale of spurious liquor, and the smuggling of Indian-made overseas liquor. Lives had been misplaced because of the intake of hooch. He has mentioned that the state has been dropping earnings, and households their bread earners. Lalu’s call for has discovered improve from every other necessary best friend – former leader minister Jitan Ram Manjhi. Manjhi says the coverage of prohibition is going towards the way of life of his Musahar group. He has demanded a reversal of the coverage. Assets mentioned the mounting force fromallies has pressured the federal government to reconsider its coverage. Evaluate is being made on how the huge girls constituency would take the withdrawal of coverage. Prohibition was once offered within the state following a robust call for by means of girls, amongst whom leader minister Nitish Kumar enjoys substantial reputation.

    Political Strokes
    Kejriwal’s deity-on-currency ace trumps BJP

    Aam Aadmi Celebration leader Arvind Kejriwal’s name for printing photos of Goddess Laxmi and Lord Ganesh on Indian foreign money notes is a cleverly-crafted and superbly-timed political transfer. There were reviews that the Union executive was once making plans to incorporate the photographs of Rabindranath Tagore and APJ Abdul Kalam at the notes. There could also be a buzz that the BJP plans to in the long run deliver within the photos of its ideologues. Kejriwal’s Laxmi-Ganesh ace has trumped the BJP leaders, who privately admit that this can be a call for that can not be adversarial. Now not a minimum of by means of the BJP, which places Hindu symbolism on the centre of its political campaigns. The call for has put the BJP in a Catch-22 scenario. It’ll be politically imprudent to head forward and put the faces of Netaji, Babasaheb Ambedkar, Guru Golwalkar, Veer Savarkar, Deendayal Upadhyay and Hedgewar with out addressing the decision for placing Laxmi, Ganesh there. The Indian deities, particularly Goddess Laxmi, have figured on currencies proper from the times of Kushans within the 3rd century AD, to the reigns of Guptas, Mohammad Ghori, and Mughal emperor Akbar, till Sher Shah Suri introduced in ‘Rupiya’, the primary model of the present Indian foreign money notes. AAP says when a Muslim nation – Indonesia – can have Lord Ganesh on its foreign money notes why no longer India? The BJP remains to be attempting to determine find out how to maintain this googly by means of Kejriwal. This can be a genie that won’t return into the bottle.

    Liquor Rip-off
    CBI probing position of spirits primary Pernod Ricard 

    The CBI is probing the position of French spirits and wine primary Pernod Ricard within the Delhi excise coverage rip-off. Assets mentioned the CBI suspects that probably the most individuals named in its chargesheet – Manoj Rai – will have been running for Pernod Ricard to get the Delhi executive to border a coverage advisable to the corporate. Manoj Rai does indirectly or not directly personal any retail or wholesale license in Delhi. Investigations are on to determine why he were attending conferences when the brand new excise coverage was once being framed, and who he was once representing. Was once he representing Pernod or running for any individual else? The investigative company could also be reportedly probing the position of different Pernod officers within the framing of the brand new coverage. Pernod’s India and South Asia leader Thibault Cuny has, in the meantime, stepped down for well being causes. Philippe Guettat, chairman and CEO of Pernod Ricard Asia is having a look after India operations till Cuny’s successor is located. Pernod’s provide in Delhi has additionally been utterly disrupted with its well-liked manufacturers out of inventory. There are reviews that the state excise division, which is feeling the warmth of CBI probe, has no longer been too type to Pernod with permissions.

    Bacchus Calling
    Bihar government might opposite its prohibition coverage

    Rashtriya Janata Dal leader Lalu Prasad Yadav’s public call for for reversing the coverage of prohibition in Bihar turns out to have begun the countdown for the coverage’s reversal. Lalu has been adversarial to the coverage for a while now and has aired his perspectives at the matter previous too. However now his birthday party is the senior spouse of the state’s ruling alliance. Lalu has been pronouncing that prohibition has resulted in the sale of spurious liquor, and the smuggling of Indian-made overseas liquor. Lives had been misplaced because of the intake of hooch. He has mentioned that the state has been dropping earnings, and households their bread earners. Lalu’s call for has discovered improve from every other necessary best friend – former leader minister Jitan Ram Manjhi. Manjhi says the coverage of prohibition is going towards the way of life of his Musahar group. He has demanded a reversal of the coverage. Assets mentioned the mounting force fromallies has pressured the federal government to reconsider its coverage. Evaluate is being made on how the huge girls constituency would take the withdrawal of coverage. Prohibition was once offered within the state following a robust call for by means of girls, amongst whom leader minister Nitish Kumar enjoys substantial reputation.

  • Kejriwal writes to PM Modi, reiterates call for for Lakshmi-Ganesh footage on foreign money notes

    Via PTI

    NEW DELHI: Delhi Leader Minister Arvind Kejriwal, who created a political flutter along with his attraction to include pictures of Goddess Lakshmi and Lord Ganesha on foreign money notes, has written a letter to Top Minister Narendra Modi pushing ahead the call for.

    Claiming that the Indian economic system used to be no longer in excellent form, Kejriwal had on Wednesday stated the rustic wanted numerous effort to get the economic system again on course at the side of the “blessings of our gods and goddesses”.

    It is a want of 130 crore Indians that there will have to an image of Mahatma Gandhi on one aspect of foreign money notes and the footage of Lord Ganesha and Goddess Lakshmi at the different aspect, he wrote within the letter on Thursday.

    “Super reinforce has been won in this factor.

    There’s huge enthusiasm some of the other folks and everybody needs this to be applied straight away,” Kejriwal claimed.

    The Aam Aadmi Celebration (AAP) convener stated within the letter that Indian economic system is passing thru an overly dangerous section and India and is indexed amongst growing international locations in spite of 75 years of Independence.

    “At the one hand, all countrymen wish to paintings onerous and at the different, we additionally want blessings of the deities in order that our efforts undergo culmination,” Kejriwal wrote.

    The rustic will growth handiest with a confluence of right kind coverage, onerous paintings and blessings of the gods, he stated.

    Kejriwal’s call for has evoked sharp reactions from the Bharatiya Janata Celebration (BJP), which known as it an unsuccessful try to cover the “unpleasant anti-Hindu face” of the AAP in view of upcoming elections in Gujarat and Himachal Pradesh.

    PTI VIT RHL 10281117 NNNN

    NEW DELHI: Delhi Leader Minister Arvind Kejriwal, who created a political flutter along with his attraction to include pictures of Goddess Lakshmi and Lord Ganesha on foreign money notes, has written a letter to Top Minister Narendra Modi pushing ahead the call for.

    Claiming that the Indian economic system used to be no longer in excellent form, Kejriwal had on Wednesday stated the rustic wanted numerous effort to get the economic system again on course at the side of the “blessings of our gods and goddesses”.

    It is a want of 130 crore Indians that there will have to an image of Mahatma Gandhi on one aspect of foreign money notes and the footage of Lord Ganesha and Goddess Lakshmi at the different aspect, he wrote within the letter on Thursday.

    “Super reinforce has been won in this factor.

    There’s huge enthusiasm some of the other folks and everybody needs this to be applied straight away,” Kejriwal claimed.

    The Aam Aadmi Celebration (AAP) convener stated within the letter that Indian economic system is passing thru an overly dangerous section and India and is indexed amongst growing international locations in spite of 75 years of Independence.

    “At the one hand, all countrymen wish to paintings onerous and at the different, we additionally want blessings of the deities in order that our efforts undergo culmination,” Kejriwal wrote.

    The rustic will growth handiest with a confluence of right kind coverage, onerous paintings and blessings of the gods, he stated.

    Kejriwal’s call for has evoked sharp reactions from the Bharatiya Janata Celebration (BJP), which known as it an unsuccessful try to cover the “unpleasant anti-Hindu face” of the AAP in view of upcoming elections in Gujarat and Himachal Pradesh.

    PTI VIT RHL 10281117 NNNN