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Sunday
June 2019
8:05 PM IST
News Headlines
Protesting doctors turn down Mamata''s invite for talks, say CM has to apologise first        China supports suspension of Hong Kong''s controversial extradition bill after massive protests        Seven sustain burn injuries as bus catches fire in road accident        CM to raise Kerala''s objection in Niti Aayog meet over handing over Intl Airport to Adani group        Finch''s 153 sets up Australia''s 87-run win over Sri Lanka        Coutinho brace fires Brazil to 3-0 win over Bolivia in Copa America opener        India, SCO members unite to condemn terrorism in Bishkek Declaration        Agitating doctors decline Mamata''s invite for talks        Cyclone Vayu to recurve again; likely to hit Kutch next week        UK court sets Feb 2020 timetable for Assange US extradition trial        Trump blames Iran in tanker blasts, says sea lane not at risk        ENG Pacers, Root set up England''s overwhelming eight-wicket win over West Indies        Tendulkar sues Australian bat manufacturer for $2 mn in royalties        Lee Chong Wei, badminton's beloved nearly man        No pressure as only 1.5 billion people expecting India to win World Cup: Hardik        India ad spend likely to be Rs 697 billion in 2019: Report        No debate set for Hong Kong bill after protests        Trump says would take foreign info on 2020 presidential opponent        Delhi court sends member of Pak-based terror outfit to 5-day NIA custody        Congress pays tributes to 13 people killed in AN-32 crash        
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Business News
RBI Scales Down Printing Of 2,000 Rupee Note: Report
 
(New Delhi, Jan04, 2019): The printing of Rs. 2,000 banknote, introduced post-demonetisation in November 2016, has been reduced to the "minimum" by the Reserve Bank, a top finance ministry official said on Thursday. Soon after the shock decision to ban old Rs. 500 and 1,000 currency notes by the government, the Reserve Bank had come out with the Rs. 2,000 currency note along with a new look Rs. 500 note as part of its massive remonetisation exercise. The senior official said the RBI and the government from time to time decide on the quantum of currency to be printed on the basis of money in circulation.

When the Rs. 2,000 note was launched, it was decided that the printing would be "scaled down" going forward, since the new high-currency value note was meant for meeting the remonetisation need.

"The printing of 2,000 rupee notes has been substantially reduced. It has been decided to limit the printing of 2000 currency notes to minimum. This is nothing new," the official said.


According to the RBI data, there were 3,285 million pieces of Rs. 2,000 notes in circulation at end-March 2017. A year after (on March 31, 2018), there was only a marginal increase in the number at 3,363 million pieces.

Of the total currency in circulation amounting to Rs. 18,03,700 crore at end-March 2018, Rs. 2,000 notes accounted for 37.3 per cent, down from 50.2 per cent at end-March 2017. The old 500 and 1,000 rupee bank notes that were scrapped in November 2016 accounted for around 86 per cent of the total currency in circulation at that time


India ad spend likely to be Rs 697 billion in 2019: Report
UK court rejects Nirav Modi''s bail for fourth time over fears he would abscond
Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
Fiat Chrysler in talks with Aurora on autonomous vehicles
Facebook stops Huawei from pre-installing apps on phones
Rupee rises 31 paise to 69.39 vs USD in early trade
Bajaj Auto sales rise 3 pc in May to 4.19 lakh units
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Six of top-10 firms add Rs 99,994 cr in m-cap; TCS leads
Mahindra sales 3 pc to 45,421 units in May
Toyota Kirloskar sales down 6% at 13,066 units in May
Sitharaman: India's first woman FM; looks to steer economy out of slowdown
Rupee sees high volatility post allocation of key portfolios
Sensex drops over 200 pts; Nifty below 11,900
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Sensex sheds 248 pts; banking stocks drag
SBI to mop up Rs 5,000 cr by issuing Basel III-compliant bonds
PNB shares continue to fall; tank over 5%
KERALA NEWS
Seven sustain burn injuries as bus catches fire in road accident
 Thiruvananthapuram: Seven people sustained burn injuries when the bus in which they were travelling  
Rahul renews attack on BJP, Modi during ''thanksgiving'' visit to Wayanad
It's Confirmed: 23-year-old boy infected with Nipah
Congress expels Abdullakutty for praising PM Modi
INTERNATIONAL NEWS
China supports suspension of Hong Kong''s controversial extradition bill after massive protests
 Beijing: China on Saturday said it supports the Hong Kong leader''s decision to suspend a controvers
UK court sets Feb 2020 timetable for Assange US extradition trial
Trump blames Iran in tanker blasts, says sea lane not at risk
No debate set for Hong Kong bill after protests
NATIONAL NEWS
Protesting doctors turn down Mamata''s invite for talks, say CM has to apologise first
 Kolkata: Striking junior doctors turned down Chief Minister Mamata Banerjee''s invitation for a meet
Agitating doctors decline Mamata''s invite for talks
Cyclone Vayu to recurve again; likely to hit Kutch next week
Delhi court sends member of Pak-based terror outfit to 5-day NIA custody
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