23
Wednesday
January 2019
6:17 AM IST
News Headlines
NRIs are India's brand ambassadors, symbolise country's capabilities: PM        More domestic, international services from Kannur International Airport        Kohli will break all records created by Tendulkar: Zaheer Abbas        Man gets 7 years rigorous imprisonment for robbery        Encounter breaks out at Shopian in J-K        France fines Google nearly $57 million        Full dress rehearsal for Republic Day Parade on Wednesday, traffic restrictions to be in place        Jaitey calls Congress remarks on EVM hacking "lie and garbage"        China''s economy slumps to 28 year low to 6.6 per cent in 2018        Venezuela military group calls in video for not recognizing Maduro        First Indian-American Senator Kamala Harris announces her 2020 US presidential bid        Ross Taylor praises Kohli''s batting prowess ahead of limited-overs series        Halep sent home but Djokovic, Williams headed to the Australian Open quarter-finals        Boo - The World's Cutest dog dies        PM condoles demise of Lingayat seer        CJI recuses from hearing plea challenging Rao's appointment as interim CBI chief        Ankita wins first singles title of 2019 season in Singapore        Kohli is greatest ODI batsman to have played the game: Clarke        Minister says UK faces 'political tsunami' if Brexit halted        Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT        
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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


China''s economy slumps to 28 year low to 6.6 per cent in 2018
Minister says UK faces 'political tsunami' if Brexit halted
Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT
Honda Cars India announces increase in car prices, effective from Feb 1
IOC to raise USD 3 bn more in overseas loan
Jet Airways shares sink over 8% amid uncertainty over open offer
Huawei founder denies spying for China in rare interview
Rupee slips further, settles below 71-level against USD
Sebi fines 10 entities for fraudulent trading in Mindvision Capital shares
Govt sets up common facility centres for gems and jewellery sector
Rupee rises 14 paise against US dollar in early trade
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Reliance Communications Says 'Fully Committed' To Settle Dues With Ericsson
Jet Airways In Talks With SBI To Raise Rs. 1,500 Crore: Report
Petrol, Diesel Prices To Rise In Karnataka As State Hikes Fuel Taxes
Banks likely to recover bad loans worth Rs 70,000 crore by March-end: Arun Jaitley
BoB finalises share swap ratio for merger of Vijaya Bank, Dena Bank
Fuel prices to come down further: Dharmendra Pradhan
Cooking Gas Price Cut By Rs. 5.91 Per Cylinder
KERALA NEWS
More domestic, international services from Kannur International Airport
 Thiruvananthapuram: More domestic, international services to start from Kannur International Airport  
Mineral sand mining: Talks fail, agitaion to continue
Kerala HC disqualifies Koduvally MLA
Kanakadurga attacked by mother-in-law
INTERNATIONAL NEWS
France fines Google nearly $57 million
 Washington: The French regulators fined Google with nearly $57 million for violating Europe's new da
Venezuela military group calls in video for not recognizing Maduro
First Indian-American Senator Kamala Harris announces her 2020 US presidential bid
Boo - The World's Cutest dog dies
NATIONAL NEWS
Man gets 7 years rigorous imprisonment for robbery
 Thane: A Thane court has awarded seven years' rigorous imprisonment to a 36-year-old man for robbing
Encounter breaks out at Shopian in J-K
Jaitey calls Congress remarks on EVM hacking "lie and garbage"
PM condoles demise of Lingayat seer
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