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Currency notes issued before to 2005 to be withdrawn

[email protected] (PTI)
January 22, 2014

New Delhi, Jan 22: The Reserve Bank of India (RBI) on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.

currency

"After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes," the RBI said in a statement.

The public can easily distinguish the currency notes issued before 2005 as they do not have the year of printing on reverse side. The year of printing in a small font is visible at the middle of the bottom row in notes issued after 2005.

Asking people not to panic and cooperate in the withdrawal process, the RBI said old notes will continue to be legal and can be exchanged in any bank after April 1.

"From April 1, 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication," the RBI said.

From July 1, 2014, persons seeking exchange of more than 10 pieces of Rs 500 and Rs 1,000 notes will have to furnish proof of identity and residence to the bank.

Although the RBI did not give any reason for withdrawal of pre-2005 currency notes, the move is expected to unearth black money held in cash.

As the new currency notes have added security features, they would help in curbing the menace of fake currency.

At present, currency notes in denominations of Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 are issued.

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News Network
February 26,2020

Mysuru, Feb 26: The Pre-University Education Department was taking several measures to prevent paper leaks during the II PU examinations, scheduled to commence from March 4, a statement said on Tuesday.

Among the few measures that the board has chalked out, students would not be allowed to leave the examination hall till the last bell. In case of any emergency, the student could leave the exam hall but s/he would be required to surrender the question paper to authorities in the hall.

This is being done to ensure question papers aren’t circulated during exam hours by those who exit the hall before the last bell.

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News Network
May 18,2020

Bengaluru, May 18: Indian food delivery startup Swiggy said on Monday it would lay off 1,100 employees, or nearly 14% of its workforce, to cut costs, as a weeks-long nationwide lockdown to curb the coronavirus outbreak hits demand for online food ordering.

The company, backed by South African internet giant Naspers, also said it will scale down adjacent businesses and has already shut several of its cloud kitchens - facilities that only cater to takeaway orders - temporarily or permanently.

“The core food delivery business has been severely impacted and will stay impacted over the short term, but is expected to start growing again after that,” said Sriharsha Majety, co-founder and chief executive at Bengaluru-based Swiggy.

Swiggy, one of India’s best known startups, is among many that are laying off employees and reshaping their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.

India is currently under a two-month lockdown, and though several curbs are being eased, public places such as restaurants remain closed, hurting restaurants themselves as well as companies such as Swiggy and main rival Zomato.

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News Network
August 5,2020

Shivamogga, Aug 5: Karnataka Minister KS Eshwarappa on Wednesday hailed the laying of foundation stone (bhoomi pujan) for a grand Ram temple in Ayodhya and said "Kashi Vishwanath and "Krishna Janmasthan temples have to be liberated".

"It is a good day that the foundation stone for Ram Temple has been laid. A beautiful temple will come up, but there are Kashi Vishwanath and Krishna Janmasthan temples which have to be liberated," Eshwarappa said.

The minister said that there is a "sign of slavery" at Krishna temple in Mathura and Kashi Vishwanath temple in Varanasi.

"The whole nation is dreaming of Shri Krishna temple in Mathura and Kashi Vishwanath temple. I have visited the two temples. 

There is a sign of slavery. Mosques are there at holy places. When I visited the place at Mathura, I witnessed the wall. When we look at the wall, we feel like we are still slaves," he said.

"While visiting Kashi, there is also a structure of slavery. Dream of Hindus is fulfilled in Ayodhya. One day, it will be fulfilled in Mathura and Kashi. Mathura Sri Krishna and Kashi Vishwanath will be freed and temple will be built," Eshwarappa added.

The Places of Worship Act, enacted in 1991, says that religious character of a place of worship existing on the August 15, 1947 shall continue to be the same as it existed on that day. The Act kept Ayodhya case out of its purview.

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