Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Tue, Dec 11, 2018 | Last Updated 8:29 am IST

Menu &Sections

Search

After Demonetization another Monetary Crisis is on the anvil

After Demonetization another Monetary Crisis is on the anvil
After Demonetization another Monetary Crisis is on the anvil
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

According to sources the new Rs 2000, Rs 500 notes issued during 2016 are becoming unusable due to its poor quality as compared to the old notes, as published in some reports. Meanwhile if the currency notes are used extensively, folded and soiled they become unusable either in banks or ATMs or for any other transactions and the sensors inside the ATM machine won’t detect them.



Furthermore same would be the case with the new RS 200, 50 and 10 Rs notes which were issued in 2018. The report said the banks have started categorization of these notes under 'non-issuable' category. Meanwhile banks categorize notes under 'non-issuable' category when the currency can't be used in ATMs or be accepted, exchanged by the public. Further according to the RBI circular, RBI/2018-19/3 DCM (NE) No.G-2/08.07.18/2018-19 it has sought to mitigate the hardships faced by the public with regard to soiled notes and help public in genuine cases.

After Demonetization another Monetary Crisis is on the anvil

Moreover currency notes in India have been used roughly, folded soiled and written upon because of low awareness on upkeep safety and usage of notes. Reportedly this has been a practice since a long time and the RBI has time and again educated the public at large on how to keep currency notes carefully.


After Demonetization another Monetary Crisis is on the anvil
5/ 5 - (1 votes)
Add To Favourite
More from author
Top House Democrats raised prospect of impeachment for Trump
SC dismissed PIL challenging dissolution of J&K Assembly by Governor Satya Pal Malik
Which Party will win Higher Percentage in Telangana?
Strange case of a damaging goat!
H Raja again in controversy!
Ravishankar firm on program plans!
People against Jayalalitha's memorial!
Jaipur Princess filed for Divorce
Bengaluru boy uses Broomstick to beat his Mother
Ramdas Athawale slapped by 30 old man at a public event in Maharashtra
KTR openly claims that TRS would return to power with 100 seats
Will Congress' talks with MIM give an edge?
World Bank says remittance inflow to India last year was USD 68.9 billion
Trump's Son in Law had private conversations with Saudi Crown Prince
Vaiko warned as TN worst affected in India for Mekedatu Project
Wedding celebrations of Isha Ambani as grand as expected
Australian Shark trampled a surfer
World's Largest Arabic Audio Libraries launched in Dubai
Will Owl Bird create misfortune for Elections?
Telangana polls reflected the paradox of perceptions of rural & urban voters
Congress Spokesperson attacked Yogi Adithyanath
Vijay Fans assaulted Members of AIADMK
Is Prabhas going to participate in Koffee with Karan?
Ozone Layer is on safer side
TRS Party Leading in Exit Poll Survey
Why Chandrababu who played crucial role in Telangana elections is tight-lipped?
Why voting percentage in Hyderabad city is quite low as general election?
PM Narendra Modi asked OPEC nations to Price Crude at reasonable rates
Facebook to defend against foreign interference ahead of 2019 LS polls in India
Telangana Laborers traveled 100 Kilometers to Vote
Gadkari faints on stage!
Hyderabad Badminton Player felt her name not in Voters List
Will Actress Madhuri Dixit contest in favor of BJP for 2019 Lok Sabha Polls?
Madras HC to consider Duraimurugan's Passport Application
Why Trump unwelcomed in Bush's Funeral?
1003 Cricketers signed up for IPL Auction 2019
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.