Writing on Threads, the doctor, identified as Dr. Manan Vora, said that his receptionist did not check the note and later had "a good laugh" before saving the note.
According to Gandhi, who handled RBI's currency management department, the introduction of the Rs 2,000 note in 2016 was a 'short-term tactical decision' to quickly remonetise the economy post-demonetisation
From its glitchy issuance in 2016 to the stopping of printing in 2018-19 and now finally to its recall, the Rs 2,000 note had a rough ride while in existence. All through the way, RBI has been sparing in its communication, leaving citizens with more questions than answers
The segment of society that will be hit by the RBI's decision to withdraw the Rs 2,000 note will be the tax cheats holding crores of these high denomination notes. They will now come under the lens of tax authorities
The Reserve Bank of India (RBI) on May 19 said that it is withdrawing Rs 2000 notes from circulation based on a review.
The RBI has advised members of the public to deposit Rs 2,000 banknotes into their bank accounts or exchange them for banknotes of other denominations at any bank branch.
The Reserve Bank of India (RBI) on May 19 said it is withdrawing Rs 2,000 notes from circulation based on a review. However, the banknotes of Rs 2,000 denomination will continue to be legal tender, the central bank said in a release.
The banknotes in Rs 2,000 denomination will continue to be legal tender, the RBi said in a release.
In an interview to CNN-News18's Anuradha Sengupta, Arundhati Bhattacharya, Chairman of SBI said though the ATMs had adequate Rs 2,000 note nobody is transacting as nobody wants the Rs 2,000 note.
Unless currency disbursements improve and liquidity returns to the system quickly, the impact of demonetisation on economy and corporate performance could be much more severe than anticipated; that is the feedback from a survey done Religare Capital Markets through a road-trip that concluded recently.
The demonetisation of Rs 500 and Rs 1,000 notes, is likely to result in an immediate reduction in cash transactions, in the real estate sector. Buyers are expected to shift towards more legitimate transactions, R
Once again PM Narendra Modi shook the nation with his bold move. Many people appreciated this decision as the fight against corruption got strong and few of them complaining too due to the sudden changes, and a virtual paralysis of offline trading.
Freecharge also reported a sharp 12X overnight jump in the average wallet balance as consumers loaded up their wallets to face a cashless day across India.
The move by Modi government came as a surprise for e-commerce industry, which on a very conservative estimate gets at least 60 percent of its business through cash on delivery model.
Wallets such as Freecharge, Paytm and Mobikwik are used extensively by users to conveniently pay for utilities like cab rides, metro, phone recharges, electricity, gas, petrol, DTH and lots more.
Digital companies went on an overdrive sending emailers and SMSes to consumers to shift online even for basic services such as home repairing.
IT industry body NASSCOM has welcomed the announcement by Prime Minister Narendra Modi, of scrapping high-value currency notes of Rs 500 and Rs 1000 denomination, and replacing the Rs 500 notes with a new design.
Fintech startups are the most to gain with Modi‘s surgical strike against black money. VC money in such startups is likely to flow in the coming weeks, as more people are likely to adopt digital wallets.
In a bid to curb black money, Prime Minister Narendra Modi on Tuesday announced that Rs 500 and Rs 1000 denomination notes will not be legal tender.
The late-night announcement by Prime Minister Narendra Modi on black money brought some genuine concerns on implementation and the Opposition was not behind in pointing them out.
The government‘s decision to ban large denomination Rs 500 and Rs 1,000 notes from midnight tonight will likely have a bearing on the current wedding season spending, mainly gold buying.
Here is the full text of the press release issued by the Government of India, Finance Ministry and Department of Economic Affairs which entails the government's rationale behind the move to invalidate Rs 500 and Rs 1,000 notes and bring in new notes of Rs 500 and Rs 2,000.
India‘s electoral funding is largely opaque. According to the Association for Democratic Reforms (ADR) parties receive up to 75 percent of their funds from unknown sources.
The government on Tuesday scrapped Rs 500 and Rs 1,000 notes from midnight as part of the strategy to clamp down on India‘s bustling parallel cash economy. New Rs 500 and Rs 2,000 notes will be issued shortly.
In a bold move to curb counterfeit currency and a renewed push to tackle black money, the government has decided to scrap Rs 500 and Rs 1,000 notes. The decision is unprecedented but here are the measures the government has introduced to mitigate any problems a common man would face. Here's what you need to know