News for 'Currency Note Press'

Pakistan recalls female diplomat in Bangladesh amid 'terror link' row

Pakistan recalls female diplomat in Bangladesh amid 'terror link' row

Rediff.com23 Dec 2015

Immigration officials confirmed that Arshad, who was the second secretary at the political section of the high commission, left Dhaka on a Pakistan International Airlines flight on Wednesday afternoon.

Army convoy ambushed in Assam; 3 soldiers killed

Army convoy ambushed in Assam; 3 soldiers killed

Rediff.com19 Nov 2016

A huge crater was created at the site of the ambush and two vehicles -- a jeep and a Shaktiman truck --were completely damaged.

'They don't see sunlight for years'

'They don't see sunlight for years'

Rediff.com1 Sep 2022

'Is it not deplorable that even after 75 years of independence, there are people in our society who have been denied freedom?'

Tripura CM Manik Sarkar declines to be in demonetisation panel

Tripura CM Manik Sarkar declines to be in demonetisation panel

Rediff.com30 Nov 2016

According to the chief minister, the common man, small traders and daily labourers are the worst sufferers of the demonetisation scheme.

'The poor have come to the BJP'

'The poor have come to the BJP'

Rediff.com1 Jan 2017

'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'

Govt, BJP to counter anti-demonetisation campaign

Govt, BJP to counter anti-demonetisation campaign

Rediff.com12 Nov 2016

Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.

'Mera baap sant tha, main nahin hoon'

'Mera baap sant tha, main nahin hoon'

Rediff.com23 Aug 2023

'She showed courage at every turn in her political career.'

'We punished him': 3 more Nihangs held for Singhu lynching

'We punished him': 3 more Nihangs held for Singhu lynching

Rediff.com17 Oct 2021

The mortal remains of Lakhbir Singh were cremated at his native village in Punjab's Tarn Taran amid tight security in the presence of his family members. No Sikh priest was present to perform Ardas (Sikh religious prayer) and no one from his village, Cheema Kalan, attended the last rites.

War of words over demonetisation intensifies

War of words over demonetisation intensifies

Rediff.com19 Nov 2016

The sabre-rattling between parties on rival sides of the political divide over demonetisation showed no signs of softening on Saturday with the government accusing Congress of engaging in "fear mongering" and the latter hitting back calling the exercise a "not well thought out move" whose after-effects will last long.

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

The curious case of $1-billion SBI loan to debt ridden-Sri Lanka

Rediff.com31 May 2022

The Ministry of External Affairs (MEA) on March 17 had announced that State Bank of India (SBI) would extend a term loan of $1 billion to Sri Lanka, fully guaranteed by the Indian government, and this was part of India's financial aid to the troubled island nation. Ministry of External Affairs (MEA) spokesperson Arindam Bagchi was quoted saying by news agency PTI that the loan would be used for importing food, medicines, and other essential items. "India has always stood with the people of Sri Lanka and we will continue to extend all possible support at this juncture.

How RBI managed to give Rs 1-trillion dividend to govt

How RBI managed to give Rs 1-trillion dividend to govt

Rediff.com28 May 2021

The Reserve Bank of India (RBI) booked massive gains on its foreign currency sales and needed to provide much lesser for its reserves in 2020-21 (FY21), helping it to carve out a significant Rs 99,122-crore dividend for the government, revealed the RBI's annual report for FY21. By doing so, the central bank's risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts. The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting year from July-June to April-March from FY21.

India reports highest 195 corona deaths, 3,900 cases in 24 hrs

India reports highest 195 corona deaths, 3,900 cases in 24 hrs

Rediff.com5 May 2020

A total 179 deaths deaths have been reported since Monday evening, of which 98 were from West Bengal, 35 from Maharashtra, 29 from Gujarat, six from Rajasthan, five from Uttar Pradesh, two from Punjab and one each from Chandigarh, Haryana, Karnataka and Tamil Nadu.

How much does it cost to print money?

How much does it cost to print money?

Rediff.com10 Nov 2016

If RBI has to replace the entire stock of Rs 1,000 and Rs 500 notes with Rs 100 ones, the cost would be more than Rs 10,000 crore.

'The RBI is producing less cash'

'The RBI is producing less cash'

Rediff.com22 Apr 2018

'The current crisis is a result of a clash between a coercive attempt by the government to justify demonetisation and rising digital transactions against the market and the economy fighting the unexpected pressure from atop.'

Make in India: Big opportunity to mint coins

Make in India: Big opportunity to mint coins

Rediff.com21 Sep 2016

Little attention is paid to the management of currencies and coins in India.

April 2017: Earliest India will get its cash back

April 2017: Earliest India will get its cash back

Rediff.com23 Dec 2016

The crux of the problem is change, specifically the Rs 500 note, which India's presses cannot, currently, print in adequate number, says Sahil Kini/IndiaSpend.

BJP responds: Rahul is 'mentally unstable', 'another Kejriwal'

BJP responds: Rahul is 'mentally unstable', 'another Kejriwal'

Rediff.com14 Dec 2016

Calling Congress vice-president Rahul Gandhi 'mentally unstable' over his remarks about having personal information about Prime Minister Narendra Modi's involvement in corruption, the Bharatiya Janata Party on Wednesday said the former was suffering from an 'attention seeking disorder'.

Urjit breaks silence; says RBI committed to easing honest citizens' pain

Urjit breaks silence; says RBI committed to easing honest citizens' pain

Rediff.com27 Nov 2016

Breaking his silence over the demonetisation issue, RBI Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking all necessary actions to "ease the genuine pain of citizens" with a clear intent to normalise the things as early as possible.

No note ban debate for 15th day; Opposition calls Centre 'shameless'

No note ban debate for 15th day; Opposition calls Centre 'shameless'

Rediff.com8 Dec 2016

Venkaiah Naidu said 'let there be a discussion... November 8 is a historic day'.

'RBI is letting the nation down with cheap tricks'

'RBI is letting the nation down with cheap tricks'

Rediff.com28 Dec 2016

James Wilson explains why Indians are destined to silently suffer the cash shortage for half a dozen more months.

Modi has become a great reformer

Modi has become a great reformer

Rediff.com18 May 2020

Whether it took the corona crisis to bring about the transformation, or otherwise, the change ought to be welcome, notes Virendra Kapoor.

Cash crisis: Not the first time it's happened

Cash crisis: Not the first time it's happened

Rediff.com23 Nov 2016

India has gone through this exercise twice, and here's what happened then.

Hearing on defamation plea of Doval's son against magazine on Jan 30

Hearing on defamation plea of Doval's son against magazine on Jan 30

Rediff.com22 Jan 2019

Doval had moved court against the magazine, the author of the article Kaushal Shroff and Congress leader Jairam Ramesh for holding a press conference on January 17 reiterating the 'baseless and unfounded facts' as narrated in the article.

NSA Doval's son accuses magazine, Jairam Ramesh of defamation, moves court

NSA Doval's son accuses magazine, Jairam Ramesh of defamation, moves court

Rediff.com21 Jan 2019

The article claimed that Vivek Doval was running a hedge fund whose promoters are of dubious antecedents.

Demonetisation was an absurd and dangerous policy

Demonetisation was an absurd and dangerous policy

Rediff.com2 May 2018

In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.

Cash withdrawal limits likely to continue

Cash withdrawal limits likely to continue

Rediff.com15 Dec 2016

Cash withdrawal limits likely to continue

Parliament work washed out for 5th day over demonetisation

Parliament work washed out for 5th day over demonetisation

Rediff.com23 Nov 2016

Opposition members kept on shouting 'Pradhan Mantri sadan me aao'.

Record Rs 32,000 Crore Seized in Tax Raids

Record Rs 32,000 Crore Seized in Tax Raids

Rediff.com24 Jan 2022

Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.

Sai's Take: Cash makes the elections go round

Sai's Take: Cash makes the elections go round

Rediff.com17 Apr 2019

'With the Election Commission wisening up to the practice, which strikes at the very root of electoral democracy, the practitioners of cash for votes have been getting more and more ingenious,' points out Saisuresh Sivaswamy.

Mayawati says cash found in account legal, asks BJP to come clean on deposits

Mayawati says cash found in account legal, asks BJP to come clean on deposits

Rediff.com27 Dec 2016

At a hurriedly convened press conference, the former Uttar Pradesh said, "All deposits are as per norms and party rules and the money was collected before note ban. Should we have thrown it?"

RBI reworking demonetisation numbers

RBI reworking demonetisation numbers

Rediff.com6 Jan 2017

'RBI is taking all steps to complete the process expeditiously so as to release firm figures at an early date.'

India supports united, prosperous and strong Nepal: Modi

India supports united, prosperous and strong Nepal: Modi

Rediff.com11 May 2018

Modi said Nepal and India can benefit if they cooperate and work together for the promotion of five Ts: Tradition, Trade, Tourism, Technology and Transport.

We are neither hawks nor doves, we are owls: Rajan

We are neither hawks nor doves, we are owls: Rajan

Rediff.com28 Jan 2014

RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.

Secret tunnels to women's hostel, illegal explosive factory found inside Dera HQ

Secret tunnels to women's hostel, illegal explosive factory found inside Dera HQ

Rediff.com9 Sep 2017

The Dera's sprawling headquarters include an ostentatious '7-star MSG resort' with replicas of Eiffel Tower, Taj Mahal, Kremlin and Disney World inside.

'The concept of 'One Infosys' will be crucial'

'The concept of 'One Infosys' will be crucial'

Rediff.com24 Jun 2022

'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'

The Silent Candidate

The Silent Candidate

Rediff.com11 Apr 2019

Ambrose D'Mello, the Independent candidate from Bengaluru South, has been on maun vrat for 15 years. He does not own a house, does not wear footwear and sells books to earn a living.

India to inform Lanka about terror cloud on Pak embassy official

India to inform Lanka about terror cloud on Pak embassy official

Rediff.com27 Jul 2014

India will be informing Sri Lanka about an official working with the Pakistan High Commission in Colombo who was allegedly playing a key role in planning terror strikes at the behest of ISI on the US and Israeli consulates in the southern part of this country.

Does Kerala Need Silverline?

Does Kerala Need Silverline?

Rediff.com10 Apr 2022

Silverline seems symptomatic of how Kerala -- its claimed education, awareness and all -- overlooks its real problems, notes Shyam G Menon.

PM slams 'stalwarts' who spoke against digital push

PM slams 'stalwarts' who spoke against digital push

Rediff.com29 Oct 2017

He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.

Work hard to ensure 21st Century belongs to India: PM

Work hard to ensure 21st Century belongs to India: PM

Rediff.com13 Nov 2017

Modi said there was a time when families would celebrate getting gas connections as if they have got home a Mercedes.