I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
The proposal was mooted by the department of industrial policy and promotion in the ministry of commerce and industry.
Let's take a look at how the world is gearing up for this mega event:
Prior to his departure, the prime minister attended a Congressional reception hosted jointly by Foreign Relation Committees (House and Senate) and India Caucus (House and Senate).
Three passengers who travelled on Delhi-Jammu flight on Tuesday, six passengers who were on Bengaluru-Coimbatore flight on Wednesday, two passengers who were on Delhi-Coimbatore flight on Wednesday and one passenger who was on Bengaluru-Madurai flight on Wednesday tested positive for the novel coronavirus, the airline said.
The Telangana government on Saturday appeared on a collision course with the Centre after it refused to "honour or implement" the latter's directives with regard to special responsibility vested in the governor for maintenance of law and order in greater Hyderabad.
Even as India gears up for election results on May 16, a group of senior Bharatiya Janata Party leaders have taken up an informal initiative to see how a 'Modi ministry' will look like, in case the party forms the government at the Centre.
Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy announced an ex gratia payment of Rs 1 crore each to the kin of those killed in the incident.
The past two years have been all about navigating the choppy waters of family connections, complicated intrigue and courts of appeal that have a tendency to cross each other out
'What Jaishankar says is simplistic.' 'The past does not matter that much.' 'If we think that it does it is because we are not good enough at running the nation competently today and are searching for excuses why,' argues Aakar Patel.
Mukherjee's family and relatives paid their last respects clad in PPE kits while conforming to COVID-19 safeguards.
Make in India has seen an overwhelming response on its digital platforms like Facebook and Twitter since its launch just 3 months ago.
South China regions including Guangdong, Hainan and Guangxi Zhuang Autonomous Region were affected by strong gales and heavy downpours on Sunday morning.
What is aggravating the situation is that e-commerce firms are facing huge shortage of delivery personnel. They have not been able to bring back their staff to work, despite offering higher pay and Covid-related insurance packages.
On December 10, Kissinger began to encourage the Chinese to take action against India: 'If the People's Republic were to consider the situation on the Indian subcontinent a threat to security, and if it took measures to protect its security, the US would oppose efforts of others to interfere with the People's Republic.' On the 50th anniversary of India's greatest military victory, Claude Arpi recalls how the US suggested that China intervene militarily on Pakistan's side.
'The downslide has been rapid leading up to the number one and number two of the organisation flinging against each other horrendous accusations of bribery and tampering with investigations for personal gain, and the latest petition to the Supreme Court by the joint director of the CBI, M K Sinha, opening a veritable Pandora's Box of repulsive skeletons,' notes B S Raghavan, the distinguished civil servant who witnessed the CBI's birth.
ECB confirms playing conditions for The Hundred
The Seismological department said that the quake measured 6.8 on the Richter scale and lasted for about two minutes.
The first batch of 44 Keralite nurses, stranded in strife torn Libya, would arrive in India on Tuesday. The nurses, working in various hospitals in Libya, had reached Tunisia, from where they will be reaching Dubai to take the scheduled flight to Kochi and arrive Tuesday morning, chief executive officer of Non-Resident Keralite Affairs department P Sudeep said.
The Cabinet can take a decision on the matter only after the Election Commission's approval.
Admitting to differences in interpretation of law, the United States on Friday said India had not acceded to demands for providing details of the inquiry into allegations made by diplomat Devyani Khobragade's domestic maid or make her available for discussing charges.
Union Minister Najma Heptullah on Saturday slammed the previous UPA government
Here's what actually might take shape as Apple CEO Tim Cook launches the iPhone 7 at the Bill Graham Civic Auditorium tonight.
'It has been a phenomenal effort at all levels of the government.' 'People were working 15-16 hour shifts in the central government, in the state governments, in the districts....'
Cities are setting the rules that now carry life and death implications for their residents, and most of these rules are sought to be set by the municipal authorities who have never wielded such power, reports Subhomoy Bhattacharjee.
The weather office on Monday forecast heavy to very heavy rainfall over the next three days over some parts of Uttarakhand, which is still recovering from a deluge last week that is feared to have taken over 1,000 lives.
The Congress has conceded the plum Finance portfolio to its junior partner, resolving a thorny issue, after its president Rahul Gandhi intervened and spoke to Kumaraswamy.
Kejriwal will also interact with Prime Minister Narendra Modi, along with his counterparts including West Bengal, Delhi, Maharashtra and Karnataka, where the coronavirus cases are on a much higher side, on June 17.
'Villages are much better prepared than towns as far as COVID-19 is concerned.'
If the flag comes into being, Karnataka will be the second state to have its official flag after J&K.
In addition to the attack helicopters, the contract also includes fire control radars; Hellfire Longbow missiles; stinger Block I-92H missiles; night vision sensors and inertial navigation systems.
Over two lakh posts are estimated to be created by the Central government in its various departments.
Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.
India is the birthplace of four major world religions -- Hinduism, Sikhism, Buddhism, and Jainism. It is home to the world's third largest Muslim population, a diverse community of sects that includes Sufis, Shia, and Bohra. Roughly three per cent of India's citizens are Christian, and notably, Christians are the religious majority in three of India's 29 states, she said.
Three inspectors and two sub-inspectors of the Bihar police have joined Delhi government's ACB.
Telangana Chief Minister K Chandrasekhar Rao on Monday appointed 2 deputy CMs besides allocating portfolios.
Over 26 people have lost their lives country in the aftermath of the 7.9 magnitude earthquake in Nepal.
Daily wagers are running out of resources, including ration and cash, and the state governments might not be able to sustain their needs for a longer period of time, given the lockdown has already been extended until May 3.
Lack of consensus on 'how not to let Jignesh Shah get away' could become a huge embarrassment for the government.
Akhtaruzzaman Elias's The Raincoat describes the effect of the 1971 war on a college and on one of its teachers in particular.
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