Tag: Currency

‘Remonetise India – A Citizen’s Pledge’ has been Kicked Off by TIMES NETWORK

‘Remonetise India – A Citizen’s Pledge’ has been Kicked Off by TIMES NETWORK

Economy, India
Mumbai, India (BusinessWireIndia)--- TIMES NETWORK, the broadcast arm of the Times Group initiated, ‘Remonetise India - A Citizen's Pledge’, a nationwide crusader campaign, urging Indians to take the next step from demonetization and Pledge for Growth.  Keeping the government’s vision in mind, Remonetise India is an initiative by TIMES NETWORK which calls all the Citizens of India to come out and make a difference. Urging the citizens to be the change agent for the changes they want to see and bring India's economy back on track. Today, TIMES NETWORK conducted a LIVE Telethon from 6:00 pm to 8:00 pm, across all channels of the network and connected viewers to Opinion and Policy makers, encouraged them to invest more and educated the them about moving to a digital and a less cash economy.  
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

Economy
New Delhi (PIB News) ---The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation of the legal tender character of these notes. It is expected that, by now, most of the people would have deposited such old notes in their possession. Keeping this in view and to reduce the queues in the banks, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier. Amounts of Rs.5000 or less may continue to be deposited with banks in the customer’s account, as at pre