Key Points
No instructions have been given to banks for filling or not filling Rs 2,000 notes in Automated Teller Machines (ATMs) as lenders make their own choice for loading of cash vending machines, Parliament was informed on Monday..
As per Annual Reports of the Reserve Bank of India (RBI), the total value of Rs 500 and Rs 2,000 denomination bank notes in circulation as at end-March 2017 and as at March-end 2022 was Rs 9.512 lakh crore and Rs 27.057 lakh crore, Finance Minister Nirmala Sitharaman said in a written reply in Lok Sabha...
Banks make their own assessment of amount and denominational requirement for ATMs on the basis of past usage, consumer requirement, seasonal trend, etc," she said.. Replying to another question, the finance minister said, total amount of the central government debt/liabilities is estimated at about Rs 155.8 lakh crore (57.3 per cent of GDP) as on March 31, 2023...
In order to promote the growth of exports from India and to support the increasing interest of the global trading community in the Indian rupee, she said, RBI has put in place an additional arrangement for invoicing, payment, and settlement of exports/imports in the rupee on July 11, 2022 etc...
You might be interested in
Rs 2,000 notes worth Rs 1.80 lakh crore have come back in banks so far: RBI
08, Jun, 23India Business News: The Reserve Bank of India on Thursday said that nearly 1.8 trillion rupees of Rs 2,000 notes have come back to the system after government's decision
RBI says 76 pc of Rs 2,000 notes returned to banks
03, Jul, 23As much as 76 per cent of the Rs 2,000 notes in circulation have been returned to banks, mostly through deposits, the Reserve Bank of India said on Monday. On May 19, RBI announced withdrawal of Rs 2,000 notes in circulation and gave public time till September 30 to either deposit the currency notes in their bank accounts or get them exchanged.
Centre's FY25 interest outgo may rise 11 to 12% from ongoing FY24
02, Jan, 24Interest pay-out of the government in the next financial year is expected to climb 11-12% from the ongoing fiscal 2024. The interest pay-out for FY24 is projected to be Rs 10.80 lakh crore. In the pre-Covid FY20, interest payment at Rs 6.12 lakh crore had accounted for 22.8% of the total expenditure.
India removing Rs 2,000 note may spur gold, property rush
22, May, 23In a bid to quickly spend the 2,000 rupee notes that will be withdrawn over the next four months, Indians could snap up gold, properties and household items like air conditioners and refrigerators, according to economists.
Liquidity surplus shoots past Rs 1 lakh crore
01, Jun, 23In the first fortnight of May, the average daily quantum of extra funds parked by banks with the RBI dropped to ₹56,578 crore, almost four times lower than an average daily surplus of ₹2 lakh crore in the same period a month ago.
Hurun India list: Reliance most valuable private company in India; Adani firms' combined value falls by 52
20, Jun, 23According to the report, the value of Reliance decreased by 5.1 per cent, or Rs 87,731 crore in the last six months. While the total value of TCS increased marginally by 0.7 per cent and HDFC Bank increased by 12.9 per cent.
₹1.8 lakh crore worth of ₹2,000 notes returned so far
10, Jun, 23“So far about Rs 1.8 lakh crore of Rs 2,000 notes have come back. This is roughly about 50 per cent of the Rs 2,000 notes which were in circulation on March 31,” Governor Shaktikanta Das said.
Govt debt stands at Rs 155.6 lakh cr in March 2023
01, Aug, 23The central government's debt stood at Rs 155.6 lakh crore or 57.1 per cent of the GDP at the end of March 2023, Parliament was informed on Tuesday. The Central Government's debt was Rs 155.6 lakh crore as on March 31, 2023. It has reduced from 61.5 per cent of GDP in 2020-21 to 57.1 per cent of GDP in FY 2022-23, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.
No instructions given to banks on loading Rs 2,000 notes in ATMs: FM
20, Mar, 23Banks make their own assessment of amount and denominational requirement for ATMs on the basis of past usage consumer requirement seasonal trend etc she said