Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

RBI to issue ₹ 200 notes: FinMin

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... RBI to issue ₹ 200 notes: FinMin - News and Press Release Dated:- 23-8-2017 - News - New Delhi, Aug 23 (PTI) The government today gave its go-ahead to the Reserve Bank to issue ₹ 200 notes that will ease pressure on lower-denomination currency bills. The finance ministry, in a notification, said that on the recommendations of the Central Board of Directors of the RBI, the centr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... al government hereby specifies the denomination of banknotes of the value of two hundred rupees . The new ₹ 200 notes are likely to be in circulation shortly. According to sources, the exercise of printing ₹ 200 denomination notes is being undertaken to further improve the currency situation in the country. Following the demonetisation on November 9 last year, the Reserve Bank .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... had introduced ₹ 2,000 notes and also issued new ₹ 500 notes with additional security features. So with the introduction of ₹ 200 notes, the problem people face due to high-value ₹ 2,000 notes would be taken care of. The Reserve Bank has also introduced new fluorescent blue ₹ 50 banknotes bearing the motif of 'Hampi with Chariot' that depicts India' .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s cultural heritage. In a surprise announcement, Prime Minister Narendra Modi had in November last year announced scrapping of old notes of ₹ 1,000 and ₹ 500 notes, wiping out over 86 per cent of the cash in circulation. The move was aimed at checking black money, counterfeit notes and terror financing. - News - Press release - PIB Tax Management India - taxmanagementindia - t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates