Data collected from banks indicated that about 87% of the banknotes received by the lenders was in the form of deposits, while around 13% had been exchanged for other denominations.
In May, RBI withdrew Rs 2,000 notes from circulation but they remain legal tender until 30 Sept. Some establishments, like Ahmedabad Nini's Kitchen, are using this to attract customers.
Union Govt’s MyGov Twitter handle and State Bank of India together put to rest some concerns that arose following RBI’s Friday announcement to discontinue the Rs 2,000 note.
The draft Seeds Bill gets the big ideas right: universal registration, traceability, real penalties. To work for Punjab, it must get federal plumbing and farmer-facing details sorted.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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