Wednesday, November 9, 2016

⚠️ Dawood Ibrahim DUMPs gazillions of fake RS.500 and Rs. 1,000 denomination notes to fuck Modi.

dumps
Banks are going on a war footing to exchange all notes of Rs.500 and Rs. 1,000 denomination from Wednesday.
Bankers said they will replace the present series notes in banks and automated teller machines on Wednesday due to which they will remain closed for public transactions.
There will be no liquidity disruption in the markets that are regulated by the RBI such as bond and foreign exchange markets, Urjit Patel, Governor, Reserve Bank of India told the media.
“We have just now been advised by the government to demonetise current series of Rs. 1,000 and Rs. 500,” said Arundhati Bhattacharya, Chairman, State Bank of India. “We have handled demonetisation earlier and will do so again. (On Wednesday), banks will remain closed in order to withdraw these notes from counters and ATMs. We will strive to restock ATMs at the earliest and make them operational,” she said, adding that SBI will work round-the-clock to ensure that customer service is not disrupted.
RBI Deputy Governor R. Gandhi said banks will be opening additional counters for currency exchange and requested lenders to extend banking hours.
While bankers welcomed the move, they also said there could be logistical challenges in implementation.
“It is perhaps the most significant move ever taken to curtail the parallel economy. This move will give a sharp boost to all formal channels of payment which in turn will help the formal economy to grow,” said Ms. Chanda Kochhar, MD and CEO, ICICI Bank.
Short-term pain
“Any big move will have some degree of short-term pain, which has to happen, you cannot do anything without that,” said Keki Mistry, Vice Chairman, HDFC Ltd.

“The move is hugely beneficial from a GDP perspective and also for reducing inflation,” he added. The government has also said the step will also reduce inflation, he said.
The government said the proportion of high denomination currency notes had gone up sharply over the years.
The proportion of high denomination notes, that is Rs.500 and Rs.1,000, in terms of value had gone up to as high as 86 per cent from 69 per cent in 2007. “High denomination notes are most convenient for criminals, for people hoarding large amounts of unaccounted money and for terrorists,” the government said.
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Shock as India scraps 500 and 1000 rupee bank notes

BBC News - ‎7 hours ago‎
Indian Finance Minister Arun Jaitley says "honest people" have no need to worry about a decision to scrap 1,000 and 500 rupee notes. Mr Jaitley said the move would flush out tax evaders, adding that all old notes deposited in banks would be subjected ...
 

India withdraws all 500 and 1000 rupee notes from circulation

The National - ‎18 hours ago‎
NEW DELHI // Indian prime minister Narendra Modi ordered the withdrawal of 500 (Dh28) and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion. In a televised address to the ...
 

In Surprise Move, India Voids 500 And 1000 Rupee Bills To Fight Corruption

NPR - ‎16 hours ago‎
In a surprise move, Indian Prime Minister Narendra Modi announced that the country is taking allexisting 500 and 1,000 rupee notes out of circulation. He said in a televised speech that voiding the country's highest-denomination bills is aimed at ...
 

India scraps 500 and 1000 rupee bank notes overnight

BBC News - ‎22 hours ago‎
Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupeebanknotes will be withdrawn from the financial system overnight. The surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal ...
 

India Abolishes 500 and 1000 Rupee Notes to Fight Corruption

Bloomberg - ‎Nov 8, 2016‎
Five hundred rupee ($7.5) and 1,000 rupee notes will cease to be legal tender from Wednesday, Prime Minister Narendra Modi said in an unscheduled address to the nation. The notes in circulation will have to be deposited in banks by the end of December, ...
 

India News: Goverment Orders Sudden Withdrawal Of 500 And 1000 Rupee Notes Over Corruption In Economy

International Business Times - ‎17 hours ago‎
Indian Prime Minister Narendra Modi surprised the nation Tuesday by announcing that all 500 and 1,000 rupee notes would be withdrawn from the banking system overnight in an effort to fight financial dishonesty. In an unannounced speech on Indian ...
 

Demonetisation of Rs. 500 and Rs. 1000 notes: RBI explains

The Hindu - ‎21 hours ago‎
Taking the nation by surprise, Prime Minister Narendra Modi on Tuesday night announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight, making these notes invalid in a major assault on black money, fake currency and corruption ...
 

500 and 1000 Rupee Notes: India Will Recall Currency to Fight Corruption

Newsmax - ‎15 hours ago‎
The prime minister of India announced Tuesday night that all 500 and 1,000 rupee notes will be replaced with new bills, trying to stem the corruption taking place ahead of state elections. The announcement by Prime Minister Narendra Modi was a surprise ...
 

India withdraws 500 and 1000 rupee notes in effort to fight corruption

The Guardian - ‎19 hours ago‎
Addressing the nation, Modi said: “The exchange of 500 and 1,000 rupee notes being tendered as currency will be stopped from today. Black marketeers and traitors who use black money will not be able to move large amounts of money and 500 and 1,000 ...
 

What To Do With 500 And 1000 Rupee Notes

NDTV - ‎Nov 8, 2016‎
To stop the spread of counterfeit notes, which is aiding terror activities from across the border, and flush out black money, the government has decided to scrap the notes of Rs. 500 and Rs. 1000, Prime Minister Narendra Modi said on Tuesday. Starting ...
 

Watch PM Narendra Modi's Entire Speech On Discontinuing 5001000 Rupee Notes

NDTV - ‎21 hours ago‎
Sab ka sarkaar, sab ka vikas - governance and progress for all is our motto. We are focused on empowerment of the poor. A series of schemes we have introduced all aim at this. This is a government for our farmers. Corruption and black money are ...
 

India to Replace Largest Bank Notes

Wall Street Journal - ‎21 hours ago‎
According to India's central bank, 86.4% of the value of all rupee bills in circulation was in 500- and 1,000-rupee notes as of March. “It's going to be very inconvenient, because everybody uses these notes,” said Sujan Hajra, chief economist at Anand ...
 

Banks and ATMs shut after India pulls 500 and 1000 rupee notes in shock move to fight crime

South China Morning Post - ‎8 hours ago‎
India will issue new bank notes Thursday after Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation in a shock announcement designed to tackle widespread corruption and tax evasion. Modi said that while ...
 

PM Narendra Modi Bans Rs. 500, Rs. 1000 Notes In War On Black Money

NDTV - ‎Nov 8, 2016‎
All India | Edited by Vishal Menon | Updated: November 09, 2016 11:17 IST. EMAIL. PRINT. COMMENTS. PM Narendra Modi Bans Rs 500, Rs 1,000 Notes In War On Black Money. From Wednesday, 500, 1,000 rupee notes will be illegal, announced PM Modi ...
 

India pulls 5001000 rupee notes to fight graft

Daily Mail - ‎20 hours ago‎
Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion. Modi said that while people could exchange their old ...
 

Banks, ATMs Closed Today: 10 Things To Know

NDTV - ‎21 hours ago‎
100 and lower denominations will all continue to be legal tender. Coins too will continue to be legal tender. Online transactions and card payments will not be affected. The RBI has accepted a proposal for new 500 and 2000 rupee notes, the Prime ...
 

India scraps 500 and 1000 rupee notes: Country's financial world returns to normalcy after initial shock

International Business Times UK - ‎3 hours ago‎
One of the key reasons for curbing the 500 and 1,000 notes is because of the rapid rise in their circulation during the last five years – while the number of Rs 500 notes grew by 76%, the Rs 1,000 notes rose by 109% since 2011. With immediate effect ...
 

India is withdrawing all of its 500 and 1000 rupee bills to fight 'black money and corruption'

Business Insider - ‎22 hours ago‎
India Rupee Man A worker at a fuel station checks a 500 Indian rupee note after filing a vehicle with fuel in Kolkata February 3, 2011. REUTERS/Rupak De Chowdhuri. Indian Prime Minister Narendra Modi on Tuesday announced that 500 and 1000 rupee ...
 

Millions scramble after India scraps its largest banknotes

News & Observer - ‎5 hours ago‎
As of midnight Tuesday, all 500- and 1,000-rupee notes had no cash value. People holding the discontinued notes can deposit them in banks and post office savings accounts before the end of the year. But anyone making large bank deposits might invite ...
 

'Note'-worthy! Twitterati 'celebrate' demise of 500 and 1000 rupee notes

Mid-Day - ‎12 hours ago‎
People watching news channel broadcasting PM Narendra Modi's address to the nation talking about the demonetization of Rs 500 and 100 currency notes with effect from midnight, making these notes invalid in a major assault on black money,fake currency ...
 

In an attempt to curb black money, PM Narendra Modi declares Rs 500, 1000 notes to be invalid

Economic Times - ‎20 hours ago‎
In a move to curb the black money menace, PM Narendra Modi declared that from midnight currency notes of Rs 1000 and Rs 500 denomination will not be legal tender. People can deposit notes of Rs 1000 and Rs 500 in their banks from November 10 till ...
 

What the FAQ just happened! All your questions about Rs 500-1000 notesanswered

India Today - ‎7 hours ago‎
The legal tender character of the notes in denominations of 500 and 1000 stands withdrawn. In simple terms, all the 500 and 1000 rupee notes will be just paper, these cannot be used for transacting business and/or store of value for future usage. Here ...
 

500 and 1000 rupee notes to be discontinued: All you need to know about PM Modi's announcement

India Today - ‎21 hours ago‎
Prime Minister Narendra Modi addressing the country after a meeting with all three military chiefs. The core discussion was around the major ceasefire violations by Pakistan in Jammu and Kashmir. After the meeting, Modi talked about his promise about ...
 

India scraps high currency notes overnight to fight graft

Daily Mail - ‎11 hours ago‎
As of midnight Tuesday, all 500- and 1,000-rupee notes — worth about $7.50 and $15 — had no cash value. Modi assured that people holding the discontinued notes would be able to deposit them in banks and post office savings accounts before the end of ...
 

Rs 500, Rs 1000 notes scrapped: All you need to know and do in next few days

Hindustan Times - ‎22 hours ago‎
Where can I exchange/ deposit my Rs 500 and Rs 1000 notes? From November 10 till December 30 you can deposit the old notes at your nearest bank or post office accounts without any limit. But withdrawals from banks are capped at Rs 10,000 per day and ...
 

Ban on 500 & 1000 Rupee Notes: ICICI bank announces 10 customer friendly measures to get new currency

India.com - ‎53 minutes ago‎
New Delhi, November 9: On Tuesday many Indian's spent their cashless night near ATM centers after Prime Minister Narendra Modi announced that Rupees note with 500 and 1000 denominations will no longer be a legal tender, triggering panic across the ...
 

India scraps its two largest rupee notes in shocking anti-corruption move

CNNMoney - ‎22 hours ago‎
Hospitals will be allowed to accept the banned notes for another three days, until Nov. 11. That transition will not be an easy task. The Reserve Bank of India (RBI) estimates that there are 16.5 billion 500 rupee notes and 6.7 billion 1000 rupee notes ...
 

Banks To Stay Open This Weekend After Government Ban On Rs. 500, 1000 Notes

NDTV - ‎2 hours ago‎
Banks will reopen tomorrow and stay open this weekend to help people swap 500 and 1,000 rupee notes which are now banned, said the Reserve Bank of India. Banks and ATMs were closed today leaving lakhs of people scrambling to buy groceries and ...
 

Demonetisation of Rs.500 and Rs. 1000: Who says what

The Hindu - ‎21 hours ago‎
BJP president Amit Shah took to twitter to congratulate Prime Minister Narendra Modi on the announcement: “PM @narendramodi ji's decision to discontinue Rs. 500 & Rs.1000 rupee note will immensely help eliminating the corruption. On behalf of all BJP ...
 

What To Do With 500 And 1000 Rupee Notes: Reserve Bank of India FAQs on scrapped currency notes and the entire ...

India.com - ‎5 hours ago‎
These Bank Notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any bank branches or at any Head Post Office or Sub-Post Office. ALSO READ: 2000 Rupees Notes to be out on November 10: All you need to know ...

What the FAQ just happened! All your questions about Rs 500-1000 notesanswered

India Today - ‎7 hours ago‎
The legal tender character of the notes in denominations of 500 and 1000 stands withdrawn. In simple terms, all the 500 and 1000 rupee notes will be just paper, these cannot be used for transacting business and/or store of value for future usage. Here ...
 

What To Do With 500 And 1000 Rupee Notes: Reserve Bank of India FAQs on scrapped currency notes and the entire ...

India.com - ‎5 hours ago‎
These Bank Notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any bank branches or at any Head Post Office or Sub-Post Office. ALSO READ: 2000 Rupees Notes to be out on November 10: All you need to know ...
 

Maharashtra, Jharkand Chief Ministers Hail PM Modi's 5001000 Rupee Order

NDTV - ‎18 hours ago‎
500 notes with effect from midnight, making them invalid for transaction. Meanwhile, hailing centre's "intention" behind demonetisation of Rs. 1,000 and Rs. 500 currency notes, Shiv Sena on Tuesday said it hoped that the common man does not get ...
 

India abolishes larger banknotes in fight against graft, 'black money'

Reuters - ‎12 hours ago‎
In the past five years, circulation of all currency notes grew 40 percent, compared with 30 percent growth in Asia's third-largest economy. The growth in 500 and 1,000 rupee banknotes was even steeper; 500 rupee notes grew 76 percent between 2011 and ...
 

Demonetisation of Rs.500 and Rs. 1000: Who says what

The Hindu - ‎21 hours ago‎
BJP president Amit Shah took to twitter to congratulate Prime Minister Narendra Modi on the announcement: “PM @narendramodi ji's decision to discontinue Rs. 500 & Rs.1000 rupee note will immensely help eliminating the corruption. On behalf of all BJP ...
 

How And Why PM Modi Kept His Ban On 500 And 1000 Rupee Notes A Secret For 6 Long Months

Indiatimes.com - ‎3 hours ago‎
Prime Minister Narendra Modi's game-changing move to demonetise Rs 500 and Rs 1,000 noteswas a well-kept secret for nearly 6 months. According to an ET Now report, ... On top of it all, the move had to be kept a top secret. Modi ensured his Cabinet ...
 

Modi's Big Gamble With Banning Rs. 500 And Rs. 1000 Notes

NDTV - ‎22 hours ago‎
The decision to ban existing 500- and 1000-rupee notes has a certain economic logic to it. Certainly, the absence of ... That said, there are no clear estimates as to how much black money is in actual currency notes, and how much in land or gold or ...
 

(Don't Panic) Exchange Rs 500 and Rs 1000 Notes with Ease

Fabnewz Media (blog) - ‎6 hours ago‎
Thousands of shops, market places, supermarkets, and so on have been given strict directions to not to accept 500 and 1000 rupee notes rather if possessing may exchange it to 100 rupee notes from the nearest branch of their respective banks. As of now ...
 

Narendra Modi Bans India's Largest Currency Bills in Bid to Cut Corruption

New York Times - ‎13 hours ago‎
Abolishing the current version of the 500 and 1,000 rupee notes, worth about $8 and $15, will effectively remove 80 percent of the currency in circulation. Mr. Modi said banks would be closed on Wednesday. After that, people can exchange the banned ...
 

Rs 500, Rs 1000 notes declared illegal: Here is how politicians reacted

The Indian Express - ‎21 hours ago‎
Amit Shah (BJP President): We feel proud of PM Narendra Modi ji's surgical strike against black money and corruption. His decision to discontinue Rs 500 and Rs 1000 rupee note will immensely help in eliminating corruption. On behalf of all BJP ...
 

Delhi Metro to accept old 5001000 rupee notes till Saturday

India TV - ‎7 hours ago‎
In relief to daily commuters, the government today extended the use of old-high denomination currency notes of Rs 500 and 1,000 at metro railway stations till Saturday. The government had yesterday, after withdrawing all Rs 500 and Rs 1,000 banknotes ...
 

500 And 1000 Rupee Notes Banned In India, ATMs Shut Down, What To Do Now

Morning Ledger - ‎20 hours ago‎
The announcement made people rush to ATMs to withdraw smaller denominations. Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Rs 1 are still valid. All coins remain valid as well. Modi also announced that new notes for Rs 500 and Rs 2000 will be issued ...
 

India withdraws 5001000 rupee notes

gulfnews.com - ‎21 hours ago‎
In his 40-minute address, first in Hindi and later in English, the Prime Minister said the notes of Rs 500 and Rs 1000 "will not be legal tender from midnight tonight" and these will be "just worthless piece of paper." However, he said that all notes ...
 

Replacing Rs 500, Rs 1000 Notes: What to Do, What Not to Do

News18 - ‎8 hours ago‎
Your 500 and 1,000 rupee notes will be worthless bits of paper this morning. But don't ... The exchange facility is available at all issue offices of the RBI and commercial banks/RRBS/UCBs/State Co-op banks or at any head post office or sub-post office. 7.
 

Explained: How Modi's move to discontinue Rs 500 and Rs 1000 notes will exactly put money launderers in a fix

Businessinsider India - ‎21 hours ago‎
All of this means - Money launderers will either try to hoard cash, exchange them with new notesor deposit them in the banks to convert them into white. But, they won't be able to do any of these because firstly, hoarding is no good. Secondly, they go ...
 

500 and 1000 Notes Demonetised: Why the Move Is Unlikely to Push Digital Payments

NDTV - ‎22 hours ago‎
On Tuesday evening, Prime Minister Narendra Modi made an unexpected announcement where he stated that the Rs. 500 and Rs. 1,000 notes in circulation are being discontinued as legal tender. It is news that has taken many unawares, and immediately ...
 

New currency notes in ATMs from Friday: Government

The Indian Express - ‎8 hours ago‎
... there are facilities to withdraw money from ATM and exchange currency at banks, withdraw money from accounts,” he said on government withdrawing Rs 500 and Rs 1,000 notes from circulation to crack down on black money and counterfeit currency.
 

Pieces of Paper: Demonetisation of Rs 500 and Rs 1000 Notes Explained

The Wire - ‎19 hours ago‎
This is being done in order to remove all existing Rs 500 and Rs 1,000 notes from the ATMs and replace them with lower-value bills. Multiple experts and government officials, ... According to the RBI press conference today, there are 16.5 billion '500 ...
 

India to eliminate largest banknotes in strike at corruption

USA TODAY - ‎20 hours ago‎
India plans to eliminate the current versions of its two largest banknotes in a bid to undermine pervasive corruption. Prime Minister Narendra Modi announced Tuesday that current 500- and 1,000-rupee notes — worth about $7.50 and $15, respectively ...
 

Home Corruption Master Stroke by PM Narendra Modi to curb Black Money: 500, 1000...

http://www.newsgram.com/ - ‎21 hours ago‎
Rs 500 and Rs 1000 notes will not be “legal tender from midnight tonight” and these will become just worthless pieces of paper. However, notes in the lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to ...
 

'Circulation growth of 500/1000 rupee notes higher than economic growth'

onmanorama - ‎20 hours ago‎
New Delhi: One of the reasons that prompted the government to withdraw Rs 500/1,000 rupee notes from circulation is that their circulation was not in line with the economic growth, said economic affairs secretary Shaktikanta Das on Tuesday. Das said ...
 

Rs 500, Rs 1000 notes abolished: This is how it will affect Bollywood

The Indian Express - ‎2 hours ago‎
PM Narendra Modi's decision to abolish Rs 500 and Rs 1000 rupee notes to curb the flow of black money has been lauded and appreciated by one and all in Bollywood. The decision which became effective from the midnight of November 9 effectively ...
 

Don't Panic, Printing of New Currency Notes Began Months Ago

News18 - ‎22 hours ago‎
New Delhi: The printing of the new Rs 500 and Rs 2,000 currency notes started around six months ago, and utmost secrecy was maintained at all levels to keep the decision to recall the existing denominations of Rs 500 and Rs 1,000 under wraps.
 

Indian Prime Minister to Withdraw 500 and 1000 Rupee Notes

Day News - ‎19 hours ago‎
Speaking to Indian citizen, Aakanksha Srivastava, Day News discovered that the move to withdraw these notes from circulation was completely unexpected. “From midnight, all 500 INR and 1000 INR Notes will be banned, using them will be illegal,” she ...
 

Rs 500, Rs 1000 note ban: Industry terms it 'watershed' moment in fight against black money

Firstpost - ‎20 hours ago‎
Lastly, this move also shows the intent of the government to come up with game changing ideas and will represent a threat to all future operations in the black economy and hoarding of cash. ... Divya Baweja, Partner, Deloitte Haskins & Sells LLP: “The ...
 

LIVE: PM Narendra Modi says Rs 500 and Rs 1000 notes will not be legal anymore

Financial Express - ‎18 hours ago‎
12:20pm: FM Arun Jaitley: This is no immunity scheme; all deposits of old Rs 500, Rs 1,000 notes in bank accounts will be subject to tax laws. Political funding ... 10:30am: Coming down heavily on the Centre over the sensational development of ...
 

Demonetisation Live: New Rs 500, Rs 2000 Notes Available From Nov 11

News18 - ‎8 hours ago‎
The new high-security Rs 500 and Rs 2,000 currency notes will be available in all the ATMs across India from November 11 onwards, said Finance Secretary Ashok Lavasa. “There will not be any problem as it will be available from Nov 11 in all ATMs. RBI ...
 

Cong. criticises decision, says it will hit small traders and common man

The Hindu - ‎17 hours ago‎
In a series of tweets, he said, “PM @narendramodi ji's decision to discontinue Rs. 500 & Rs.1000 rupee noteswill immensely help eliminating the corruption. On behalf of all BJP Karyakartas, I compliment the Central Govt & PM @narendramodi for taking ...
 

You will get back the value of all the notes you tender: RBI clears the air

Hindustan Times - ‎17 hours ago‎
Indian residents queue to deposit money in a Cash Deposit Kiosk in Siliguri. Prime Minister Narendra Modi announced late November 8 that 500 and 1,000 rupee notes will be withdrawn from financial circulation from midnight, in a bid to tackle corruption.
 

Your money will remain yours, no need to panic : RBI

The New Indian Express - ‎21 hours ago‎
... the demonetization of Rs 500 and Rs 1,000 currency notes with immediate effect. In a televised address to the country directly, Modi said that from midnight of 8th November all Rs 500and Rs 1,000 rupee notes would be illegal in all forms of ...

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