Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
June 29, Thursday 2017 9:20 AM       

       HEADLINES: Attack on actress: Govt is with the victim, says Kodiyeri                                              Pulsar Suni hid phone in kitchen                                              Loknath Behera appointed state police chief                                              Half done things will be completed, says Behera                                              There are no known criminals in film industry: Innocent                                              Operations at Jawaharlal Nehru port in Mumbai hit by ransomware                                              Aadhaar-PAN linking must from July 1, govt notifies rules                                              Junaid Khan lynching: Four more including 50-yr-old arrested                                              Iran accuses US of 'brazen' plan to change its govt Advertisement                                              Modi world's most important PM: Israeli daily                                              Modi, Trump meeting a 'tremendous success': US experts                                              Need to be consistent to win big events, says Prannoy                                              FIFA discloses damaging Qatar World Cup bid report                                              Federer poised for record Wimbledon triumph                                              Anyone can apply: Ganguly on Shastri                                              Kaumudi Facebook
       BUSINESS Next Article: Tata Motors inks pact with VW, Skoda; products likely from 2019  
       12 lakh new notes infused in the market: Jaitley
 
         Posted on :21:19:17 Mar 10, 2017
   
A A
       Last edited on:21:19:17 Mar 10, 2017
         Tags: 12 lakh, infused, market, Jaitley
 
NEW DELHI: Around 12 lakh new currency notes have been infused into the market by the Reserve Bank of India ever since the remonetisation process has started, Finance Minister Arun Jaitley said today.
 
The RBI has informed that till February 24, a total of 11,64,100 new currency notes are in circulation in the market, Jaitley said in the Lok Sabha. "This amount must have now increased to 12 lakh as it has been a fortnight since then," he said during Question Hour.
 
Responding to supplementaries, the Minister said it was difficult to give an exact figure on the number of deposited defunct Rs 500 and Rs 1,000 notes. "Every currency note has to be verified - whether it is genuine or fake. Then the genuine and fake notes have to be segregated. It is a very large exercise. It is difficult to tell now. Once the RBI completes the exercise, we will inform the House in details," he said.
 
Jaitley said the cost of the currency note is the function of direct and indirect material and labour cost, which changes every year. Differences also arise due to type and age of machines and the skill level of the employees.
 
"Due to the differences mentioned, the cost of notes varies from Rs 2.87 to Rs 3.09 per Rs 500 note (old or new) and from Rs 3.34 to Rs 3.77 for a Rs 1,000 note. The cost of the Rs 2,000 note is in the same range as that of the old Rs 1,000 note," he said.
 
The Minister also said that the net direct tax collection in December last year was Rs 1,40,824 crore compared to Rs 1,35,660 crore in December 2015.
A A
       BUSINESS
Next Article: Tata Motors inks pact with VW, Skoda; products likely from 2019
 
 
BUSINESS HEADLINES
Mukesh Ambani draws salary of Rs 15 cr for 9th year in a row  
'Govt won't hike PDS foodgrain prices for another yr'  
EU fines Google $2.72 bn for breaching antitrust rules  
Sensex drops most in one month, banks take a beating  
Sensex, Nifty take a selling hit, reverse gear  
EU to slap Google with record fine this week: sources  
Kerala govt investing Rs 50,000 cr on infra projects: Issac  
AI privatisation welcome but clear salary dues first: Pilots  
Rupee halts 3-day slide v/s USD; up 7 paise at 64.52  
Spice GST Suvidha provider is all geared up for July 1st  
Sensex tumbles 153 pts on profit-booking  
Sensex hits all-time high of 31,522  
RBI to keep rates unaltered in near term: D&B  
Sensex surrenders record gains on GST blues, mixed global cues  
GST to be rolled at midnight June 30: Jaitley  
India plans SAARC meet for startups: Nirmala  
Rupee gains 11 paise against dollar, stocks play anchor  
"Rs 700 cr worth of Momentum Jharkhand proposals implemented"  
JK govt to seek complete consensus before GST implementation  
Mobile data consumption rose 142% in last 3 yrs: Kant  
Gold loses sheen on weak global cues, muted demand  
Rupee opens lower by 15 paise against dollar  
Nifty ends below 9,600 post Fed rate hike  
Paytm, 1mg offer discounts ahead of GST  
Customers may get Rs 5,000 if int'l SIM card fails  
 
Do you think there is conspiracy against Dileep?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy