RBI hasn't said Rs 2,000 note will have 'nano GPS chip'

RBI hasn't said Rs 2,000 note will have 'nano GPS chip'

The Reserve Banlk of India's official release about the notes doesn't mention a tracking chip.   More »

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WAR ON BLACK MONEY

Rs 500 & Rs 1,000 notes abolished

You can, however, exchange or deposit these notes at banks or post offices till Dec 30.

Features of Rs 2,000 note | All on bank, ATM closure | Sehwag, Kumble laud Modi

  • India's shock bank note ban sparks cash chaos

    The shock measure also sent shudders through the investment community on a day when the markets were also reeling at the election of Republican candidate Donald Trump as the next U.S. president. India's National Stock Exchange share index slumped as much as 6.3 percent in early trade before recovering most losses to close the day off 1.3 percent. The currency move, announced late on Tuesday night by Prime Minister Narendra Modi, aims to bring billions of dollars worth of unaccounted wealth into the mainstream economy and curb corruption.

    Reuters

  • Shocking! Shah Rukh Khan’s Wife Gauri Khan Offers Money To A Photographer To Delete Her Photo

    As we all know paparazzi play a major part in Bollywood celebrities’ career as well it’s a machine for their fame. According to reports, recently Shah Rukh Khan’s wife Gauri Khan asked a photographer to delete her picture. As per reports, Gauri Khan had gone to a place for her new showroom and that’s when a photographer clicked her.

    Business of Cinema

  • India vs England 1st Test, Day-1 Live: Alastair Cook Dismissed After Nervy Start

    Hello and welcome to our live coverage of the India vs England first Test, day one at Rajkot. Toss Update England wins toss and opt to bat first in Rajkot. Squads India: Murali Vijay, Gautam Gambhir, Cheteshwar Pujara, Virat Kohli(c), Ajinkya Rahane, Ravichandran Ashwin, Wriddhiman Saha(w), Ravindra Jadeja, Amit Mishra, Mohammed Shami, Umesh Yadav England Alastair Cook(c), Haseeb Hameed, Joe Root, Ben Duckett, Ben Stokes, Jonny Bairstow(w), Moeen Ali, Chris Woakes, Adil Rashid, Stuart Broad, Zafar Ansari

    News18 q

  • Rs 14 Lakh Crore Cash Just Got Junked – What That Means for Black Money in the Country

    Rs. 14 lakh crore, or $217 billion -- 86% of the value of Indian currency currently in circulation became useless from midnight of November 8, 2016, as a part of the government’s crackdown on black or unaccounted money. Rs. 500 notes amount to Rs 7.85 lakh crore (approx. $120 billion), while Rs. 1,000 add up to to Rs. 6.33 lakh crore ($97 billion) according to Reserve Bank of India data. Source: Flickr Here are three ways in which this move should affect the black-money economy, which according to this 2016 report by Ambit Capital, a financial research company, forms a fifth of the Indian economy: 1. The sudden announcement will directly affect black money hoarded by Indians, and will possibly present them two alternatives: either deposit the money after identifying themselves to banks, or exchange the money by November 24, 2016. According to basic calculations, with a daily limit of Rs. 4,000 a day, a maximum of Rs. 60,000 can be exchanged by a person in 15 days from November 10 to November 24. From November 24 onwards, the exchange process will be eased for convenience, meaning the exchange limit will be increased. However, there is no limit on deposits. 2. As the deadline for Indian individuals to declare undisclosed income, the Income Declaration Scheme, ended on September 30, 2016, no ‘unaccounted for’ money can be declared now. It ceases to be money. Instead it will be a ‘worthless piece of paper’, as PM Modi termed it in his speech. Picture for representation only. Source: Flickr 3. Instances of cash-for-vote prevalent in Indian elections –in the form of bundles of cash in deligitimised denominations may not work anymore. While bank notes increased 40% from 2011 to 2016, Rs. 500 notes increased 76% and R.s 1,000 notes increased 109%, the finance ministry said. New notes of Rs. 500 and Rs. 2,000 will be introduced for circulation from November 10, 2016. Rs. 2,000 notes will be monitored and regulated by RBI. The Rs. 2,000 and Rs. 500 do not have ‘nano chips’ and cannot be tracked, as WhatsApp forwards have been claiming. “From midnight November 8, 2016 today, Rs 500 and Rs 1,000 notes are no longer legal tender,” Prime Minister Narendra Modi announced in his address to nation. The two highest denominations of bank notes used as cash in India, Rs 500 and Rs 1,000, cannot be used for any transaction from today. The government had earlier withdrawn old Rs. 500 notes from circulation, in effect, demonetizing the currency two years back, IndiaSpend reported in January 2014. Here is what you can do. #IndiaFightsCorruption pic.twitter.com/jtoCuXFohF — PMO India (@PMOIndia) November 8, 2016 Cheaper money now illegal, costlier money stays: Source: Flickr The Rs. 1,000 note ‘was’ the cheapest note produced in India. Rs. 1,000 note required only 0.32% of its face value to produce but a Rs. 100 note requires 1.8% of its face value, Rs. 50 note 3.6%, and Rs. 10 note 9.6% to print. There are 15.7 billion notes of Rs. 500 and 6.3 billion notes of Rs. 1,000 in circulation in India. Thus, 22 billion notes in the country will need be junked after midnight. The move will also have a positive byproduct: individuals and households with no bank accounts – keeping all income in cash and at homes, will now have to create bank accounts to deposit money, making financial inclusion indirectly inevitable. Some relaxations on the use of Rs. 500 and Rs. 1,000 notes have been given to account for special situations, for example, pay hospital bills, transport expenditure and petrol pumps till November 11, 2016. New notes of Rs. 500 and Rs. 2,000 will be introduced for circulation from November 10, 2016. Rs 2,000 notes will be monitored and regulated by RBI. The sectors that could probably be hit the worst in the short-term could be the bullion and real estate since the two handle a lot of transactions in cash. Banks will keep record of people who come to exchange cash. You have to shown Aadhar, driving licence, ration card, passport etc — IndiaSpend (@IndiaSpend) November 8, 2016 New Rs 500 note has Gandhi on one side, Red Fort on other: Rs 2,000 note will have Gandhi and Mangalyan, Mars orbiter. Will be smaller — IndiaSpend (@IndiaSpend) November 8, 2016 Run on ATMs across the country. But Rs 500 notes dispensed by ATMs are no longer legal tender. — IndiaSpend (@IndiaSpend) November 8, 2016 (Written by Waghmare) Indiaspend.org is a data-driven, public-interest journalism non-profit/ FactChecker.in is fact-checking initiative, scrutinising for veracity and context statements made by individuals and organisations in public life. Like this story? Or have something to share? Write to us: [email protected], or connect with us on Facebook and Twitter. NEW: Click here to get positive news on WhatsApp!

    The Better India

  • Snapped: Rani Mukerji With Her Cute Family

    Bollywood actress Rani Mukerji has been one of the finest actresses Indian Cinema has ever produced. The actress has taken a hiatus from the Hindi Film Industry after the birth of her daughter Adira. The parenthood phase has kept Rani away from Bollywood, but whenever the actress is captured on any occasion it brings a smile on the faces of the people.

    Business of Cinema

  • Times Network Releases Statement On Arnab Goswami’s EXIT

    TIMES NETWORK, the television arm of India’s largest media conglomerate, The Times Group (Bennett Coleman & Company Limited ), confirmed the resignation of Arnab Goswami, President News & Editor-In-Chief of TIMES NOW, ET NOW and Magicbricks NOW. M K Anand, MD & CEO, TIMES NETWORK, while conveying his best wishes to Mr. Goswami commented that, “ TIMES NETWORK cherishes the decade long association it had with Arnab.

    Business of Cinema

  • Shocking! Two Actors Feared Dead After Stunt Goes Wrong – Watch Video

    The lead actor of the film, Duniya Vijay, also jumped with them but he reportedly had access to a life jacket and swam to the shore on time. The duo were not provided with life jackets and a boat was supposed to pick them up after they had jumped into the water.

    Business of Cinema

  • War of words between Karan Johar, Sonu Nigam and Vidhu Vinod Chopra over Ae Dil Hai Mushkil

    Even though the Karan Johar directed Ae Dil Hai Mushkil has proved to be a hit at the Box-Office, it also had its share of controversies. The latest one is in the form of a dialogue in the film that states “Mohammad Rafi? Woh gaate kam rote zyada the na?” This dialogue from the film has snowballed into a big controversy that recently had many expressing their displeasure over. Two such people who were irked about the above dialogue were singer Sonu Nigam and filmmaker Vidhu Vinod Chopra. Readers may recall that, Sonu Nigam had earlier expressed his displeasure by saying, “If you can listen to the same joke about your parents then we are wrong. If your blood boils that how can someone say something

    Bollywood Hungama q

  • Check out: Anushka Sharma's special birthday surprise for Virat Kohli

    All is well between Anushka Sharma and Virat Kohli as they are back together after many reports had suggested that the couple was on a break. Their recent appearance together was in Goa during a football match. Virat Kohli celebrated his 28th birthday on November 5 with his teammates. This was followed by a trip to Rajkot with Anushka Sharma. Virat kept Anushka close by holding her hand when they arrived in Rajkot. It turns out that Anushka had a surprise planned for him after they reached their destination. She had decorated his room with flowers, cake and balloons. On the work front, Anushka Sharma is starring in Karan Johar‘s Ae Dil Hai Mushkil which is currently running in the theatres.

    Bollywood Hungama q

  • Saif Ali Khan clarifies on rumours about sex determination of his child with Kareena Kapoor Khan

    Taking their fans by a surprise, soon after the release of Udta Punjab, celebrity couple Kareena Kapoor Khan and hubby Saif Ali Khan decided to announce the arrival of their first baby. Of late, social media has been set abuzz by netizens with rumours about the couple expecting a son and that they will be naming the baby Saifeena. This further fuelled up speculations that Saif Ali Khan and Kareena Kapoor Khan have taken the sex determination test for their baby. Putting an end to all of these rumours and denying the allegations was Saif Ali Khan who released a statement saying, “I want to let everyone know that we have not yet had our child and we still don’t know the sex of the child. We will

    Bollywood Hungama q

  • If petrol pump refuses to accept Rs 500 and Rs 1000, govt. will rescue: Dharmendra Pradhan

    New Delhi [India], Nov. 9(ANI): Minister of State (with Independent charge) for Petroleum and Natural Gas Dharmendra Pradhan on Wednesday said if the petrol pumps refuse to accept Rs. 1000 and Rs. 500 notes then government would coordinate in the dealings. "Every petrol pump will accept notes of Rs 1000 and Rs 500 till November 11, I appeal all to kindly coordinate," he said. In a bid to flush out black, caused chaos on Wednesday as gas stations and some retailers refused to accept the larger bills, and bank ATMs stayed closed.

    ANI

  • Revealed: Yuvraj Singh and Hazel Keech’s wedding card

    Recently, the couple’s uniquely designed wedding card found its way to the internet. The card, which has many caricatures of the couple on it, looks extremely adorable because of its unique content. The card has been titled as ‘Yuvraj Hazel Premier League’. The wedding cards have been conceptualised by designers Sandy and Kapil Khurana. When asked about the venue of the wedding, Yuvraj Singh’s mother Shabnam Singh chose not to reveal fearing the rush of fans and media. The family and guests of Hazel Keech are reportedly expected to come over from Mauritius and UK.

    Bollywood Hungama q

  • Twitterati accuses Ram Gopal Varma of plagiarism over Nuclear poster

    With Sarkar 3 already on floor, Ram Gopal Varma took to social media to announce his first international project, titled Nuclear yesterday. While he also posted a couple of posters of the film devoid of the casting details, one of the posters has come under the scanner on Twitter. One of the users of the micro-blogging sites pointed out that Ram Gopal Varma’s Nuclear poster has a close resemblance to a play-station ad, specifically, the 2007 PS3. The film was announced in collaboration with CMA Global who will also be backing the project which is worth Rs. 340 crores. However, the details of the casting are yet to be revealed. The producers and the director also released a statement about the

    Bollywood Hungama q

  • KRK calls Aamir Khan 'Besharam Insaan' for supporting Sunny Leone

    Kamaal R Khan, the self-proclaimed movie critic, has always tried to make sure that he stays in news by targeting celebrities and making unsolicited comments. Be it an actor, actress or a filmmaker, he never misses a single opportunity to gain the limelight. Once again, KRK is in news but this time he has targeted Aamir Khan. As per the reports, Sunny Leone‘s film Beiimaan Love has apparently been banned in a UK theatre. The reason for ban is unknown but KRK took this opportunity to blabber about it and also dragged Aamir Khan into this. In a series of tweets, he poked fun at Sunny Leone after film was banned and reminded her about her porn star past. He made some unsavoury comments about Aamir

    Bollywood Hungama q

  • Urjit Patel May Prove To Be Just The Right Remedy That The Indian Economy Needs Currently

    Urjit Patel is the man who will now be heading India's central economic and financial machinery – the Reserve Bank of India. How will he fare as the next boss? Find out!

    GaneshaSpeaks.com

  • The sexiest Movember men in Bollywood

    What started as an awareness-raising trend for men’s health, especially prostate and testicular cancer, Movember, as it is popularly known, became a rage with celebrities globally as they flaunted their moustaches. Ranveer Singh: Ranveer has often flaunted an enviable moustache and beard. From sporting a handle bar moustache in Goliyon Ki Rasleela Ram Leela, to a well-defined beard on the face for Bajirao Mastani, Ranveer makes girls swoon over his sexy scruff.

    folomojo

  • No cleavage clause in Sajid Nadiadwala's films

    Sajid Nadiadwala is strictly opposed to a display of female cleavage in his cinema. If we look back at his films we’d see that his heroines over the years have never displayed their cleavage for the camera. Says a source close to the production house, “It is a policy followed by the Nadiadwalas. You won’t ever find any of the heroines or for that matter any of the woman characters, displaying cleavage.” In Housefull 3 there are three hotties Lisa Haydon, Nargis Fakhri and Jacqueline Fernandez. But none of these attractive ladies has shown any cleavage for even a passing shot. Says the source. “No cleavage is permitted even by chance. If accidently a female actors ends up showing some cleavage in

    Bollywood Hungama q

  • `Rawalpindi Express` Akhtar becomes father of baby boy

    New Delhi [India], Nov.8 (ANI): Former Pakistan speedster Shoaib Akhtar and his wife Rubab Khan, who were expecting their first child, are now proud parents of a baby boy. An ecstatic Akhtar took to micro blogging website Twitter to announce the arrival of his son. The 40-year-old further informed that both the baby and his wife Rubab were fine.

    ANI

  • Spotted: Varun Dhawan and Alia Bhatt lunching in Singapore

    Buoyed by the success of their last film together Humpty Sharma Ki Dulhania, the trio of director Shashank Khaitan and actors Varun Dhawan and Alia Bhatt are back with their next outing Badrinath Ki Dulhania. Readers may know that the team of Badrinath Ki Dulhania is in Singapore to shoot for the film. The minute the team landed in Singapore, the team of Badrinath Ki Dulhania stopped at the famous Dempsey House for lunch in Singapore. The film’s director Shashank Khaitan even posted a photograph on Twitter. Shashank Khaitan captioned the photograph as “#BadrinathKiDulhania … lunching at the house … #dempseyhouse … singapore vibes”. Besides Varun Dhawan and Alia Bhatt, Badrinath Ki Dulhania also

    Bollywood Hungama q

  • Ratan Tata Is Running Out of Time to Restore His Family Empire

    It is, said a bewildered employee of India’s biggest company, very "un-Tata-like."

    Bloomberg q