RBI says ban on Rs 1000, Rs 500 notes proposed hours before PM’s speech

[Chamak_Chandra]

http://www.hindustantimes.com/india-news/rbi-says-ban-on-rs-1000-500-notes-proposed-hours-before-telecast-of-pm-s-speech/story-N5BQMs2RHkYUXMqzcvm44K.html

 

"Between the RBI board meeting and Modi’s demonetisation announcement, the government just had a couple of hours to process the bank’s formal recommendation. "

 

Ippudu modi bakthulu  antaru .. he/bjp  wants to keep demonetization a secret even with RBI.  

[Chamak_Chandra]

Ltt

[Tdp14]

 bjp vallu unna money ni banks lo deposit chesukuntaniki aa couple of hours ichi untaru 

[Chamak_Chandra]

People are getting to know the real face of BJP / Modi ....  

[Kool_SRG]

RBI released a circular if i am right on 3rd November to Recalibrate 20% of ATMs to dispense only 100 denominations and gave a time of around 2 weeks for all banks to implement this a pilot project...May be RBI knew it was coming but wouldn't have hopped so soon....Elago RBI Guv gujju kaabatti couldn't go against govt.

Feel Raghuram rajan undiunte something as such wouldn't have pressed in action with under preparedness..

[Kool_SRG]

RBI Notifications to Bank on Nov 2nd about recalibration of ATMs.

.

Dispensation of Rs.100 denomination banknotes through exclusive ATMs

RBI/2016-17/106 DCM (CC) No.1170/03.41.01/2016-17 November 02, 2016 The Chairman & Managing Director / Chief Executive Officer, All Banks Madam / Dear Sir, Dispensation of Rs.100 denomination banknotes through exclusive ATMs Please refer to our circular DCM (CC) G-10/3352/03.41.01/2015-16 dated May 5, 2016 on the Currency Distribution and Exchange Scheme (CDES). 2. A review of steps taken by banks for installing ATMs dispensing lower denomination banknotes was conducted and found that very few banks had taken initiatives in setting up ATMs dispensing lower denomination notes including Rs.100 denomination banknotes. 3. In keeping with the objectives of Clean Note Policy and to ensure that genuine requirement of members of public for Rs. 100 denomination banknotes are met, the banks should increase dispensation of Rs. 100 banknotes through ATMs which are widely used for distribution of banknotes for retail use. 4. With a view to encourage the banks in that direction, it has been decided to conduct a pilot project wherein 10% of the ATMs in the country will be calibrated to dispense Rs.100 banknotes exclusively. You are, therefore, advised to configure / calibrate 10% of your ATMs to facilitate this arrangement. 5. As the process involved in configuring the requisite number of machines is not complex, the banks are required to complete the exercise within 15 days from the date of the circular and report compliance. For this purpose, banks are free to select the branches with the sample covering relatively large number of centres / states. The data on location of such ATMs in the annexed format may also be advised to us. You may share your feedback on the pilot after a lapse of two months. 6. Kindly acknowledge receipt. Yours faithfully, (P. Vijaya Kumar) Chief General Manager Encl : As above

[TopLechipoddi]

[perugu_vada]

Aftermath gurinchi discuss cheskuni no use now, ppl still struggling due to demonetisation, dhaniki solution chupinchatlefu still, which is very sad

rich ppl bane exchange cheseskunaru valla black money ni, poor n middle class got mostly affected, this will be a big black mark in modi's rule make no mistake about it

[Tdp14]

19 minutes ago, perugu_vada said:

Aftermath gurinchi discuss cheskuni no use now, ppl still struggling due to demonetisation, dhaniki solution chupinchatlefu still, which is very sad

rich ppl bane exchange cheseskunaru valla black money ni, poor n middle class got mostly affected, this will be a big black mark in modi's rule make no mistake about it

Even govt send more new 500 currency into market also there will be shortage of small notes for short time,.. temparory solution use digital thats it.. aadhar and finger print mix and transaction is good idea but how uneducated people will be educated is imp.. 

[perugu_vada]

28 minutes ago, Tdp14 said:

Even govt send more new 500 currency into market also there will be shortage of small notes for short time,.. temparory solution use digital thats it.. aadhar and finger print mix and transaction is good idea but how uneducated people will be educated is imp.. 

Thappadhu ante valle nerchukuntaru le, thats not d point here, common man ni intha kashtapettadu rich ppl were safe again adi main issue

[Chamak_Chandra]

2 hours ago, perugu_vada said:

Thappadhu ante valle nerchukuntaru le, thats not d point here, common man ni intha kashtapettadu rich ppl were safe again adi main issue

Yes and some bakths doesn't agree with your point and blindly believe in whatever modi does without any logic ...