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After currency demonetisation now RBI stops production of coins

Published

7 years ago

on

Coins, Currency demonetisation, Currency ban, Demonetisation of currency, Demonetistion of coins, Reserve Bank of India, Center Government, Narendra Modi government, Coins production, Business news

New Delhi: The Center government led by Narendra Modi is going to complete about four years tenure in power and till yet the Saffron Party has taken some big reform decisions on the economic front like currency demonetisation now they have decided to stop coins production.

 

 

Now, in this regards if we go with media reports than the production of coins has been discontinued by the Narendra Modi government that use to take place in Noida, Mumbai, Kolkata and Hyderabad.

 

 

We would like to tell you that the production of coins have been stopped by the Government of India at all these places. According to Reserve Bank of India (RBI) officials have informed that the work of coins production has been stopped since Tuesday.

 

Now after currency demonetisation, RBI gives order to stop coins production:

 

The reason behind stopping of coins production was given by the RBI officials that after currency demonetisation the production of coins has been increased this much that the coin have still being lying in apex banks’ store till yet.

 

 

If we go with the notice of the RBI than there is a storage of 2500 MPCS coins till January 8th and this is the reason that why the production of coins has been stopped till the next order of apex bank.

 

 

Let us remind you that that the Narendra Modi government had enforced the note ban on entire country on November 8th, 2016. After which the Prime Minister Narendra Modi declared old currency notes of Rs 500 and 1000 as not a legal tender from mid night on that day.

 

 

Interestingly, the reason behind this decision was given by the central government is putting end on corruption and black money and after the ban was imposed the common people faced lots of problem throughout the country for many days.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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