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Post demonetisation about Rs 5,000 cr spent on printing of new 500 notes

Published

7 years ago

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Demonetisation, Government, Lok Sabha, Specified Bank Notes, Scrapped currency, New Currency notes, Business news

New Delhi: The government has informed the Lok Sabha that about Rs 5,000 crore was spent on printing of new Rs 500 currency notes post demonetisation.

 

 

As per the information provided by Minister of State for Finance P Radhakrishnan in a written reply, as many as 1,695.7 crore pieces of Rs 500 denomination note were printed till December 8th.

The amount spent on production of Rs 500 notes was Rs 4,968.84 crore, he said.

 

 

The minister also informed that the RBI printed 365.4 crore pieces of Rs 2,000 notes. The cost incurred is about Rs 1,293.6 crore.

Similarly, Rs 522.83 crore have been spent on printing of 178 crore pieces of Rs 200 notes.

 

Rs 5,000 cr spent on printing new Rs 500 currency notes post demonetisation:

 

“New design notes in the denomination of Rs 50, 200, 500 and 2,000 have been introduced after demonetisation,” the minister said.

 

 

In another reply, he said the surplus transfered from the RBI to the government has declined by Rs 35,217 crore in 2016 -17 mainly on account of increase in expenditure on printing of currency notes.

The RBI had transfered Rs 65,876 crore as surplus to the government in 2015-16. The amount reduced to Rs 30,659 crore in 2016-17.

 

 

The government on November 8, 2016 announced to demonetise old Rs 1,000 and Rs 500 notes, which together accounted for about 86 per cent of the currency in circulation. About 99 per cent of the scrapped currency was returned to the RBI.

“Subject to future corrections, based on verification process, the estimated value of Specified Bank Notes (scrapped currency) received as on June 30, 2017 is Rs 15.28 lakh crore,” the minister said in reply to another question.

 

 

As part of its remonetisation exercise, the Reserve Bank came out new notes of Rs 500 and Rs 50. It also introduced notes of Rs 2,000 and Rs 200.

 

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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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