Nearly 50 per cent of Rs 2K notes in circulation has already come back: RBI Governor

News Network
June 8, 2023

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Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month.

As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation.

"So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy here.

About 85 per cent of Rs 2,000 notes are coming as deposits in bank accounts and this is in line with expectation, he said.

On May 19, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes as part of its currency management and permitted the exchange of such notes (up to Rs 20,000 in one go) from May 23 onwards. The exchange or deposit window is available till September 30, 2023.

The governor also urged the public not to panic for exchange or deposit of Rs 2,000 notes but should avoid last minute rush.

He also made it clear that RBI is not thinking of withdrawing Rs 500 notes, or even re-introducing notes in the Rs 1,000 denomination, and requested the public not to speculate on this.

Last month, the RBI governor had said the majority of the withdrawn Rs 2,000 currency notes are expected to be returned to the banking system by the September 30 deadline.

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News Network
January 1,2025

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New Delhi: In a jibe at AAP supremo Arvind Kejriwal on Wednesday, Delhi BJP chief Virendra Sachdeva urged him to give up what he said were the former CM's "deceitful and dishonest" political practices as a new year resolve.

The dig at Kejriwal comes in response to his letter to RSS head Mohan Bhagwat in which he has accused the BJP of "openly" distributing money and trying to get Puravanchali and Dalit voters deleted from Delhi's electoral rolls ahead of the assembly polls.

Sachdeva extended Kejriwal new year greetings in his letter and said since childhood we all make resolutions on New Year's day to give up bad habits and start something good and new.

The Delhi BJP president said he hoped that, on the first day of 2025, Kejriwal would strive to bring meaningful change by abandoning "dishonest and deceitful political practices".

As part of his New Year's resolution, Kejriwal should resolve to "never to swear in the name of his children", and "apologise for promoting liquor" and "making false assurances" of cleaning Yamuna, Sachdeva said.

He also said he hoped the AAP chief would stop "playing with the sentiments" of Delhi's women, elders, and religious communities by making "false promises" and will not "associate with or accept donations" from "anti-national forces" for political gains.

"May God give you the strength to walk on the path of righteousness," Sachdeva said concluding the letter.

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News Network
January 15,2025

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In a no-holds-barred attack on RSS chief Mohan Bhagwat for his remark that India got "true independence" after the Ram Temple in Ayodhya was consecrated, Congress leader Rahul Gandhi today said the comment amounted to "treason" and that Mr Bhagwat would be arrested and tried if he was in any other country.

Mr Gandhi was addressing an event to mark the inauguration of the new Congress headquarters in Delhi. "We are getting a new headquarters at a very particular time. I think it's quite symbolic that yesterday, the chief of the RSS said that India never achieved Independence in 1947. He said true Independence in India was achieved when the Ram Mandir was built. He says that the Constitution was not the symbol of our freedom."

"Mohan Bhagwat has the audacity to inform the nation every two or three days what he thinks about the Independence movement, what he thinks about the Constitution. What he has said yesterday is treason because it is stating that the Constitution is invalid, it is stating that everything (done) to fight against the British was invalid and he has the audacity to say this publicly," Mr Gandhi said, adding, "in any other country, he would be arrested and tried".

"To say that India did not get Independence in 1947 is an insult to every single Indian and it's about time we stop listening to this nonsense that these people think they can just keep parroting out and shouting and screaming," the Leader of the Opposition in Lok Sabha said.

Mr Bhagwat was in Indore on Monday to present the National Devi Ahilya award to Champat Rai, general secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust. Addressing a gathering there, he said the day of the consecration of Ram Temple in Ayodhya should be celebrated as "Pratishtha Dwadashi" as it marks the "true independence" of Bharat. 

"India, which faced enemy attacks for centuries, witnessed its true independence that day. We had independence, but it had not been established. India got political independence on August 15, 1947, we also brought a Constitution but the country did not run in its spirit. How can we accept that dreams have been fulfilled and pain alleviated? Our swa (self) is Ram, Krishna and Shiva. Do they belong only to those who worship them? No. Ram connects people from north to south, Krishna from east to west and Shiva is in every particle of Bharat," he said.

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News Network
January 13,2025

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Riyadh: The Indian Embassy in Riyadh hosted a grand Indian Community Interaction Program at its auditorium in the Diplomatic Quarter, attended by the Honorable Minister for Parliamentary and Minority Affairs, Shri Kiren Rijiju. The event, which commenced at 6 PM (KSA time) brought together a vibrant gathering of Indian community members, Embassy officials and dignitaries.

The Minister was warmly welcomed by the Indian community steering committee with a traditional Himachali cap and shawl, symbolizing Indian cultural richness and diversity. The Honorable Indian Ambassador to Saudi Arabia, Dr. Suhel Ajaz Khan, shared the dais. 

In his address, Shri Kiran Rijiju emphasized the growing strategic partnership between India and Saudi Arabia, describing it as critical for fostering mutual growth and supporting the well-being of the Indian diaspora. He remarked, “India and Saudi Arabia share ancient ties, which have evolved into a robust partnership spanning trade, education, technology and culture.”

“The Kingdom is not only home to 2.6 million Indians but also a key ally in advancing global stability and prosperity,” he said. With the Indian diaspora in Saudi Arabia being the second-largest globally, Shri Rijiju equated their number to the population of many nations.

Shri Rijiju underscored the shared commitment to strengthening cultural and economic links, which directly benefit the Indian community in Saudi Arabia and their families in India. 

He captivated the audience with his thoughtful address, expressing gratitude to the Indian diaspora for their invaluable contributions. Reflecting on his earlier visits to the Kingdom as a Member of Parliament and individual basis, he emphasized the significance of this trip as Minister for Parliamentary and Minority Affairs and it’s going to be helpful to the people, especially Hajjis and all Indian diasporas, who are living in the Kingdom. 

Hajj 2025 Preparations & Increase in Hajj Quota

A major highlight of Shri Rijiju’s address was the Government of India’s efforts to improve the Hajj experience for Indian pilgrims. He announced an increase in the Hajj quota for 2025 and introduced new guidelines aimed at ensuring safety, efficiency, and comfort, especially for elderly pilgrims, women and others. 

The Minister emphasized India’s collaboration with Saudi authorities to streamline travel, accommodation, and healthcare facilities for pilgrims, ensuring a hassle-free and spiritually fulfilling experience. He reiterated the government’s commitment to safeguarding the interests of Hajjis, reflecting India’s proactive approach to catering to the needs of its citizens abroad.

Rising Global Stature of India

Shri Rijiju also emphasized and spoke about India’s emergence as a global power. “Unlike a decade ago, India today is a center of global influence with strong ties to almost every nation; India is becoming a global center of power, linked to almost every nation,” he said. The world’s perception of India and Indians has transformed positively, and every Indian can now feel a profound sense of pride,” he stated.

Commendation for Embassy and Cultural Performances

The minister praised the Indian Embassy in Riyadh and the Consulate in Jeddah for their exceptional works including managing one of the busiest workloads among Indian missions globally, such as issuing around 600 passports daily. He also praised their active involvement in promoting bilateral relations.

The evening featured cultural performances by students from Indian International Schools in Riyadh. Classical dances, along with a special performance marking Vishwa Hindi Divas, captivated the audience. Shri Rijiju applauded the students for showcasing the richness of India’s linguistic and cultural diversity, emphasizing equal respect for all Indian languages such as Tamil, Malayalam, Kannada, Telugu, Marati, Rasthani, Manipuri, Dogra etc. 

The event concluded with the Minister distributing prizes to winners of various competitions, leaving attendees inspired and proud of their shared cultural roots. Dinesh Setia, First Secretary at the Indian Embassy, ensured the program’s seamless flow as the master of ceremonies.

The Indian community expressed gratitude to Shri Rijiju for his inspiring vision and praised the Embassy for hosting a memorable evening.

(Inputs from P.A. Hameed Padubidri, Riyadh)

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