Printing of Rs 2,000-denominated notes stopped at least six months back and now the Rs 200 notes are getting printed at these presses. Currently, these two high-denomination currency notes make up for more than 70% of all currency in circulation by value, RBI data showed.
Earlier on August 25, RBI had released Rs 200 and new Rs 50 notes that will only be available in the banks.
Experts say that what goes for 1000-rupee notes is equally applicable for 500-rupee notes. But expectations of various quarters that sizable portion of the demonetised currency won't return has not been fulfilled. That is 1 per cent. Shame on RBI which "recommended" demonetisation. "The economists deserve Nobel Prize", the senior Congress leader said sarcastically. RBI said its income for 2016-17 decreased by 23.56 per cent while expenditure jumped 107.84 per cent. The data has however not been provided for the Rs 500 notes which were also demonetised.
Six people killed in India due to floods
The train commuters had harrowing experiences in CR, WR and Harbor Line because they were running late due to flooded tracks. Mumbai has received the heaviest and longest bout of rain since July 26, 2005, when the city was devastated by floods.
It also said that barring Rs 100, the detection of fake notes increased across denominations-notably, Rs 500 and Rs 1000-during the last fiscal.
Finance Minister Arun Jaitley said on Wednesday that the confiscation of money was never the objective of the demonetisation exercise. These were issued by select RBI offices and some banks.
The final deposit figures could still rise since on June 20, 2017, the government allowed District Central Cooperative Banks to deposit the withdrawn notes that had been accepted by them from customers between November 10-14. He said the demonetisation was not a move to confiscate currency.
Sources quoted by PTI said these lenders were on the RBI's radar as their financial health may not improve after the asset quality review (AQR) comes by the end of March 31.