{"id":8060,"date":"2017-08-24T18:34:47","date_gmt":"2017-08-24T13:04:47","guid":{"rendered":"http:\/\/race4job.com\/blog\/?p=8060"},"modified":"2017-08-24T18:34:47","modified_gmt":"2017-08-24T13:04:47","slug":"current-affairs-rbi-to-introduce-rs-200-notes-soon","status":"publish","type":"post","link":"https:\/\/www.race4job.com\/blog\/current-affairs-rbi-to-introduce-rs-200-notes-soon\/","title":{"rendered":"Current Affairs: RBI to Introduce Rs 200 Notes Soon"},"content":{"rendered":"<p><span style=\"color: #ff0000; font-size: 18pt;\">RBI to Introduce Rs 200 Notes Soon, Printing Order has been Placed<\/span><\/p>\n<p><span style=\"color: #000000;\">According to the Reserve Bank of India, the Rs 200 notes are likely to be released as soon as possible. The Indian government has issued a gazette notification that will allow for the distribution of Rs 200 denomination currency notes.<\/span><\/p>\n<p><span style=\"color: #000000;\">As per the notification, it is said that \u201cIn exercise of the powers conferred by sub-section (1) of Section 24 of the Reserve Bank of India Act, 1934, and on the recommendations of the central board of directors of RBI, the Centre hereby specifies the denomination of <\/span>bank notes<span style=\"color: #000000;\"> of the value of two hundred rupees\u201d.<\/span><\/p>\n<p><span style=\"color: #000000;\">The currency note is expected to address liquidity issue and also reduce the burden on the Rs 100 note. The finance minister Arun Jaitley said <\/span>on<span style=\"color: #000000;\"> the new currency note \u201cThe entire process about it, when will it be printed, is all coordinated by the RBI. Therefore, only RBI can say about its (launch) date\u201d.<\/span><\/p>\n<p><span style=\"color: #000000;\">The <\/span>Department<span style=\"color: #000000;\"> of Economic Affairs Secretary SC Garg tweeted \u201cThe government has today specified denomination of bank note of Rs 200 value. Soon this note will get added to the bucket of currency notes in India\u201d.<\/span><\/p>\n<p><span style=\"color: #000000;\">ET had reported that the Reserve bank of India is likely to put the proposed Rs 200 notes in bank circulation in last week of August or may be in the first week of September 2017. RBI expects the notes to become very popular as there is no other denomination between Rs 100 and Rs 500 and is taking measures to ensure its availability quickly, the story said quoting a source.<\/span><\/p>\n<p><span style=\"color: #000000;\">A larger percentage of smaller denomination notes are expected to discourage black economy and hoarding. When asked if the government has plans to discontinue the Rs 2,000 note Jaitley said: \u201cI have not heard any discussion like this.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI to Introduce Rs 200 Notes Soon, Printing Order has been Placed According to the Reserve Bank of India, the Rs 200 notes are likely to be released as soon as possible. The Indian government has issued a gazette notification that will allow for the distribution of Rs 200 denomination currency notes. As per the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-8060","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/8060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/comments?post=8060"}],"version-history":[{"count":1,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/8060\/revisions"}],"predecessor-version":[{"id":8062,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/8060\/revisions\/8062"}],"wp:attachment":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/media?parent=8060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/categories?post=8060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/tags?post=8060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}