Any one found guilty is punishable under section 7 with fine that may extend to Rs 10,000 or five times the amount of the face value of the specified bank notes involved in the contravention, whichever is higher.
Bar Association General Secretary Bhanu Pratap Singh tried to pacify the irate lawyers but they refused to retreat and also thrashed the accomplices of the builder
On January 2, 1918, the British government of India released an exotic bank note of Rupees Two and Annas Eight, or two and a half rupees.
Modi wants the RBI to set a target date for achieving the objective as part of the ‘Make In India’ campaign.
The Reserve Bank of India has announced withdrawal of currency notes issued before 2005.
Meanwhile,jawans injured in the encounter at Shala Bhatu said the infiltrators are being helped by Pakistani soldiers.
Banknotes should be respected as they are a symbol of the Sovereign,says the central bank.
Indian public’s usage of the Indian rupee is facing a RBI crackdown.
Malda is a known transit point for fake currency smuggled into India from Bangladesh,investigators reveal.
A Swiss company that supplies India a special ink for printing currency notes has run into trouble with security agencies for importing the ink using an allegedly rigged duty free licence.