Over 99.3% of demonetised notes back with RBI
Mumbai, Aug 29: Over 99 per cent of the Rs 15.3 lakh crore taken out of circulation through demonetisation in November 2016 has returned to the Reserve Bank of India (RBI), the central bank announced on Wednesday.
The RBI's annual report 2017-18 said that on completion of the process of verification of the scrapped Rs 500 and Rs 1,000 notes, it is found that the total value of the demonetised currency returned to the banks now stands at Rs 15.3 lakh crore, which amounts to 99.3 per cent of the Rs 15.4 lakh crore worth of such notes in circulation on November 8, 2016.
"The total value of SBNs (specified banknotes) returned from circulation is Rs 15,310.73 billion," the report said.
"The total value of SBNs in circulation as on November 8, 2016, post verification and reconciliation, was Rs 15,417.93 billion."
The RBI also said the value of banknotes in circulation stands at 18 lakh crore till the end of the last fiscal.
"The value of banknotes in circulation increased by 37.7 per cent over the year to Rs 18,037 billion at March-end 2018," it said.
Besides, notes issued by the RBI in the one-year period between June 2017 and June 2018 increased by nearly 27 per cent.
"The notes issued increased by 26.93 per cent from Rs 15,063.31 billion as on June 30, 2017 to Rs 19,119.60 billion as on June 30, 2018," the report said.
"The increase is on account of the continued efforts of the Reserve Bank to supply adequate quantity of banknotes to meet the transactional needs of the public," it added.
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Congress demands JD(S) MP Prajwal Revanna's arrest amid sexual abuse allegations against him
Bengaluru (PTI): The Congress on Monday held protests in Karnataka demanding the immediate arrest of Hassan MP Prajwal Revanna, who is facing allegations of sexually abusing hundreds of women.
Congress workers -- with women members joining in large numbers -- took to the streets in Hubballi, Hassan and Bengaluru, among other places, seeking action against the 33-year-old grandson of JD(S) chief and former prime minister H D Deve Gowda.
In Bengaluru, the protest was led by All India Mahila Congress President Alka Lamba outside the office of Karnataka Pradesh Congress Committee.
Lamba said the horrifying case of sexual violence against hundreds of women has shocked the nation.
"More than 3,000 videos with hundreds of women being sexually harassed, violated and even brutalised by MP Prajwal Revanna over the past few years have shaken the conscience of Kannadigas and Indians alike," she said.
The Congress government in Karnataka on Sunday constituted a Special Investigation Team to investigate the allegations against the Hassan MP and Lok Sabha poll candidate after several videos of Revanna allegedly sexually abusing women came into the public domain.
The explicit video clips allegedly involving Prajwal started making the rounds in Hassan in recent days.
The JD(S) joined the NDA in September last year.
Prajwal is the NDA candidate in Hassan Lok Sabha constituency, which went to the polls on April 26.
According to police sources, he fled the country after voting was over as the videos began surfacing.
The Karnataka government started an SIT investigation after a letter by Chairperson of Women’s Commission Dr Nagalakshmi Chowdhary to the government regarding the sexual abuse of hundreds of women allegedly by Revanna.
The three-member SIT of IPS officers is led by the Additional Director General of Police (CID) Bijay Kumar Singh, while the other two members are Assistant Inspector General of Police Suman D Pennekar and Mysuru Superintendent of Police Seema Latkar.
The SIT has been directed to complete its investigation swiftly.
