No direction on loading Rs 2,000 notes in ATMs: FM
New Delhi: No instructions have been given to banks for filling or not filling ₹ 2,000 notes in Automated Teller Machines (ATMs) as lenders make their own choice for loading of cash vending machines, Parliament was informed on Monday.
As per Annual Reports of the Reserve Bank of India (RBI), the total value of ₹ 500 and ₹ 2,000 denomination bank notes in circulation as at end-March 2017 and as at March-end 2022 was ₹ 9.512 lakh crore and ₹ 27.057 lakh crore, Finance Minister Nirmala Sitharaman said in a written reply in Lok Sabha.
"No instructions have been given to banks for not filling ₹ 2,000 notes in ATMs. Banks make their own assessment of amount and denominational requirement for ATMs on the basis of past usage, consumer requirement, seasonal trend, etc," she said.
Replying to another question, the finance minister said, total amount of the central government debt/liabilities is estimated at about ₹ 155.8 lakh crore (57.3 per cent of GDP) as on March 31, 2023.
Out of this, she said, external debt valued at current exchange rate is estimated at ₹ 7.03 lakh crore (2.6 per cent of GDP).
"Share of external debt is only about 4.5 per cent of total debt/liabilities of the central government and less than 3 per cent of GDP. External debt is mostly financed by multilateral and bilateral agencies at concessional rates. Therefore, the risk profile stands out as safe and prudent," she said.
RBI in consultation with the government has announced various measures recently to diversify and expand the sources of forex funding to mitigate exchange rate volatility and global spillovers, she said.
It included, "fresh FCNR(B) and NRE deposits were exempted from the extant regulation on interest rates (i.e. interest rates shall not be higher than those offered by the banks on comparable domestic rupee term deposits) till October 31, 2022." The external commercial borrowing limit under automatic route has been raised to USD 1.5 billion and the all-in-cost ceiling has been raised by 100 basis points in select cases up to December 31, 2022, she said.
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Uppinangady: Sayyidul Ulama inaugurates 'Muallim Manzil' for poor madrasa teachers
Uppinangady: Sayyidul Ulama Sayyid Jifri Muthukoya Tangal inaugurated the "Muallim Manzil," a housing project for underprivileged madrasa teachers, at Jogibettu on Wednesday. The project was organized by the D.K. illa Jamiyyathul Muallimeen under the Samastha Kerala Jam-iyyathul Muallimeen Central Council (SKJMCC).
The key to the Muallim Manzil house was ceremoniously handed over to Abubakar Siddique Darimi, the beneficiary of the initiative, aimed at supporting economically disadvantaged madrasa educators.
Prominent attendees included Shamsuddin Darimi Pammale, president of the District Jamiyyathul Muallimeen, secretary Muhammad Navvi Bellare, treasurer Ibrahim Darimi Kadaba, as well as other district representatives, were present during the program.
Also present were KH Ashraf Hanifi, president of the Uppinangady Range Jamiyyathul Muallimeen, general secretary Abdul Jabbar Aslami, treasurer Abdurahman Haji Kollejal, and chairman Zakaria Musliyar.
The event also saw participation from IT Coordinator Abdurazak Darimi, range representatives, Ismail Thanal Uppinangadi, chairman of Vikhaya, and representatives of SKSSF from the Uppinangady zone, along with various Ulama Umrahs.
