Traders' body appeals to market associations, shopkeepers in Delhi to not accept Rs 2,000 notes
New Delhi (PTI): A traders' body has appealed to market associations, shopkeepers, traders, and factory owners across Delhi to not accept Rs 2,000 currency notes after September 29.
The Chamber of Trade and Industry (CTI) made this appeal in a statement on Friday.
The Reserve Bank of India on May 19 had announced withdrawal of Rs 2,000 currency notes from circulation, and that existing notes in circulation could either be deposited in bank accounts or exchanged by September 30.
CTI's chairman Brijesh Goyal has issued "a plea to 700 market associations, shopkeepers, traders, and factory owners across Delhi, urging them not to accept Rs 2,000 notes after September 29," the statement said.
The trend of digital transactions has increased, and the government should encourage it, the CTI said.
As much as 88 per cent of the Rs 2,000 currency notes have either been deposited or exchanged at banks, and only Rs 42,000-crore worth of such notes are with public as on July 31, the RBI said on August 1.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
