Congress holds protest against note ban

Delhi: JDU's Sharad Yadav joins TMC's protest against #DeMonetisation at Jantar Mantar pic.twitter.com/JUN4e5uf15

— ANI (@ANI_news) November 23, 2016

Main poochna chahti hoon PM se ki agar unhone itna acha kaam kiya hai to vo ghabra kyu rahe hain?: BSP Chief Mayawati #DeMonetisation pic.twitter.com/y43e5tBi8f

— ANI (@ANI_news) November 23, 2016

No service charge will be levied on digital financial transactions using feature phones till Dec 31st '16: Shaktikanta Das #DeMonetisation pic.twitter.com/HROU0mk9rc

— ANI (@ANI_news) November 23, 2016

Defying pressure from opposition parties for rollback of demonetisation, Prime Minister Narendra Modi strongly justified his action and said it was meant to help the poor and the middle classes as well as to clean up the system.

The RBI has detected fraudulent practices among bank staff, who have been found to be bending the rules to favour customers in exchanging the demonetised notes. It has also noticed cases of people helping cash hoarders by making deposits into their own accounts.

The Centre's demonetisation decision has led to a windfall for 47 municipalities, pushing up their total tax revenue for this month to over two and a half times the sum collected in November last year. Read full report

The demonetisation of Rs 500 and Rs 1000 notes is being seen positively by a large part of the population cutting across the lines of age, income levels and area of residence, a nationwide survey conducted by C-Voter has suggested. A whopping 80-86 percent of those surveyed said the inconvenience caused by the demonetisation is worth the effort of combating black money.

The Reserve Bank of India (RBI) on Tuesday announced that individuals withdrawing cash for weddings, and using the money to make payments of Rs 10,000 or higher, must submit declarations that the recipients of the accounts don't have bank accounts.

Train tickets booked through the IRCTC website will become cheaper from Wednesday till the end of the year as the government has waived service tax to encourage cashless transactions in the wake of the demonetisation exercise.

RBI on Tuesday asked banks to take stern action against officials indulging in fraudulent practices while exchanging or depositing the invalid currency. Banks have also been asked to remain prepared to provide details about the notes exchanged or deposited on short notice.

The finance ministry today said 500 and 1,000 rupee notes cannot be used for making deposits in small savings schemes. "The matter was examined in the ministry and it has been decided that subscribers of small savings schemes may not be allowed to deposit old currency note of Rs 500 and Rs 1,000 in small saving schemes," the ministry said. Small saving schemes include Post Office deposits public provident fund and Sukanya Samriddhi. Interest rate on these schemes range between 7.3-8.5 per cent.

As people continue to face cash crunch after the scrapping of high value notes, the government has decided not to levy parking fee at airports for another week, till midnight of November 28. The waiver, which was initially for a week starting from midnight of November 14, had ended on Monday.

An Afghan woman has been arrested at the international airport in New Delhi for allegedly smuggling around Rs 10 lakhs in now-defunct Rs 1,000 denomination notes.

Demonetisation of high denomination notes "is not the end but the beginning of our deep and continuous struggle against black money", Prime Minister Narendra Modi said addressing a BJP Parliamentary meet

As opposition continues to attack the government in both houses of Parliament over the currency ban, Prime Minister Narendra Modi on Tuesday asked the people to directly convey their views to him on demonetisation via his App.

When the discussion is on the announcement made by the PM, he must participate in the discussion: Sitaram Yechury #DeMonetisation pic.twitter.com/BUA85FjI5u

— ANI (@ANI_news) November 22, 2016

New Rs 2000 notes recovered from terrorists gunned down by Army in Bandipora(J&K) today. pic.twitter.com/l9y1xqyoem

— ANI (@ANI_news) November 22, 2016

I want your first-hand view on the decision taken regarding currency notes. Take part in the survey on the NM App. https://t.co/TYuxNNJfIf pic.twitter.com/mWv2frGn3R

— Narendra Modi (@narendramodi) November 22, 2016

Government said it has formed committees of senior officials to visit states and UTs and report status of implementation of its decision pertaining to demonetisation. These teams will visit the states allocated to them for at least 2 days and will assess status of the implementation.

In view of cash crunch+ being faced by borrowers, the RBI on Monday provided additional 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore. This is applicable to loans payable between November 1 and December 31, the RBI said in a notification.

Yoga guru Ramdev hailed Prime Minister Narendra Modi for demonetising Rs 1000 and Rs 500 currency notes, but demanded that the NDA government ban the newly-introduced Rs 2000 note to see the fight against black money yield result in the long run.