Thursday August 22, 2019
Home India Banks to rema...

Banks to remain Open on Saturday and Sunday for convenience of People: Government

Prime Minister Narendra Modi had on Tuesday announced demonetization of currency notes of Rs 500 and Rs 1,000 denomination

0
//
Reserve Bank
Reserve Bank of India. Twitter

New Delhi, November 9, 2016: The government said on Wednesday that banks will remain open on the coming weekend for convenience of people following its decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination.

NewsGram brings to you latest new stories in India.

“For public convenience, banks will remain open on coming Saturday and Sunday,” Economic Affairs Secretary Shaktikanta Das said in a tweet.

Economic Affairs Secretary Shaktikanta Das. Twitter
Economic Affairs Secretary Shaktikanta Das. Twitter

Look for latest news from India in NewsGram.

Prime Minister Narendra Modi had on Tuesday announced demonetisation of currency notes of Rs 500 and Rs 1,000 denomination to tackle the menace of black money. (IANS)

Next Story

Sell Your Artefacts In Exhibitions Organized By Ministry of Culture

Own an artefact? Get a government tag and sell

0
Artefacts
Antiquities would be showcased at exhibitions with the help of Ministry of Culture. Pixabay

In a unique initiative to prevent antiques like sculptures, manuscripts, vessels and paintings that are a century old from landing up with the ‘kabadi wala’, the government is proposing to invite people to showcase their artefacts at exhibitions and sell them to prospective buyers.

According to sources, the Ministry of Culture will invite people to bring their artefacts to the government centres, after which the authenticity of the pieces will be established.

Once they are proven to be more than a century old, the antiquities would be showcased at exhibitions. These pieces would be given a tag, to establish that they are real antique pieces, after which interested buyers could purchase such items.

The process will not only help to identify the antiquities in the possession of people but also help the owners get them certified by the government, the sources said.

Artefact exhibition to be organized by the government of India. IANS
Artefact exhibition to be organized by the government of India. IANS

“Once assessed for their authenticity, these items can then be sold to prospective buyers,” the sources added. Sale of antique items is currently prohibited under the Ancient Monuments and Archaeological Sites and Remains Act, 1958, and can invite a fine up to Rs 5,000.

Also Read: Telegram Update Adds Ability to Send Silent Messages, Animated Emojis

As per the Act, antiquity is referred to any article or object of historical interest that has been in existence for not less than one hundred years. Coins, sculptures, manuscripts, epigraphs, other works of art of craftsmanship, objects or things illustrative of science, art, crafts, literature, religion, customs, morals or politics in bygone ages, are also declared as antiquities under the Act.

The plan to preserve historically important objects is in the final stage and would go a long way in preserving the ancient culture. Officials believe that a large number of century-old antique objects are subjected to destruction due to carelessness. (IANS)