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Reserve Bank of India (RBI) asks Banks to Furnish Daily Data on Cash Withdrawals to maintain accuracy regarding Currency Circulation

Banks need to furnish daily data on cash withdrawals over the counter and through automated teller machines, says RBI

Reserve Bank of India, Wikimedia Commons

New Delhi, Nov 14, 2016: In the wake of demonetization of high denomination notes, the RBI on Sunday asked banks to submit daily amounts of cash withdrawn from over the counter as well as through ATMs in order to help it arrive at accurate data on currency circulation.

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“It has been decided that the banks need to furnish daily data on cash withdrawals over the counter and through automated teller machines. Accordingly, we request you to provide us data from November 13 onwards. Please note that the daily reports should be mailed,” the Reserve Bank of India said in a circular to commercial banks.

This data was earlier furnished fortnightly by the banks. (IANS)


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Prince Charles Arrives in New Delhi for two day Visit to Meet PM Narendra Modi

Prince Charles, the Prince of Wales, accompanied by his wife arrived New Delhi for a two-day visit to India to complete their 10-day four-nation tour

Prince Charles
Prince Charles visits India with his wife for two days. Wikimedia.

New Delhi, Nov 9: Prince Charles, the Prince of Wales, accompanied by his wife, the Duchess of Cornwall, Camilla Parker-Bowles, arrived New Delhi on Wednesday on a two-day visit to India at the final leg of their 10-day four-nation tour that also took them to Singapore, Malaysia and Brunei.

“Their Royal Highnesses Prince of Wales and the Duchess of Cornwall arrive,” the British High Commission in India tweeted.

Prince Charles is scheduled to meet Prime Minister Narendra Modi on Wednesday evening and discuss a wide range of issues, including that of the Commonwealth Heads of Government Meeting (CHOGM) which will take place in April 2018 in the UK.

Prince Charles
Prince Charles arrives in India with his wife. IANS.

Ahead of the royal couple’s arrival, External Affairs Ministry spokesperson Raveesh Kumar said climate change, Sustainable Development Goals (SDGs), economic cooperation, and other bilateral issues would also come up for discussion.

Bilateral trade between India and Britain stands at $12.19 billion. India is the third largest investor in Britain and the second largest international job creator in that country.

Britain is the third largest inward investor in India, with a cumulative equity investment of $24.37 billion for the period April 2000-June 2017

The Indian diaspora in UK is one of the largest ethnic minority communities in the country, with the 2011 census recording approximately 1.5 million people of Indian origin equating to almost 1.8 percent of the population and contributing 6 per cent of the country’s GDP.

This will be Prince Charles ‘s ninth visit to India. He had earlier visited India in 1975, 1980, 1991, 1992, 2002, 2006, 2010 and 2013. (IANS)