Nearly 50 per cent of Rs 2K notes in circulation has already come back: RBI Governor

News Network
June 8, 2023

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Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI announced withdrawal of the highest denomination currency last month.

As on March 31, 2023, he said, Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation.

"So far, Rs 1.80 lakh crore have come back after the announcement," he said during an interaction with media after releasing the bi-monthly monetary policy here.

About 85 per cent of Rs 2,000 notes are coming as deposits in bank accounts and this is in line with expectation, he said.

On May 19, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes as part of its currency management and permitted the exchange of such notes (up to Rs 20,000 in one go) from May 23 onwards. The exchange or deposit window is available till September 30, 2023.

The governor also urged the public not to panic for exchange or deposit of Rs 2,000 notes but should avoid last minute rush.

He also made it clear that RBI is not thinking of withdrawing Rs 500 notes, or even re-introducing notes in the Rs 1,000 denomination, and requested the public not to speculate on this.

Last month, the RBI governor had said the majority of the withdrawn Rs 2,000 currency notes are expected to be returned to the banking system by the September 30 deadline.

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News Network
July 15,2024

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Udupi: A suo moto case has been registered against a city-based doctor for making an inflammatory comment on a microblogging platform.

Dr. Keerthan Upadhya from Mahesh Hospital in Brahmavara, Udupi, has been booked for allegedly making a hate-filled comment against the Muslim community on the social media platform 'X' (formerly Twitter). Dr. Upadhya, a specialist in laparoscopic surgery, reportedly operated an account under the name ‘@LonelyStranger_’.

On July 13, a user with the handle ‘Abhi and Niyu’ posed the question, “If you could remove one thing from this world, what would it be?” To this, Dr. Upadhya allegedly replied “Muslim community” from his ‘Lonely Stranger’ account. This response went viral, causing significant controversy.

The Social Media Monitoring Cell at the Udupi District Police Office, under the supervision of Wireless Sub-Inspector Ajmal Ibrahim E.A., filed a complaint leading to the registration of the case at the Udupi City Police Station. The complaint states that Dr. Upadhya’s comment was derogatory and provocative, aimed at inciting hatred between different communities and disrupting communal harmony. It seeks appropriate legal action against Dr. Upadhya for his attempt to create discord among communities.

Mohammed Zubair, co-founder of the fact-checking organization Alt News, pointed out that Dr. Upadhya had deleted the controversial tweet and locked his Twitter profile, preventing access to his account and tweets.

In a subsequent post, Dr. Upadhya claimed that his account had been hacked and that the offending tweet was made by someone who had gained unauthorized access to his account. Netizens also claimed that Dr. Upadhya had earlier made similar Islamophobic tweets and shared screenshots of similar posts degrading Islam made from the same handle.

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News Network
July 6,2024

Mangaluru: Amid a spike in dengue cases in Karnataka, Health Minister Dinesh Gundu Rao launched an awareness campaign in this district headquarters town of Dakshina Kannada to eliminate breeding sites of Aedes mosquito that causes the vector borne disease.

He conducted a house-to-house inspection in parts of the city along with health workers and checked breeding areas of Aedes mosquitoes.

Rao, who is also district in-charge Minister, inspected places where Aedes mosquito larvae were produced in water stagnated in coconut shells, tubs and tyres and observed the measures being taken by Health Department staff to destroy them.

He advised the local residents to be vigilant.

Speaking to reporters later, the Minister said the Department has launched a campaign to destroy breeding sites of Aedes mosquitoes every Friday for dengue control and urged the public to extend their cooperation.

Health workers are engaged in creating awareness among people. People need to ensure that water does not stagnate in places around their houses. Aedes mosquito breeding sites are being identified and destroyed, he said.

"It has been suggested to identify hot spots where dengue fever is more common and open fever clinics. It is advised to conduct dengue testing on people with fever, who come from those regions where dengue is prevalent and provide treatment. This can prevent deaths," Rao said.

The Minister also said his Department along with the Rural Development Department, district administration, local Corporation officials and teachers have been engaged in efforts to control dengue.

According to the data shared by the Health Department, total positive dengue cases reported in the State since January till July 4 was 6,676 and out of these, total active cases were 695. Dengue has claimed six lives in the state in the current calendar year.

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News Network
July 7,2024

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At least five journalists have been killed in Israeli airstrikes on different places across the Gaza Strip over the last 24 hours. 

The Gaza media office said Saturday that the regime's forces killed three journalists in the Nuseirat refugee camp in the center of the territory.

Two of those who were killed in the camp were from the Palestine Media Agency. The other journalist was from the Islamic University Radio in Gaza.

Two more journalists were also killed in separate attacks in Gaza City, said the media office.

The latest deaths take the number of journalists killed in the besieged Palestinian territory since October to 158.

According to the Committee to Protect Journalists, Israel’s military campaign on the Gaza Strip has become "the bloodiest for journalists" since the committee began documenting journalist killings worldwide in 1992.

The New York-based NGO said that media workers are being killed in the regime’s bombardment of the Palestinian territory at a rate with no parallel in modern history.

The committee put the number of media workers killed as of July 5 at 108 since the war began, also making it the deadliest period since the group began gathering data in 1992.

UN experts have previously warned about “the extraordinarily high numbers of journalists and media workers who have been killed, attacked, injured and detained in the Occupied Palestinian Territory.” 

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