Rs 2,000 notes to be phased out within 5 years: RSS ideologue

December 13, 2016

New Delhi, Dec 13: RSS ideologue S Gurumurthy, who is among those who are regularly consulted by Prime Minister Narendra Modi since demonetisation, has said the new Rs 2,000 notes will be phased out within the next five years.

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Gurumurthy, who is addressing meetings in the city in support of the note ban, said in a TV interview that the government is “committed” to moving towards smaller-denomination notes, and high-denomination notes would be done away over a period of time.

Gurumurthy’s observation has come in the wake of reports of seizure of more than Rs 70 crore of new Rs 2,000 notes in Karnataka, Tamil Nadu, Gujarat and Delhi since November 10 when they were released.

Since then, Modi has been under attack from the Opposition leaders for introducing
the Rs 2,000 notes.

Gurumurthy, who is a chartered accountant, is said to have been asked by the prime minister to help BJP ministers and others to counter the Congress leaders.

This was after former prime minister Manmohan Singh spoke on the adverse impact of demonetisation in the Rajya Sabha. Singh described demonetisation, which is being hailed as a “masterstroke” by Modi , as an “organised loot and legalised plunder” and “monumental mismanagement”. Gurumurthy said the Rs 2,000 notes were “only a bridge” as the government had to bring it in place of the old
Rs 1,000 notes.

I-T dept recovers Rs 1.56 cr from bank

In one of the biggest seizures in Rajasthan so far, the Income Tax department has seized cash and jewellery worth Rs 2.02 crore from a cooperative bank, DHNS reports from Jaipur.

Of the seized amount of Rs 1.56 crore, Rs 1.38 crore was in new Rs 2,000 notes. On Sunday, I-T officials had raided the offices of St Wilfred College and the residence of Keshav Badaya, secretary of St Wilfred Education Society and chairman of the Integral Urban Co-operative Bank. Later, on Monday, it seized unaccounted-for gold jewellery worth Rs 45 lakh from two lockers of the Sodala branch of the bank, which it raided the day before.

“After recovering the unaccounted-for Rs 1.56 crore notes, we found that Rs 1.38 crore was in new currency. The notes were numbered in a serialised manner, which indicates that they were obtained from another bank,” an I-T official said.

Discounts on digital purchase

Customers buying petrol and diesel from PSU outlets using credit and debit cards will get a rebate of 0.75% from the intervening night of Monday and Tuesday, DHNS reports from New Delhi.

This is part of several incentives announced by the government last week to encourage the use of digital payments.

“As a part of these initiatives, to promote cashless transactions, the Government of India has announced to incentivise petrol/diesel customers transacting at PSU petrol pumps by way of 0.75% discount when a customer uses debit/credit cards, mobile wallets and prepaid loyalty cards,” India’s largest oil retailer IOC said in a statement.

‘Continue stir against note ban’

Bahujan Samaj Party supremo Mayawati asked her party leaders to build up agitation against the note ban issue, and be in the forefront in opposing the BJP in Uttar Pradesh, DHNS reports from Lucknow.

In a meeting of BSP office bearers in Delhi last week, Mayawati, however, told her leaders that they should not be seen siding with the Samajwadi Party (SP) over demonetisation. She also asked her partymen to make every effort to isolate the SP.

Since Uttar Pradesh is going to polls early next year, Mayawati does not want to let go of the currency crisis to corner the BJP.

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News Network
December 16,2025

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The deletion of over 58 lakh names from West Bengal’s draft electoral rolls following a Special Intensive Revision (SIR) has sparked widespread concern and is likely to deepen political tensions in the poll-bound state.

According to the Election Commission, the revision exercise has identified 24 lakh voters as deceased, 19 lakh as relocated, 12 lakh as missing, and 1.3 lakh as duplicate entries. The draft list, published after the completion of the first phase of SIR, aims to remove errors and duplication from the electoral rolls.

However, the scale of deletions has raised fears that a large number of eligible voters may have been wrongly excluded. The Election Commission has said that individuals whose names are missing can file objections and seek corrections. The final voter list is scheduled to be published in February next year, after which the Assembly election announcement is expected. Notably, the last Special Intensive Revision in Bengal was conducted in 2002.

The development has intensified the political row over the SIR process. Chief Minister Mamata Banerjee and her Trinamool Congress have strongly opposed the exercise, accusing the Centre and the Election Commission of attempting to disenfranchise lakhs of voters ahead of the elections.

Addressing a rally in Krishnanagar earlier this month, Banerjee urged people to protest if their names were removed from the voter list, alleging intimidation during elections and warning of serious consequences if voting rights were taken away.

The BJP, meanwhile, has defended the revision and accused the Trinamool Congress of politicising the issue to protect what it claims is an illegal voter base. Leader of the Opposition Suvendu Adhikari alleged that the ruling party fears losing power due to the removal of deceased, fake, and illegal voters.

The controversy comes amid earlier allegations by the Trinamool Congress that excessive work pressure during the SIR led to the deaths by suicide of some Booth Level Officers (BLOs), for which the party blamed the Election Commission. With the draft list now out, another round of political confrontation appears imminent.

As objections begin to be filed, the focus will be on whether the correction mechanism is accessible, transparent, and timely—critical factors in ensuring that no eligible voter is denied their democratic right ahead of a crucial election.

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News Network
December 5,2025

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New Delhi, Dec 5: IndiGo CEO Pieter Elbers issued a public apology this evening after more than a thousand flights were cancelled today, making it the "most severely impacted day" in terms of cancellations. The biggest airline of the country cancelled "more than half" of its daily number of flights on Friday, said Elbers. He also said that even though the crisis will persist on Saturday, the airline anticipates fewer than 1,000 flight cancellations.

"Full normalisation is expected between December 10 and 15, though IndiGo cautions that recovery will take time due to the scale of operations," the IndiGo CEO said. 

IndiGo operates around 2,300 domestic and international flights daily.

Pieter Elbers, while apologising for the major inconvenience due to delays and cancellations, said the situation is a result of various causes.

The crisis at IndiGo stems from new regulations that boost pilots' weekly rest requirements by 12 hours to 48 and allow only two night-time landings per week, down from six. IndiGo has attributed the mass cancellations to "misjudgment and planning gaps".

Elbers also listed three lines of action that the airline will adopt to address the issue.

"Firstly, customer communication and addressing your needs, for this, messages have been sent on social media. And just now, a more detailed communication with information, refunds, cancellations and other customer support measures was sent," he said.

The airline has also stepped up its call centre capacity.

"Secondly, due to yesterday's situation, we had customers stranded mostly at the nation's largest airports. Our focus was for all of them to be able to travel today itself, which will be achieved. For this, we also ask customers whose flights are cancelled not to come to the airports as notifications are sent," the CEO said.

"Thirdly, cancellations were made for today to align our crew and planes to be where they need to start tomorrow morning afresh. Earlier measures of the last few days, regrettable, have proven not to be enough, but we have decided today to reboot all our systems and schedules, resulting in the highest numbers of cancellations so far, but imperative for progressive improvements starting from tomorrow," he added.

As airports witnessed chaotic scenes, the Directorate General of Civil Aviation (DGCA) stepped in to grant IndiGo a temporary exemption from stricter night duty rules for pilots. It also allowed substitution of leaves with a weekly rest period. 

Civil Aviation Minister Ram Mohan Naidu has said a high-level inquiry will be ordered and accountability will be fixed.

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December 6,2025

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With IndiGo flight disruptions impacting thousands of passengers, the airline on Saturday said that it will offer full waiver on all cancellations/reschedule requests for travel bookings between December 5, 2025 and December 15, 2025.

Earlier in the day, the civil aviation ministry had directed the airline to complete the ticket refund process for the cancelled flights by Sunday evening, as well as ensure baggage separated from the travellers are delivered in the next two days.

In a post on X, titled 'No questions asked', IndiGo wrote, "In response to recent events, all refunds for your cancellations will be processed automatically to your original mode of payment."

"We are deeply sorry for the hardships caused," it further added.

Several passengers, however, complained of not getting full refund as promised by the airline.

Netizens have shared screenchots of getting charged for airline cancellation fee and convenience fee.

"Please tell me why u have did this airline cancellation charges when u say full amount will be refunded (sic)," a user wrote sharing a screenshot of the refund page.

"Well, but you have still debited the convenience charges," wrote another.

Passengers have also raised concerns about the "cancel" option being disabled on the IndiGo app. "First enable the 'Cancel' button on your App & offer full refund on tickets cancelled by customers between the said dates," wrote a user.

A day after the country's largest airline, IndiGo, cancelled more than 1,000 flights and caused disruptions for the fifth day on Saturday, the ministry said that any delay or non-compliance in refund processing will invite immediate regulatory action.

The refund process for all cancelled or disrupted flights must be completed by 8 pm on Sunday, the ministry said in a statement.

"Airlines have also been instructed not to levy any rescheduling charges for passengers whose travel plans were affected by cancellations," it said.

On Saturday, more than 400 flights were cancelled at various airports.

IndiGo has also been instructed to set up dedicated passenger support and refund facilitation cells.

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