Snehal khanna Blog

It has Konark chakra symbol printed on the new Rs 10 note to be issued by the RBI LATEST NEWS : The Reserve Bank will soon bring into circulation new Rs 10 denomination banknotes in chocolate brown colour, which will have India's cultural heritage Konark Sun Temple as a motif on the reverse side. The central bank will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi (new) series, bearing the signature of Urjit R Patel, Governor, RBI, it said in a release. The base colour of the note is chocolate brown, it said. "The new denomination has the motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage," RBI said. Among the salient features of the banknotes, on the obverse (front) the note will bear a portrait of Mahatma Gandhi at the centre, the Ashoka Pillar emblem on the right, watermarks and number panel with numerals growing from small to big on the top left side and bottom right side. On the rev...

Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note. LATEST NEWS      :    The new Rs 200 currency note will be introduced in the market tomorrow, Reserve Bank of India said on Thursday. The new denomination has Motif of Sanchi Stupa on the reverse, with bright yellow being the base colour of the note, RBI said in a statement. Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note. The earlier Rs 50 notes will continue to remain legal tender. "The Reserve Bank of India will issue on August 25, 2017 Rs 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Urjit R Patel, Governor, RBI from select RBI offices, and some banks," it said. Here are its salient features Obverse (Front) 1. See through register with denominational numeral 200 2. Latent image with denominational numeral 200 3. Denominational numeral २०० in Devnagari 4....

RBI's MPC meet begins; decision on rates on August 2 LATEST NEWS :     The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Urjit Patel on Tuesday started two-day deliberations for its monetary policy review. The RBI will announce the bi-monthly monetary policy on Wednesday. Experts expect a reduction of 25 basis points in key lending rate this time, as inflation has cooled to record low levels. The meeting's outcome on Wednesday is being keenly awaited by all stakeholders, including industry and stock markets. Encouraged by significant price improvement, bankers expect RBI to change its monetary stance and cut benchmark lending rate by at least 0.25 per cent. Some expect that the central bank may go for an even more aggressive rate cut as the retail inflation touched a historic low of 1.54 per cent in June. The panel, in its previous bi-monthly review in June, had retained the repo rate at 6.25 ...