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Black money on the radar: RBI announces new rule for depositing demonetised currency

The Reserve Bank of India (RBI) today declared new set of rules for depositing demonetized Rs 500 and Rs 1000 currency notes.

On November 8, 2016, Prime Minister announced the demonetisation of ₹500 and ₹1,000 currency notes with an intention to bring black money in India to the fore and turn India into a cashless economy. In what can be called as the last chance for black money holders, the Reserve Bank of India (RBI) today declared new set of rules for depositing demonetised Rs 500 and Rs 1000 currency notes. Here’s what the announcement means:

The new announcement is to check for unaccounted cash and give a boost to the money being deposited under the Pradhan Mantri Garib Kalyan Yojana, 2016.

₹500 and ₹1000 demonetised currency notes, totalling more than ₹5,000 can be deposited just once per account until December 30, 2016.

As per the new announcement if one tries to make multiple deposits in amounts smaller than ₹5,000, they will be held up for an inquiry and questioned.

If someone has more than ₹5,000 in old notes, deposits will only be allowed after the depositor convincingly answers at least two bank officials why he/she couldn’t deposit the money in their account earlier.

Deposits more than ₹5,000 in new notes will be allowed, which will be credited only to – Know Your Customer (KYC) ? compliant accounts.

If accounts are not KYC compliant, their deposits may be restricted up to ₹50,000. These restrictions, however, won’t apply to deposits under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.

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Just because you don’t like Mr Modi doesn’t mean India is under threat: Harish Salve | Interview

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Radhika Dhawad | Mumbai

Harish Salve

Senior advocate at Supreme Court, former Solicitor General of India and King’s Counsel Harish Salve, in an exclusive interaction with Nation Next, speaks about Prime Minister Narendra Modi, former Prime Minister late Indira Gandhi, recent gruesome murder of Shraddha Walker involving her boyfriend Aftab Poonawala, Prevention of Money Laundering Act, 2002 (PMLA) and much more!

Corrigendum: In one of the questions during Mr Harish Salve’s interview, interviewer mistakenly quoted former Chief Justice of India Justice Sharad Bobde, saying, “Constitution is under threat.” Justice Bobde never made this remark. We sincerely apologise to Justice Bobde and the audience for committing this mistake. Inconvenience caused is regretted!

Watch the full interview here: 

Also read: Special Court grants bail to ex-Home Minister Anil Deshmukh’s son in money laundering case

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Bet you didn’t know this about superbike ‘Dodge Tomahawk’

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Avani Arya | Reporter : Shamanand Tayde | Nagpur

The superbike Dodge Tomahawk is the world’s most expensive bike which costs ₹35 cr. Know some interesting facts about it in the video.

बाइक के दीवाने भारत में ही नहीं दुनिया भर में लाखों  हैं और सभी की नजर रहती है सबसे तेज दौड़ने वाली बाइक पर. india में भी महँगी bikes खरीदने के लोग दीवाने है. आपने देखा होगा कि filmstars के पास भी महँगी -महँगी bikes होती है, जिनकी कीमत करोडो में होती है. लेकिन आज हम एक ऐसी bike की बात करेंगे, जिसकी कीमत कई cars से ज्यादा है. इस bike की कीमत 35 करोड़ रुपए से ज्यादा है, यानी Mercedes जैसी कई cars इस बाइक की कीमत में खरीदी जा सकती है. इस बाइक का नाम है Dodge Tomahawk . इस बाइक को खरीदने के बारे में आम आदमी सोच भी नहीं सकता .  India में जो भी bikes बिकती है, वो कितनी भी sporty और अच्छी हो, उसकी कीमत लाखों में ही होती है, बहोत कम ही या कहे न के बराबर bikes की कीमत करोडो में होती है. इसलिए   Dodge Tomahawk bike कुछ ख़ास है. आईये जानते है इस बाइक से जुड़े कुछ Interesting facts.  

इस बाइक की इतनी स्पीड है कि आप लोग सोचने पर मजबूर हो जाते हैं कि दौड़ रही है या उड़ रही है. दुनिया की सबसे तेज बाइक का ताज इसके सिर है. यह सुपरबाइक 672 किलोमीटर प्रति घंटे की स्पीड से दौड़ सकती है. जो कि हैरान कर देने वाला है. इस बाइक को 15 साल पहले non-street legal concept के तौर पर मार्केट में पेश किया गया था.

Dodge Tomahawk नाम की इस सुपरबाइक को 2003 में North America के इंटरनेशनल ऑटो शो में पेश किया गया. जहां इसके डिजाइन को लेकर यह काफी पसंद की गई थी.  Dodge Tomahawk में 4 wheels है, दो आगे और दो पीछे दिए गए हैं.

Dodge Tomahawk सुपरबाइक 2 सेकेंड से भी कम में 0 से 60 किलोमीटर प्रति घंटे की speed लेती है. बाइक में 8.3 लीटर वाला वी-10 SRT VIPER इंजन लगा है जो इसे 500 एचपी की पावर देता है. यह सुपरबाइक 712 nm  और 4200 rpm  का torque जनरेट करती है.

इस बाइक की कीमत करीब 35 करोड़ रुपये है . इसलिए इसे खरीदना हर एक इंसान के लिए पॉसिबल भी नहीं है. आपको इस बारे में जानकर shock लगेगा कि इसे सिर्फ दुनियाभर में 9 ही लोगों ने खरीदा है.

तो यह थे Dodge Tomahawk सुपरबाइक के बारे में कुछ Interesting Facts

Script by – Shamanand Tayde

Also Read: Special Court grants bail to ex-Home Minister Anil Deshmukh’s son in money laundering case

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Legal

Special Court grants bail to ex-Home Minister Anil Deshmukh’s son in money laundering case

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Radhika Dhawad | Mumbai

Special Court grants bail to ex-Home Minister Anil Deshmukh’s son Hrishikesh Deshmukh in money laundering case

Special Court granted bail to former Home Minister of Maharashtra Anil Deshmukh's son Hrishikesh Deshmukh on Monday. 

Anil Deshmukh

In a major development, Special Court granted bail to former Home Minister of Maharashtra Anil Deshmukh’s son Hrishikesh Deshmukh on Monday in an alleged money laundering case. Hrishikesh, who was arraigned as an accused in the chargesheet, was granted bail after a special court designated to hear cases related to the Prevention of Money Laundering Act (PMLA) recorded his appearance.

He had filed an application through his advocate Aniket Nikam after appearing before the court and requesting the same to accept his appearance and grant him bail.

Hrishikesh also pointed out that the accusations in the ED’s case were confined to the alleged acts of omission and commission by his father in his capacity as the former home minister from January 2020 to April 2021. The plea also cited that the former home minister had already been granted bail in the case by the Bombay High Court. 

The court had in February this year issued summons to Hrishikesh after ED submitted its complaint (chargesheet) in the case.

Bombay High Court granted bail to NCP leader Anil Deshmukh in October this year in the same case. While Deshmukh had secured the bail in the ED case, he remains in custody in connection with the CBI case registered against him in April last year.

Also read: Constitution day | Bet you didn’t know these interesting facts about the Indian Constitution

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