LIVE NOW Updated: November 24, 2016, 10:52 PM IST
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Demonetisation| Rs 1000 Notes Can Only be Deposited Now

News18.com | Published: November 24, 2016, 8:31 AM IST
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The Central Government decided that there will be no over-the-counter exchange of old Rs 500 and Rs 1000 notes after midnight of November 24. However, people with old notes in hand can still deposit them in their bank accounts.

Payment of School Fees Upto Rs 2000 allowed in Central Schools, State Govt Schools, Municipality and local body schools.

Payment towards prepaid mobile top up to a limit of Rs 500 per top up.

Stay tuned for LIVE updates

Nov 24, 2016 9:52 pm (IST)

The amount that is coming to the bank will not remain in the bank completely, only 15-20% will remain with the bank and the rest will go to the economy: Arundhati Bhattacharya, SBI Chief

 


Nov 24, 2016 9:18 pm (IST)

Nov 24, 2016 9:17 pm (IST)

Nov 24, 2016 8:56 pm (IST)

They have prepared the nation for another anarchy, Says Raj Babbar on new notes notification


Nov 24, 2016 8:42 pm (IST)

Nov 24, 2016 7:59 pm (IST)

Nov 24, 2016 7:49 pm (IST)

Nov 24, 2016 7:47 pm (IST)

Payment for the transactions under all the exempted categories will now be accepted only through old Rs 500 notes (Rs 1000 not allowed)


Nov 24, 2016 7:46 pm (IST)

Payment towards prepaid mobile top up to a limit of Rs 500 per top up; purchase of Consumer Cooperative Stores will be limited to Rs 5000 at a time


Nov 24, 2016 7:45 pm (IST)


Payment of School Fees Upto Rs 2000 allowed in Central Schools, State Govt Schools, Municipality and local body schools


Nov 24, 2016 7:43 pm (IST)

Nov 24, 2016 7:37 pm (IST)

Government decides not to allow anymore over-the-counter exchange of old notes


Nov 24, 2016 7:03 pm (IST)

Nov 24, 2016 6:49 pm (IST)

Nov 24, 2016 5:10 pm (IST)

Nov 24, 2016 5:09 pm (IST)

Nov 24, 2016 4:48 pm (IST)

Nov 24, 2016 4:28 pm (IST)

Nov 24, 2016 4:28 pm (IST)

Nov 24, 2016 4:21 pm (IST)

Nov 24, 2016 4:21 pm (IST)

Nov 24, 2016 4:20 pm (IST)

Nov 24, 2016 4:06 pm (IST)

PM's ego has led to the ruckus in Parliament: Anand Sharma


Nov 24, 2016 4:05 pm (IST)

PM announced this and created ruckus.. He snatched away the money of people from them. No other govt have done this in the past. He created a Financial Emergency without announcing it: Anand Sharma


Nov 24, 2016 3:56 pm (IST)

Nov 24, 2016 3:53 pm (IST)

Govt should take former PM Manmohan Singh's words on demonetisation seriously: Shiv Sena chief Uddhav Thackeray.


Nov 24, 2016 3:41 pm (IST)

Nov 24, 2016 3:15 pm (IST)

Left continues to attack Government:

  • Four lakh people have lost their jobs after the implementation of demonetisation scheme by Modi Govenment.
  •  
  • Since demonetisation have been announced 16 new notifications have come up.
  •  
  • Why PM didn't say a word about planning.
  •  
  • People cant withdraw their own money.
  •  
  • Have served a notice for moving a motion of contempt against the PM for not showing up in the House.

Nov 24, 2016 3:13 pm (IST)

Sitaram Yechury addresses the press conference 


Nov 24, 2016 3:10 pm (IST)

Rajya Sabha is adjourned for the day minutes after it got reconvene 


Nov 24, 2016 3:09 pm (IST)

Sloganeering in Rajya Sabha over demonetisation. Opposition demands PM Modi's presence in the House


Nov 24, 2016 3:07 pm (IST)

Nov 24, 2016 2:52 pm (IST)

BSP supremo addresses the media in Parliament (Photo Credit: Pankaj Tomar/ Network18)

 


Nov 24, 2016 2:49 pm (IST)

Nov 24, 2016 2:29 pm (IST)

 

Arun Jaitley slams Oppositions over Parliament logjam:

  • Opposition is uncomfortable with the debate.
  •  
  • Scamsters are calling demomnetisation a plunder.
  •  
  • Disruption not debate is opposition's strategy.
  •  
  • They are finding new ways to disrupt.
  •  
  • They are manufacturing reasons to run away from the debate.
  •  
  • Biggest of corruption cases took place during UPA rule.
  •  
  • Maximum black money was created in the country during 2004- 2014.
  •  
  • Govt will brief Parliament on the steps taken by us.
  •  
  • Cant have conditions for debate
  •  
  •  Opposition was taken by surprise when PM came for debate.
  •  
  • More Noise and less substance by opposition.
  • Banks will have lower lend cost. Indirect and direct tax improving.

  • It will be positive impact on GDP. Banks will have a lot more money to support the economy.

  • There was policy paralysis in the previous govt.

 


Nov 24, 2016 2:24 pm (IST)

Government blaming opposition for logjam


Nov 24, 2016 2:12 pm (IST)

Rajya Sabha adjourned till 3 PM after massive uproar by the opposition.


Nov 24, 2016 2:11 pm (IST)

RS deputy chairperson says there is no procedure that discussion will only take place when the pm is present in the house


Nov 24, 2016 2:10 pm (IST)

PM will take part in the debate, says Jaitley 

 


Nov 24, 2016 2:09 pm (IST)

Opposition finding excuses to disrupt Parliament, says Union Minister Arun Jaitley.


Nov 24, 2016 2:03 pm (IST)

Rajya Sabha resumes after lunch break but Prime Minister Narendra Modi is not present


Nov 24, 2016 1:56 pm (IST)

West Bengal CM Mamata Banerjee targets PM

  • Agricultural sector is worst sufferers
  • We will hold a rally in Kolkata on 29th November
  • We will continue to fight
  • Government is doing discrimination

Nov 24, 2016 1:54 pm (IST)

Government is doing discrimination, alleges Mamata


Nov 24, 2016 1:53 pm (IST)

The situation in the country is dire, says Mamata Banerjee


Nov 24, 2016 1:48 pm (IST)

Akhilesh Yadav addresses media on demonetisation:

  • Farmers are the worst sufferers
  •  
  • Common man in pain due to note ban.
  •  
  • Anybody can do a survey. Today if I do a survey all my supporters will vote in my favour. 

 


Nov 24, 2016 1:45 pm (IST)

Akhilesh Yadav addresses media inside Parliament speaks on demonetisation


Nov 24, 2016 1:22 pm (IST)

Nov 24, 2016 1:02 pm (IST)

Mayawati says BSP doesn't oppose government's fight against black money but the manner it was implanted in the country causing trouble to millions of people.


Nov 24, 2016 1:02 pm (IST)

Rajya Sabha adjourned for lunch


Nov 24, 2016 12:58 pm (IST)

Finance Minister sources to CNBC:

1.Govt likely to extend the exemptions window by another week to 10 days. This window was expiring on 24th Nov midnight 2

2. PM, FM and other senior ministers and bureaucrats reviewed the demonetisation situation last evening

3. More relief likely for farmers and agricultural sector. 

4. Extension of usage of old currency likely for fuel and pharmacies. 

5. Announcement on the extension likely by evening.


Nov 24, 2016 12:44 pm (IST)

Derek O' Brien speaks in Rajya Sabha during the demonetisation debate: 

  • Deeply concerned for the small scale industries.
  • Anouncement has hurt everybody
  • There is anger among all sections of the people against demonitisation
  • Save common man from suffering.
  • Mamata Banetrjee calls demonetisation drive is a "big black scandal".
  • Now, 16 Opposition parties are opposing govt's demonetisation drive tooth and nail. This is not a solo voice; This is the voice of India
  •  PM ran a poll and said 92 percent of people are happy, want to know where are these happy people.
  •  Why govt didn't print more Rs 100 notes if only secrecy was the reason. O
  • Old Rs 500 notes should have been allowed to go along with the new RS 500 notes.
  • There is no watertight compartment between Black or White Economy. This is a Flowing Economy.
  • You think you are a messiah and others are devils, Derek to PM
  • This is a financial disaster and we are fighting for the right of the people. The government can put Mamata Banerjee behind the bars if she is guilty.

    We have no problem with the plastic economy. Kindly, take our suggestions and do the needful for the benefit of the general public.


Nov 24, 2016 12:37 pm (IST)

Here are the areas where concession on use of denotified notes ends at midnight: 

- at government hospitals 

- For use in all pharmacies for buying medicines with doctor's prescription

- At railway stations

- For purchases at consumer cooperative stores operated under authorisation of central or state governments with identity proof (Safal, Mother Dairy)

- For purchases at milk booths under central or state governments

- At petrol pumps 

- At crematoria and burial grounds

- At international airports for arriving and departing passengers up to Rs 5,000

- For foreign tourists to exchange foreign currency up to Rs 5,000

- For purchase of LPG gas cylinders

- For payments towards on-board catering during travel by rail

- For purchase of tickets for suburban and metro rail travel

- For purchase of entry tickets monument maintained by the Archaeological Survey of India

- For payments towards fees, charges, taxes or penalties, payable to central or state governments including municipal and local bodies

- For payments towards utility charges including water and electricity, but no advance payments

- For payments towards court fees

- For payments towards purchase of seeds from designated state-run outlets, but only Rs 500 notes

- Withdrawal from district central cooperative banks up to Rs 24,000 per week.

 

 

 

 


Nov 24, 2016 12:22 pm (IST)


Naresh Aggarwal says that demonetisation was done keeping UP elections in mind


Nov 24, 2016 12:21 pm (IST)


SP is completely against demonetisation, such policies are initiated across the world by dictators and not by elected democracies, says Naresh Agarwal


Nov 24, 2016 12:10 pm (IST)

Former ​PM ​Manmohan Singh speaks on demonetisation in Rajya Sabha

  • There are many problems with the note ban policy. 
  • Note ban policy is a monumental mismanagement by the Centre

  • This can be called organised loot and legalised plunder

  • Government is ignoring the grievances of citizens
  • People's confidence in banking system is weakened
  • We do not know what will be the final outcome of demonetisation 
  • This can erode people's confidence in the currency system
  • RBI has been exposed with the move.
  • Find practical ways to relief the distress of the people
  • PM must come out with big measures to bring back black money.
  • The cooperative banking system in rural india is suffering due to demonetisation.
  • Small industries have taken a huge hit due to the implementation of demonetisation scheme.

 

  • Prime Minister Narendra Modi wants 50 days for demonetisation drive but the poor people in the country still suffer

 

  • Those who say demonetisation is good in the long run should recall the quote "In the long run we are all dead

Nov 24, 2016 12:08 pm (IST)

This is Manmohan Singh's first speech after exiting from PM office


Nov 24, 2016 12:07 pm (IST)

Former Prime Minister Manmohan Singh speaks in the Rajya Sabha as the debate over demonetisation has begun. 


Nov 24, 2016 12:07 pm (IST)

Former Prime Minister Manmohan Singh speaks in the Rajya Sabha as the debate over demonetisation has begun. 


Nov 24, 2016 12:07 pm (IST)

Former Prime Minister Manmohan Singh speaks in the Rajya Sabha as the debate over demonetisation has begun. 


Nov 24, 2016 12:05 pm (IST)


We are not opposing demonetisation. We are opposing for the lack of the preparation by the government: Ghulam Nabi Azad


Nov 24, 2016 12:04 pm (IST)


Sumitra Mahajan warns SP MP Akshay Yadav for tearing the paper and hurled it at the speaker's chair


Nov 24, 2016 12:02 pm (IST)

Ghulam Nabi Azad is speaking in Rajya Sabha


Nov 24, 2016 12:01 pm (IST)

Prime Minister Narendra Modi is present in Rajya Sabha


Nov 24, 2016 11:54 am (IST)


It is not imperative for the PM to be present for the entire debate: Jitender Singh


Nov 24, 2016 11:52 am (IST)


Instead of debating on demonetisation now the debate is on 'how to debate a debate'. Everyday there is a new condition being placed by opposition: Jitender Singh, MoS PMO


Nov 24, 2016 11:47 am (IST)

Anand Sharma says: 

  • PM Modi and his government both are running away from a debate on demonetisation. 
  • The government today in Rajya Sabha led by Finance Minister disrespected former PM Manmohan Singh by not letting him speak

Nov 24, 2016 11:42 am (IST)


The debate will resume as soon as PM Modi comes for debate: Anand Sharma


Nov 24, 2016 11:36 am (IST)

Sitaram Yechury to hold a press conference in Parliament at 2 pm


Nov 24, 2016 11:30 am (IST)

Action likely to be taken against Akshay Yadav for tearing paper and hurling at speaker


Nov 24, 2016 11:26 am (IST)

Anand Sharma speaks to the media in Parliament. (Image: Pankaj Tomar/ Network18)


Nov 24, 2016 11:21 am (IST)

Why PM is running away? He must sit through the entire debate asks BSP supremo Mayawati


Nov 24, 2016 11:21 am (IST)

Massive uproar by the opposition leads to the adjournment of Rajya Sabha till 12 noon.


Nov 24, 2016 11:17 am (IST)

We want to move previlage motion against the PM Modi for speaking outside the house: Anand Sharma in Rajya Sabha


Nov 24, 2016 11:16 am (IST)

Lok Sabha was adjourned because Samajwadi Party MP Akshay yadav tore papers and hurled at speaker's chair so speaker adjourned the house . Meanwhile both Rajnath singh and Anant Kumar have to gone to meet the speaker


Nov 24, 2016 11:14 am (IST)

I have allowed Dr. Manmohan Singh to speak, I am not preventing him to speak: Deputy chairperson of Rajya Sabha


Nov 24, 2016 11:11 am (IST)

Chaos leads to Lok Sabha adjournment, to reconvene at noon


Nov 24, 2016 11:06 am (IST)

Deputy Chairman PJ Kurien trying to restore order 


Nov 24, 2016 11:06 am (IST)

Former Prime Minister Manmohan Singh wants to speak in Rajya Sabha but Finance Minister Arun Jaitley objects


Nov 24, 2016 11:05 am (IST)

Heated start to proceedings in Rajya Sabha 


Nov 24, 2016 11:04 am (IST)

Nov 24, 2016 11:04 am (IST)

If PM wants a proper survey, he should dissolve Parliament and call for elections: Mayawati


Nov 24, 2016 11:03 am (IST)

Mayawati takes on PM

PM’s app survey on demonetisation is a fraud, says Mayawati


Nov 24, 2016 11:02 am (IST)

BSP leader Mayawati addresses reporters outside Parliament


Nov 24, 2016 11:00 am (IST)

Nov 24, 2016 10:50 am (IST)

Uttar Pradesh CM Akhilesh Yadav arrives in Parliament on Thursday. (Photo: Pankaj Tomar)


Nov 24, 2016 10:50 am (IST)

Uttar Pradesh Chief Minister arrives in Parliament to meet PM Narendra Modi 


Nov 24, 2016 10:48 am (IST)

Nov 24, 2016 10:37 am (IST)

West Bengal Chief Minister Mamata Banerjee will meet President Pranab Mukherjee at 2pm


Nov 24, 2016 10:36 am (IST)

Nov 24, 2016 10:34 am (IST)



Nov 24, 2016 10:34 am (IST)

Nov 24, 2016 10:34 am (IST)

Nov 24, 2016 10:24 am (IST)

Nov 24, 2016 10:24 am (IST)

Key meeting underway at Rajnath Singh's chamber in Parliament, senior ministers present


Nov 24, 2016 10:14 am (IST)

Nov 24, 2016 10:10 am (IST)

We haven’t called any formal meeting with Opposition. We would have sent a letter if it was a formal meeting, says BJP’s Ananth Kumar


Nov 24, 2016 10:05 am (IST)

If the Prime Minister calls us for a meeting, we’ll attend. Rajnath Singh can join us if he wants to: Mallikarjun Kharge 


Nov 24, 2016 10:04 am (IST)

Congress leader Ghulam Nabi Azad has instead called a separate meeting of all opposition parties at 10am  


Nov 24, 2016 10:03 am (IST)

Opposition parties are reportedly unhappy that only select leaders were invited for the meeting with Rajnath Singh 


Nov 24, 2016 9:55 am (IST)

Opposition leaders, who are currency holding a separate meeting, are likely to skip the meeting with Home Minister Rajnath Singh 


Nov 24, 2016 9:30 am (IST)

Nov 24, 2016 9:03 am (IST)

Nov 24, 2016 8:51 am (IST)

Nov 24, 2016 8:51 am (IST)

Opposition parties are expected to hold a strategy meeting later in the day 


Nov 24, 2016 8:50 am (IST)

Nov 24, 2016 8:50 am (IST)

Parliamentary Affairs Minister Ananth Kumar has also reached out to opposition arties 


Nov 24, 2016 8:49 am (IST)

Nov 24, 2016 8:45 am (IST)

PM Narendra Modi will attend the Rajya Sabha today but it is not clear if he will address the House  


Nov 24, 2016 8:44 am (IST)

Demands by the Opposition for a rollback of demonetisation and for PM Narendra Modi to speak on the issue in Parliament has paralysed Winter Session with the government rejecting both demands


Nov 24, 2016 8:42 am (IST)

Union Home Minister Rajnath Singh is set to meet Opposition leaders at 10am, one hour before Parliament resumes for the day