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RBI Governer Finally Speaks On The Proposal Of Reintroducing ₹1,000 Currency Notes

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RBI on 1000 notes

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RBI on 1000 notes

Demonetization is a term that has gained significant prominence in India since 2016. It all started when the Indian Government declared the demonetization of ₹500 and ₹1,000 currency notes on November 8, 2016. The goal was to increase digital transactions, encourage a cashless society, and reduce corruption, fake money, and black money.

However, with this, the government has also introduced the ₹2,000 currency notes. It was intended to quickly address the monetary demands of the economy. In the fiscal year 2018–19, the production of notes of 2,000 yen was stopped.

While demonetization sought to solve a number of socioeconomic problems, it was criticized on a number of fronts. Several analysts contend that the transition was detrimental to society’s underprivileged groups, who mostly relied on cash.

Being a bold and unprecedented move, demonetization has become an event that will always be etched in the memories of whoever experienced it. However, since then, it is always speculated that government might do another demonetization at any time.

demonetization in india
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RBI stops the circulation of ₹2,000 currency notes

Now, the Reserve Bank of India (RBI) has announced its plan to remove the ₹2,000 currency notes from circulation. Soon, people started speculating that it might be another demonization. However, it is important to note that this time, notes didn’t lose their legal tender.

The RBI decided to discontinue the ₹2,000 currency notes for a number of reasons. One important factor is that the general people do not frequently deal with these currencies. Throughout time, the value of 2,000 currency notes has dropped. As of March 31, 2023, just 10.8% of the total quantity was made up of them.

Furthermore, it is believed that the supply of other currency values is sufficient to suit the general population’s needs. This decision is in line with the “Clean Note Policy” of the RBI, which aims to ensure that the general public may obtain notes of high quality.

2000 note circulation
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The RBI governor emphasized that the removal of ₹2,000 currency notes will have no effect on economic activity

Regarding the impact of the withdrawal, Shaktikanta Das stated that it would have no effect on economic activity. He referenced his own observations and unofficial polls to support the restricted use of ₹2,000 notes in transactions. 89% of the ₹2,000 banknotes that were printed before March 2017 and were expected to last four to five years have reportedly reached the end of their useful lives, according to news agency PTI.

According to the report, the total value of these banknotes in circulation has significantly decreased from its peak of ₹6.73 lakh crore on March 31, 2018 (which accounted for 37.3% of all notes in circulation) to ₹3.62 lakh crore, constituting just 10.8% of all notes in circulation as of March 31, 2023.

Beginning on Tuesday, anyone will be allowed to deposit or exchange ₹2,000 notes until the RBI’s deadline of September 30. Ten notes can be exchanged at most once, and deposits of ₹2,000 or more will also be subject to the current requirement of presenting a PAN card. It is noteworthy that the State Bank of India has said that exchanging ₹2,000 notes would no longer require ID proof or requisition papers.

In preparation for the summer, the RBI has given banks instructions to ensure that branches have the necessary infrastructure, such as shaded waiting spaces and water fountains. Banks must also keep daily records of the deposits and exchanges of ₹2,000 notes. The governor did, however, suggest that the September deadline may be altered depending on the current situation.

RBI Governer Shaktikanta Das
businesstoday

RBI to reintroduce ₹1,000 currency notes?

RBI governor Shaktikanta Das has made it clear that there are no intentions to bring back ₹1,000. Das said that the RBI’s decision to remove ₹1,000 currency notes from circulation will have little effect on the economy. It is because it barely accounts for 10.8% of the currency in circulation during a press conference.

When questioned about the prospective return of ₹1,000, Das rejected the question as hypothetical. He said that there are no plans at the moment to implement such a policy. He emphasized that there are sufficient quantities of the current rupees (500 and 100) available to the general public, allaying concerns about the central bank’s ability to continue operating without the most valued rupee in India.

Das emphasized the system’s existing substantial supply of printed notes. He also pointed out that they are also accessible at the currency chests maintained by banks in addition to the RBI. He reaffirmed that despite the decision to remove ₹2,000 notes from circulation, they would continue to be considered legal money. He also asked people not to visit bank branches in a hurry, expressing confidence that this was not necessary.

1000 rs notes
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Also read: 5 Unique Ways How People Are Getting Rid Of ₹2000 Note



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Police Have Solved The Mystery Behind The Finger Found In Ice Cream: Here’s The Real Truth

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Varanya Mishra

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Police solve Mystery Behind The Finger Found In Ice Cream

Discovering foreign substances in food can be deeply unsettling, often causing profound distress and trauma. However, finding a human finger can evoke a feeling of utter disgust. Yes, you have read it absolutely right. A shocking incident occurred in Mumbai when a man said he discovered a human finger in the ice cream. This strange and terrifying episode attracted a lot of attention right away, shocking people and making many people wonder about food safety and hygiene regulations.

However, it also raised questions about the identity of the finger. A lot of people made theories about whose finger it was and what happened to the person. Now, after some investigation, the mystery surrounding the finger discovered in the ice cream has been resolved.

The mystery behind the human finger in ice cream has been solved

Earlier this month, a shocking discovery was made when a severed human finger was found in an ice cream. Now, the mystery behind the finger has been solved. According to a DNA report released on 27th June, it was Omkar Pote’s finger. He is an assistant operator manager at Fortune Company in Pune.

The incident traces back to May 11. It was when Pote lost his finger of his right hand while packing ice cream. This date and the ice cream cone’s production date matched. After learning about this, the Mumbai Police sued Fortune Company for carelessness.

human finger found in ice cream
TOI

How was it all unfolding?

The discovery was made on June 12, when Orlem Brendan Serrao, a 26-year-old resident of Malad, was eating a butterscotch ice cream ordered online by his sister.

Sensing something strange, he took a closer look and discovered a human finger in the ice cream while he was enjoying his delicacy. Serrao first complained to the ice cream firm on Instagram, but he didn’t hear back, so he went to the police with the issue.

Speaking about the incident, police said,

“The complainant, a 26-year-old doctor with an MBBS degree living in Malad West, had ordered a Yummo butterscotch ice cream cone. While eating it, he discovered a half-inch piece of flesh with a nail.”

The Mumbai Police’s inquiry took them to the Pune ice cream plant, where Pote had been hurt during production. According to the police, DNA samples were taken from Pote and transferred to the forensic science lab. Additionally, the finger itself was transferred to the Kalina Forensic Science Lab. Subsequently, a case was filed against the managers of Yummo Ice Cream Company.

finger was found in an ice cream

What does the company have to say about the incident?

Responding to the incident, Fortune Dairy’s owner, Manoj Tupe, said his company is cooperating with the inquiry and awaiting the DNA test results. He said that government teams have been dispatched to Ghaziabad and Jaipur, among other units, to conduct additional verification about the ice cream cone filling process.

In response to the incident, Yummo Ice Creams issued a statement, saying,

“We have stopped manufacturing at this third-party facility, isolated the said product at the facility and our warehouses, and are in the process of doing the same at the market level. Product quality and safety being our highest priority, we were in process to address the situation. Meanwhile, the matter was escalated, and an official police complaint was filed by the customer.”

Meanwhile, After this occurrence, the Fortune Dairy factory in Indapur received a stop-work notice from the Food Safety and Standards Authority of India (FSSAI).



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CA Aspirant’s Friend Asks For ‘Free’ ITR Filing; Their Conversation Goes Viral

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ITR file kar de

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ITR file kar de

The deadline for filing Income Tax Returns (ITR) for the assessment year 2024-25 is nearing (July 31). Most people need the help of someone who is good with accounts and tax filing to assist them during this time of the year. Chartered Accountants (CA) and CA aspirants are often sought after by their friends and family to file Income Tax Returns (ITR).

Recently, Manthan Raichura, a CA aspirant, took to X (formerly Twitter) to vent his frustration

This week, a Chartered Accountancy (CA) aspirant took to his X (formerly Twitter) account and shared his opinion on how some acquaintances remember you only during their time of need.

Raichura shared a chat screenshot of himself and an old acquaintance who had not been in touch with him for a long period of time. The conversation started with a simple “Hello” and within some time the actual motive was revealed. Soon the acquaintance requested help with filing his ITR.

ITR FILING
indianexpress

The conversation was initiated by the acquaintance who sent a message, and Raichura responded to it with a curious mind unaware of the sudden unknown contact. The acquaintance then replied in Hindi, saying,

“Yes, I wanted to file the ITR.” Raichura immediately cut to the chase, asking for details and fees. The acquaintance responded, “Achaa…fees dena hoga. Kitna? (Oh, I have to pay a fee? How much?)”

Just when Raichura quoted the fee for his help with the ITR, his acquaintance backed out as he was hoping to get the service for free. He left the conversation saying,

“Rehn de (leave it)”

Twitter

Raichura shared the screenshot of the WhatsApp chat and wrote,

“I take no shame in asking for ITR filing fees. It is that time of the year when some unrelated relatives and old disconnected ‘friends’ will call/text for their selfish reason. Why should I feed my time to keep an inexistent relation?”

He added that no one should feel ashamed to ask for a fee for their hard work and time. The post went viral with over a million views, 11,000 ‘likes’, over 500 re-posts, and over 600 bookmarks.

The post was flooded with comments from netizens. They gave mixed reactions to Raichura’s opinion

One user remarked,

“Bhai, I asked my CA friend to file only after you take money. It is his source of earning; I can’t expect him to do it for free.”

Another user said,

“Same for doctors, bro! Why should such people be given free treatment after spending so many years in medical training? Good one. Keep it up.”

One user said that he happily pays his best friend who files his ITR. Several people backed Raichura by saying that no one should offer their service for free.

However, some reactions were not supportive. One user commented,

“Thank God I don’t have a CA friend like you. He’s a friend of 24 years, and we’ve met only thrice in the last 18 years, yet he just asks for my Form 16 and does the honour. I’m blessed I have friends like him.”

Another user suggested that the decline should be proper and respectful. A CA professional supported the decision of Manthan Raichuria. Another user asked Raichura to disclose the fee he quoted so that they could do the same to sway people.

Many users asked Raichura about his quoted fees and he replied to most of them

Though ITR filing has been a lot simpler than before, people still look up to professionals for help. Should they offer their service for free? Let us know in the comments.



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21 Eid Special Mehndi Design – Latest & Easy Patterns (2024)

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Eid Special Mehndi Design

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Eid Special Mehndi Design

The festival of Eid is incomplete without a special mehndi design for Eid. Going on for generations, this is where culture meets artistic creativity and opens the door to exploring new designs to adorn yourself with body art. In this era, ancient tradition speaks through modern expression with timeless techniques and significance. We have curated this list of Eid special mehndi designs just for you.

Here are some of the best mehndi designs for Eid that we have come across:

1. Arabic mehndi design for Eid

Arabic mehndi designs are best known for their intricate detailing and deep stains but if you want to keep it minimal, here is an idea for you. In this special mehndi design for Eid below, you can see the precise detailing on the expanse of the palm and the dainty flower bracelet design around the wrist.

Arabic mehndi design for eid
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2. Net back hand henna design

Net henna designs are also pretty common in clients looking for Eid special mehndi designs. In this net design below, you can see that thin lines of henna have been filled in the dome-like design and each intersection of such lines sports a cute flower.

net back hand henna design
Pinterest

3. Central flower motif henna

If you are looking for a special mehndi design for Eid with a central motif design, then this design below might interest you. Whilst the fingers have been covered in an angular mesh design, there is medium-sized round motif at the center that is bordered with flower motifs.

Central flower motif henna
Pinterest

4. Geometric henna designs

Geometric patterns have always been a medium of representing art and other significances. In Morrocan mehndi designs, you often see the use of pointed geometric shapes like triangles and squares which makes the design stand out. In this special mehndi design for Eid, you can see that apart from the diagonal design across the fingers, there is a vertical line of square motifs.

Geometric henna designs
Pinterest

5. Minimalistic henna with dainty motifs

If you are a minimalist looking for Eid special mehndi designs to sparkle up on the occasion, this design below can be a good choice for you. Around the wrist, you can see a  traditional glove-like design that has been filled in with tiny flowers and beaded motifs.

Minimalistic henna with dainty motifs
Pinterest

6. Finger Eid special mehndi design

When it comes to minimalistic Eid easy mehndi design, finger henna designs can be one of the best options for you. In this mehndi design below, you can see a spiraling leaf design from the wrist to the fingertip of the middle one and others are adorned with ring designs.

Finger Eid special mehndi design
Pinterest

7. Moon henna design for Eid

A moon motif is perfect for Eid mehndi designs. In the Eid easy mehndi design below you can see that to keep the motif more prominent, it has been paired with minimal flower motifs with each finger dining a different design.

Moon henna design for Eid
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8. Stylish Eid mehndi design

If you are looking for trending and stylish mehndi designs to stand out in the crowd this season, then take a look at this 3D ornamented mehndi design below. The central flower motif is shaded and done in a unique way to give you a 3D look.

Stylish Eid mehndi design
Pinterest

9. Jharokha mehndi design

Jharokha mehndi designs for Eid look amazing when paired with traditional and ethnic outfits for their stunning cutout design. In this beautiful henna design below you can see that it gives you a glove like illusion and the gap is filled in with star designs. If you are looking for Eid easy mehndi design, then the design shown is a good option for you.

Jharokha mehndi design
Pinterest

10. Negative floral mehndi design back hand

The best thing about negative mehndi designs is that they are quite eye-catching with deep and dark henna stains. In such designs, the motifs are outlined but they are not filled in, instead, the surroundings the filled in with henna giving you a contrasting look to flaunt as Eid easy mehndi design.

Negative floral mehndi design back hand
Pinterest

11. Ornamental back hand mehndi design

If you like jewelry-imitated mehndi designs, then these ornamental mehndi designs for Eid design will catch your eye. If spotted from afar, it seems like you have jewelry on but in reality, it’s just a neatly done henna artwork. This makes it a good option for Ramzan Eid special mehndi design for you to flaunt.

Ornamental back hand mehndi design
Pinterest

12. Segmented palm mehndi design

Segmentation is used in mehndi designs which involve several motifs in a design. If segregated, then each motif becomes more prominent thus adding value to the whole look. In this Ramzan Eid special mehndi design below, you can easily see how each motif in the design differs yet gives you a quality look at the end.

Segmented palm mehndi design
Pinterest

13. Easy Eid henna ideas

It can happen that you have less time to spare or on a tight budget, worry not, this is where these kinds of easy Eid special mehndi designs come into play. The gap in between the bands of design makes the distinction starkly prominent and unique. This Ramzan Eid special mehndi design also gives you a neat and classy vibe.

Easy Eid henna ideas
Pinterest

14. Semicircle design with lotus motifs

Semicircle mehndi designs are selling like hot cake in the trend charts for their classy finished look. In this henna look below, the semicircle motif is further bordered by lotus motifs and the equidistant designs give you a clean and neat look.

Semicircle design with lotus motifs
Pinterest

15. Peacock mehndi design front hand

When it comes to royal hand mehndi designs, nothing beats a peacock motif design. In this gorgeous mehndi design below, you can see that along with peacock motifs, there are prominent angular negative lotus motifs splayed across the thumbs.

peacock mehndi design front hand
Pinterest

16. Vertical henna design for Eid

Vertical segmentation in hand mehndi designs gives you a chic look and makes your palm look longer. In this stunning design below you can see the vertical segregation of motifs around the longest finger with a broad band design around the wrist. The negative box henna designs have been done in a way that gives you a flower-type motif.

Vertical henna design for Eid
Pinterest

When it comes to Ramzan Eid special mehndi design, rose motifs are an all-time favourite and in demand. Below you can see a distinct negative rose motif with a vertical segmentation of design around the fingers giving you a break from monotonicity in the patterns.

Rose mehndi design
Pinterest

18. Elephant motif back hand mehndi

Elephant motif mehndi designs for Eid give you a regal look and can be done in several ways. You can have negative henna designs as well as designs like the one shown below. The central circular design is extended on both sides in bands of henna and secured with a wrist design.

Elephant motif back hand mehndi
Pinterest

19. Negative lotus mehndi design

Negative lotus mehndi designs are the talk of the mehndi world for their simple yet chic finish. It is perfect for those who are looking for dark henna stains with minimal effort on motifs. It is less time-consuming and doesn’t burn a hole in your pockets as well.

Negative lotus mehndi design
Pinterest

20. Multimotif Eid special mehndi design

When looking for Eid special mehndi designs, it would be a waste to not mention a multi-motif palm mehndi design which gives you a detailed look with perfect segmentation. Starting from box motifs to lotus motifs, you get the best of everything in the design below.

Multimotif Eid special mehndi design
Pinterest

21. Simple square motif palm mehndi design

Square motifs are somewhat considered unconventional when it comes to mehndi motifs, but if you want to be a head-turner, check out the design below. In these mehndi designs for Eid, the square motif is set in an angular way and the creeper motifs on the expanse of the palm fill up the space with minimal effort. This helps in keeping the design simple and stunning.

Simple square motif palm mehndi design
Pinterest

Hope this list of Eid special mehndi designs has been insightful and presented you with varied options to look into when deciding on the design.



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