The central bank believes that four-month time is enough for people to exchange notes with the banks. Most of the Rs 2,000 notes that are in circulation is expected to return to banks within the given time frame of 30th September.
The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.
A bench of Justices Surya Kant and JB Pardiwala passed the order and declined the appeal of Tata Motors, challenging the decision to disqualify it from tender bid.
"The fire broke out in the dumping ground of Noida sector 32. Efforts are on to extinguish the blaze. All the officials are present on the spot," said Shakti Awasthi, additional deputy commissioner of police (ADCP) in Noida.
The acting minister of Mines and Petroleum, Shahabuddin Delawar, announced on Sunday that the ministry would shortly begin the bedding process to extract some of the oil and gas from fields in the country soon.
After the Bharatiya Janata Party (BJP) lost the Karnataka Assembly elections, Chief Minister Basavaraj Bommai on Saturday tendered his resignation to Governor Thaawar Chand Gehlot.
Massive fire broke out on Saturday in a chemical factory due to a short circuit in the Parsakhera Industrial Area of Uttar Pradesh's Bareilly, said police. The residents of the surrounding area have been evacuated as a precautionary measure. Six fire tenders are present at the spot. Detai