New Rs 500, Rs 2000 notes have unique dimension, says finance ministry
MoS for finance Arjun Ram Meghwal says bank notes in each denomination has a distinct dimension. The size new Rs500 bank note is 66mm x 150mm and of Rs2,000 note is 66mm x 166mm
New Delhi: The government on Tuesday asserted that the new Rs500 and Rs2,000 notes have single unique dimension, a statement that came on a day when opposition parties led by the Congress stalled proceedings in the Rajya Sabha alleging that notes having different sizes.
“Bank notes in each denomination has a distinct dimension. The size of new design Rs 500 bank note is 66mm x 150mm and the size of new design Rs2,000 bank note is 66mm x 166mm,” minister of state for finance Arjun Ram Meghwal said in a written reply to a question in the Rajya Sabha.
Opposition Congress, supported by the TMC and the JD(U), today forced adjournment of the proceedings in the Rajya Sabha over what it called as the “biggest scam of this century” in the printing of two different sizes for the new currencies.
However, finance minister Arun Jaitley said the opposition party has been raising “frivolous” issues without giving notices to stall Zero Hour proceedings.
In a separate reply, Meghwal said that National Crime Records Bureau data indicates that the incidents of Fake Indian Currency Notes (FICN) have been reported in some parts of the country. However, examination of the specific parameters reveals that the notes are of low quality.
“No high quality counterfeit new currency notes have been seized by any agency so far,” Meghwal said.
- Change M&A norms to calculate spectrum dues: Trai
- Cracking India’s bankruptcy code
- RBI’s registry will help solve problem of credit shortage: iSpirt’s Sharad Sharma
- Fintech regulation at an inflection point: Shardul Amarchand’s Shilpa Mankar Ahluwalia
- Voice and AI biggest transformative tech, says EY’s Mahesh Makhija
Editor's Picks »
- CAG puts spanner on GE’s diesel loco manufacturing unit in Bihar
- Modi slams opposition, refers to Rahul’s ‘unwanted hug’ at Shahjahanpur rally
- Gold price maintains uptrend on global cues, jewellers’ buying
- Sky is Comcast’s final prize as Disney battle approaches endgame
- Donald Trump and the US dollar: Actions speak louder than words
- What ABB India’s performance in June quarter says about capex growth
- Bajaj Finance does well in Q1 even as competition hots up
- Kotak Mahindra Bank: The perils of being priced to perfection
- Higher cane price crushes hopes of sugar mills
- Market optimism before 2019 general election: History may not repeat itself