After demonetisation, fake currency worth Rs 11.23 cr detected in 29 states New delhi, July 18 (PTI): Fake currency having face-value of over Rs 11.23 crore was detected in 29 states post demonetisation, the government informed Parliament on Tuesday. In a written reply to the Rajya Sabha, Finance Minister Arun Jaitley also said that a mobile app has been recently launched by the Reserve Bank which allows users to see the features of new Rs 500 and Rs 2,000 notes. The users can check the authenticity of the new notes using the app, which can be downloaded from the ‘Play Store’ in Android phones or ‘App Store’ in iPhones. Citing data of National Crime Records Bureau (NCRB), the minister said that 1,57,797 number of Fake Indian Currency Notes (FICN), having face-value of over 11.23 crore has been detected in 29 states post demonetisation until July 14. In a surprise move, the government had scrapped high currency notes from November 9, 2016 with an aim to check fake currency, terror financing and black money. Later, the Reserve Bank issued new Rs 500 and also Rs 2,000 notes in Mahatma Gandhi (New) Series. Jaitley also said banks are under instruction to display design and security features of all the bank notes prominently at the branches for information of the public. ‘RBI not reviewing 90-day NPA classification window’ New Delhi, July 18 (PTI): The finance ministry today said the Reserve Bank is not examining any proposal to extend the 90-day period for classification of non-performing assets (NPAs) or bad loans to help small businesses. The extant prudential NPA norms were brought in after extensive consultations and were based on the report of the Committee headed by M Narasimham on Banking Sector Reforms, Minister of State for Finance Santosh Kumar Gangwar said in the Rajya Sabha. “Reserve Bank of India has informed that it is not examining any proposal on extending the Non-Performing Assets (NPA) classification norms from the current 90-day window to help small and medium enterprises,” he said in a written reply. The minister said the prudential norms are one of the building blocks for financial soundness of Indian banks and any deviation would render the banking system weaker. “Further, any delay in recognition of deterioration in asset quality removes pressure on the banks to deal promptly with the problem,” he added. Gross of NPAs of the public sector banks totalled more than Rs 6.41 lakh crore at March end. The gross NPAs of the banking sector were at about Rs 7.28 lakh crore. Honda Cars launches limited edition variant of Amaze, for Rs 6.8 lakh New delhi, July 18 (PTI): Honda Cars India Ltd (HCIL) On Tuesday launched limited edition version of its compact sedan Amaze, with petrol variant priced at Rs 6.48 lakh (ex-showroom Delhi). The petrol trim of the ‘Privilege Edition’ is priced at Rs 6.48 lakh while the diesel version is tagged at Rs 7.73 lakh. The new version comes enriched with advanced infotainment system, enhanced exterior and safety features. “Our endeavour has always been to offer best in class features to our customers and we are happy to offer the Privilege Edition of the Honda Amaze with digipad for advanced infotainment,” HCIL Senior Vice President Marketing and Sales Jnaneswar Sen said in a statement. The new edition with its enhanced value is a compelling offer for Amaze customers, he added. The new trims come with various features like dual airbags, ABS (in diesel variant), power adjustable ORVMs, steering mounted controls among others.
