Business
India to phase out 2,000 note after dud demonetisation drive
Published
1 year agoon
India’s central bank has announced that it will start withdrawing 2,000-Rupee notes from circulation, although they will remain legal tender.
People will be asked to deposit 2,000-Rupee banknotes in their bank accounts or exchange them for smaller denominations between May 23 and September 30, the Reserve Bank of India said. They will be be able to exchange up to 20,000 Indian Rupees at a time to avoid inconveniences and chaos.
The Rs. 2,000 denomination banknote was introduced in November 2016, mainly to meet the currency requirement of the economy after the withdrawal of all Rs. 500 and Rs. 1,000 banknotes in circulation at that time.
The RBI said that the objective of introducing Rs. 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities.
About 89 per cent of the Rs. 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years.
It has also been observed that this denomination is not commonly used for transactions.
This is a ₹2000 note, Indian currency.
It was introduced by Modi ji during demonetisation in 2016 to replace Old ₹1000 note.
It was said that it has electronic chip in it and person using them for anti India activities would be traced.
Today, Modi ji has withdrawn this 2000… pic.twitter.com/bvGq1KHIm9
— Dr Nimo Yadav (@niiravmodi) May 19, 2023
Announcements
UAE sends 90 metric tons of urgent relief supplies to Sudan
Published
5 days agoon
September 3, 2024By
SudhashreeOn the directions of Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai, the Dubai Humanitarian (DXB-H) has facilitated urgent relief supplies to Chad’s capital, Ndjamena, to support over 70,000 Sudanese people, alleviating their suffering and safeguarding lives in the region.
In a swift response to the escalating humanitarian crisis, a Boeing 747 cargo flight departed from Al Maktoum International Airport on Saturday, August 31, at 9:00 am carrying 90 metric tonnes of essential medical supplies, shelter materials, and relief items provided by the World Health Organisation (WHO) and the United Nations High Commissioner for Refugees (UNHCR). These critical resources are expected to support over 70,000 Sudanese people, alleviating their suffering and safeguarding lives in the region.
Announcements
Global Village announces opening date for Season 29
Published
5 days agoon
September 3, 2024By
SudhashreeSeason 29 of Global Village will kick off on October 16, 2024, the outdoor destination announced. The season will run until May 11, 2025. The popular destination remains closed during the summer months. This year, Global Village is expanding its offerings, featuring more cultural representations, never-before-seen entertainment, and exciting infrastructure upgrades.
https://www.instagram.com/reel/C_Z2t2cNI40/?igsh=MTh1c3NvdGlqZW9yOQ%3D%3D
Visitors to the family-friendly destination can experience a diverse range of performances, shopping, and dining experiences from cultures around the world.
Opening more than 25 years ago, the destination set a new record of over 10 million visitors in its 28th season, the longest season to date, hosting 27 pavilions representing over 90 cultures from around the globe, as well as 3,500 shopping outlets and 250 dining options.
The destination is expecting millions of visitors from around the globe to gather for the park’s attractions during the upcoming season.
Announcements
Gaming meets speed: Ferrari launches first-ever esports arena in Abu Dhabi
Published
1 week agoon
September 1, 2024By
SudhashreeFerrari World Yas Island, Abu Dhabi’s acclaimed Ferrari-themed park, has once again redefined entertainment by launching the world’s first Ferrari-themed Esports Arena. This state-of-the-art venue is set to become the go-to destination for racing enthusiasts, Formula 1 aficionados, and thrill-seekers alike.
The newly unveiled Ferrari World Esports Arena features an impressive lineup of 20 Gran Turismo simulators, thoughtfully designed to cater to a broad audience. Fourteen simulators are dedicated to adult racers, while six are specifically designed for younger guests, creating a family-friendly atmosphere that welcomes visitors of all ages.
The arena also includes three specialised F1 simulators, offering participants the exhilarating experience of sitting in the driver’s seat of a Ferrari race car and racing on legendary F1 Grand Prix circuits, including the Yas Marina Circuit. Open daily from 10am to 6pm, the Ferrari World Esports Arena offers access to the Gran Turismo simulators as part of the theme park ticket until the end of the year. The exclusive F1 simulators are available for an additional fee, starting from Dh60 per race.