World
Greece considers legal action to block eurozone exit
Greece is analysing possibly taking legal action against the European institutions to block its exit from the eurozone, according to Greek Finance Minister Yanis Varoufakis. Greece is expected to fail to make Tuesday's loan repayment to the International Monetary Fund (IMF).
 
"The Greek government will make use of all our legal rights," Varoufakis told British newspaper Daily Telegraph on Tuesday, the day marking the end of Greece's bailout extension.
 
Greece, according to the newspaper, has threatened to file a court order not only to block the expulsion from the shared currency, but also to avoid stifling the country's banking system.
 
"We are taking advice and will certainly consider an injunction at the European Court of Justice. The EU treaties make no provision for euro exit and we refuse to accept it. Our membership is not negotiable," the minister argued.
 
Tuesday marks the end of the deadline for Greece to pay the 1.6 billion euros ($1.7 billion) owed to the IMF, while the Greek government has called for a referendum on July 5 to decide whether to accept the conditions of the rescue.
 
Varoufakis said Greece has sufficient liquidity to carry it until the referendum, but acknowledged that the capital controls introduced by creditor institutions over the weekend are causing problems for companies.
 
In accordance with these measures, banks will remain closed until July 6 and a daily cap for cash withdrawal stands at 60 euros ($66.70).
 
The failed negotiations in Brussels have made a Greek exit from the euro more possible than ever. 

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New Rs.100 notes to carry ascending numbers
The Reserve Bank Of India (RBI) has recently issued new Rs.100 currency notes in the Mahatma Gandhi Series-2005 with a new numbering pattern, an official statement said.
 
The numerals, henceforth, in both the number panels of these new currency notes will be in ascending size from left to right. However, the prefix, the first three alphanumeric characters will remain constant in size, the RBI said.
 
This is a new visible security feature in the bank notes to enable public identify and distinguish it from a counterfeit one.
 
Barring this new design of the numbering pattern, the bank note is similar to the Rs.100 note in the existing Mahatma Gandhi Series-005.
 
It bears the signature of current RBI Governor Raghuram Rajan, showing the year of printing 2015 on the reverse, and the new numbering pattern will be introduced in a phased manner in all other denominations.

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COMMENTS

Shirish Sadanand Shanbhag

1 year ago

Ascending size of numbering is only for Rs.100 notes, why not for Rs.500 and Rs1,000 notes?

Since Government says this feature in Rs.100 note is brought in, for additional security reasons, then, such additional security reason is not needed for higher denomination notes?

Bijoy Varghese

1 year ago

So the counterfeiters don't know how to print ascending size numbers on the notes? is that the logic? Only option is to start printing notes in india and not to outsource. then comes other plans. also why not plastic notes yet? whats stopping RBI from issuing plastic currencies like in other countries?

AJOY KUMAR SARAF

1 year ago

New security feature is welcome but RBI should create awareness before its circulation otherwise small town traders and vendors will not accept it and will say it is fake.
even some people / petty shopkeepers are refusing to accept note prior to 2005

Over 8 percent of Indian households have disabled persons
Over eight percent, or 207.8 lakh, of the total households in the country have disabled persons, reveals data on disabled population in India released here on Tuesday.
 
According to the data, of the total households that have disabled people, about 99 percent are normal households, 0.4 percent are institutional, and 0.2 percent are households of people who do not have their own houses. 
 
"The data gives the number of households having disabled persons by type of households, including normal (99 percent), institutional (0.4 percent) and houseless households (0.2 percent)," the office of the Registrar General and Census Commissioner of India said. 
 
The disabled persons are further cross-classified into eight disabilities - seeing, hearing, speech, movement, mental retardation, mental illness, any other and multiple disability.
 
Total households having disabled persons show an increase of 20.5 lakh, from 187.3 lakh in 2001 to 207.8 lakh in 2011 - 6.2 lakh in rural and 14.3 lakh in urban areas. Normal households with the disabled persons increased by 20,24,495, institutional households by 8,370 and houseless by 13,560 during the decade 2001-11.
 
Disabled persons living in normal households increased by 48,19,382, institutional households by 65,895 and houseless households by 22,948 during the said decade, the release said.

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