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RBI Report Revealed Rs 2,000 Notes were not Printed in 2019-20

The Reserve Bank of India (RBI) Annual Report said the total amount of 2,000 INR currency bills in circulation has fallen from 33,632 lakh pieces at end-March 2018 to 32,910 lakh pieces end-March 2019. The number of bills further dropped to 27,398 lakh pieces at end-March 2020. The number of pieces of Two thousand INR […]

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The Reserve Bank of India (RBI) Annual Report said the total amount of 2,000 INR currency bills in circulation has fallen from 33,632 lakh pieces at end-March 2018 to 32,910 lakh pieces end-March 2019. The number of bills further dropped to 27,398 lakh pieces at end-March 2020.

The number of pieces of Two thousand INR denomination notes composed 2.4 percent of the total proportions of notes at March 2020, down from 3 percent at March 2019 and 3.3 percent in March 2018. The share has dropped to 22.6 percent at March 2020 from 31.2 per at March 2019. Notably, the share value was at 37.3 percent in March 2018.

RBI’s annual report (1) disclosed the currency notes of 2000 were not printed in 2019-20, and the circulation of these notes has declined over the years. On the other side, over the three years beginning 2018, the distribution of the currency denomination of Rs 500 and Rs 200 had gone up considerably in both terms of value and volume.

The report also Revealed Many other Facts.

The RBI report disclosed that no fresh supplies for the 2000 INR bills were made by Security Printing and Minting Corporation of India Limited (SPMCIL) (2) and Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) (3). Moreover, the indent of banknotes for 2019-20 was lower by 13.1 percent than that of a year ago.

It said, the outbreak of COVID-19 and the evolving lockdown caused main disruptions in the supply of banknotes during 2019-20 and lowered it by 23.3 percent than in the previous year.

During 2019-20, several Fake Indian Currency Notes (FICNs) were detected. Of the total FICNs detected in the banking sector, 4.6 percent were detected at Reserve Bank and 95.4 percent by other banks, the report said. A total number of 2,96,695 pieces of counterfeit notes were discovered.

The RBI also said it had undertaken various initiatives to introduce enameled banknotes in Rs 100 denomination on a field trial basis. However, printing these notes has been delayed due to disruptions caused by the COVID-19 situation and certain other developments.


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

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Source: https://timesnext.com/rbi-report-revealed-rs-2000-notes-were-not-printed-in-2019-20/

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Is coronavirus a prelude to war? New video surfaces of China’s nuclear-capable H-6 bomber carrying a large hypersonic missile

Is coronavirus a prelude to war? With this question, we’re not suggesting that coronavirus was engineered in a lab as a bioweapon or being used as a bioweapon. The point is more about the lack of preparedness and the fact that […]

The post Is coronavirus a prelude to war? New video surfaces of China’s nuclear-capable H-6 bomber carrying a large hypersonic missile appeared first on Tech News | Startups News.

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Is coronavirus a prelude to war? With this question, we’re not suggesting that coronavirus was engineered in a lab as a bioweapon or being used as a bioweapon. The point is more about the lack of preparedness and the fact that everyone was caught off guard. Not many people saw it coming.

Now, something bigger may be on the horizon–China’s war with Taiwan. As Professor Li FEI of Taiwan Research Institute of Xiamen University (China) pointed out, “China’s war with Taiwan is much more likely than a military confrontation with the United States. As the rest of the world battle with coronavirus, China continues to arm for war, becoming ever more dangerous.”

Back in September, we wrote about China after the Chinese Air Force released a two minute and 15-second video showing its H-6 bombers carrying out a simulated attack on what appears to be Andersen Air Force Base on the U.S. Pacific island of Guam. The video, which was released on Saturday on the People’s Liberation Army Air Force Weibo account, came as China carried out the second day of drills near Chinese-claimed Taiwan, to express anger at the visit of a senior U.S. State Department official to Taipei. The video is called “The god of war H-6K goes on the attack!”

Now, a little over a month later, a new video circulating on social networks shows a Chinese H-6N bomber with a weapon system. Since the new type of X-6 bomber debuted only last year, military insiders said the new weapon system is a new hypersonic cruise missile. As China stepped up its war preparations with Taiwan, the Chinese Air Force is deploying hypersonic missiles at several military bases across from Taiwan. This new type of missile gives the Chinese Airforce a significant advantage over Taiwan’s anti-ballistic missile shield due to the glide vehicle’s unpredictable ballistic trajectory.

A Chinese civilian recorded the bomber as it was landing at Neixiang Ma’ao air base in central China. In the video, the H-6N bomber is seen carrying a large missile with the telltale nose shape of a weapon that can travel faster than Mach 5. The missile itself appears to have a sharp, wedge-like nose similar to those seen on a new Chinese hypersonic weapon system. The weapon may even be nuclear-armed, making the blazing-fast projectile particularly deadly.

In another social media video, China military aviation researcher Rupprecht Deino wrote:

“For the first time a H-6N was seen landing with an air-launched Anti-ship ballistic missile (ALBM/AShBM). This missile so far labelled as CH-AS-X-13 is often referred to the DF-21D but here it looks almost to feature an DF-17 like hypersonic glide vehicle (HGV) on top the rocket”

In 2018, Chinese researchers successfully tested its first hypersonic missile named XingKong-2 hypersonic aircraft. XingKong-2 or Starry Sky-2 is an experimental waverider hypersonic flight vehicle that gains its lifting power via the shock wave created by its own flight. According to the China Academy of Aerospace Aerodynamics, Xingkong-2 reached an altitude of 30 kilometers and a speed of Mach 5.5-6. The Xingkong-2 is still in the trial phase and more tests are expected.


Source: https://techstartups.com/2020/10/23/coronavirus-prelude-war-new-video-surfaces-chinas-nuclear-capable-h-6-bomber-carrying-large-hypersonic-missile/

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China-based EdTech startup Yuanfudao raises US$2.2 billion in funding for its online education platform; making it the world’s most valuable EdTech company

Yuanfudao, China’s leading online education platform announced it has secured $2.2 billion Series G1 and G2 funding to further boost its educational technology innovation, accelerate new curriculum product development and expand its online education service system. The G1 financing round was […]

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Yuanfudao, China’s leading online education platform announced it has secured $2.2 billion Series G1 and G2 funding to further boost its educational technology innovation, accelerate new curriculum product development and expand its online education service system.

The G1 financing round was led by Tencent, with participation from Hillhouse Capital, Boyu Capital, and IDG Capital. The G2 financing round was led by DST Global, with participation from CITICPE, GIC, Temasek, TBP, DCP, Ocean Link, Greenwoods, and Danhe Capital. The new funding brings the Yuanfudao’s valuation to $15.5 billion, making it the most valuable technology-driven education unicorns in the world.

Founded in 2012 Shuai Ke, Xin Li, and Yong Li, Yuanfudao is China’s leading online education platform that currently provides K-12 after-school tutoring, pre-school enlightenment, and adult education services to over 400 million users across China. Yuanfudao offers a comprehensive curriculum spanning from primary school English, Mathematical Olympiad to all-subject courses in secondary school. Its unique online feature and a large pool of quality teachers enable students to access live online tutoring at home taught by national renowned teachers, benefiting hundreds of thousands of students across the country.

Yuanfudao is the leading brand for China’s primary and secondary school online courses, while Zebra AI Class is the largest online course platform for preschool education in China. As of today, these two major online course platforms currently approximately 3.7 million students using their regular-priced courses, making Yuanfudao the largest online education company in China by the number of students.

Headquartered in Beijing, Yuanfudao has established a number of teaching & research centers and branches across China, including in Wuhan, Xi’an, Zhengzhou, Nanjing, Chengdu, Jinan, Changsha, Tianjin, Chongqing, Shenyang, Changchun, and Hefei with more than 30,000 employees. In March 2020, Yuanfudao announced that it would create 10,000 jobs across China and 5,000 jobs in Wuhan to support COVID-19 recovery efforts, as a part of the Company’s commitment to corporate social responsibility.


Source: https://techstartups.com/2020/10/23/china-based-edtech-startup-yuanfudao-raises-us2-2-billion-funding-online-education-platform-making-worlds-valuable-edtech-company/

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Hummer EV, GM’s first all-electric truck and rival to Tesla’s Cybertruck, sold out in the first 10 minutes of opening the pre-orders

Yesterday, General Motors unveiled its first all-electric Hummer, the GM Hummer EV. The Hummer EV line was launched in October 2020 through a live stream. The off-road luxury electric truck is a response to Tesla’s Cybertruck. The Hummer EV includes a pickup truck […]

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Yesterday, General Motors unveiled its first all-electric Hummer, the GM Hummer EV. The Hummer EV line was launched in October 2020 through a live stream. The off-road luxury electric truck is a response to Tesla’s Cybertruck. The Hummer EV includes a pickup truck (SUT) and a Sport Utility Vehicle (SUV) that will be introduced in 2021.

Less than 24 hours after the launch, General Motors said it has sold out the first year’s worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveals on Tuesday, according to a confirmed report from Reuters. The GMC website showed a “reservations full” banner over the Hummer EV “Edition 1,” due to start production in the fall of 2021. The next version of the truck, the $99,995 Hummer EV 3X, is not scheduled to begin production until the fall of 2022.

The Hummer EV “Edition 1” is the sole model available for the first year and considered to be a limited edition that was available for pre-order by the end of the launch event on October 20, 2020. All Edition 1 are white with a black roof with bronze-colored wheels and a two-tone black and gray interior with bronze accents and Edition 1 badges.

Edition 1 has three electric motors with 1000 horsepower and comes fully loaded with the Extreme Off-Road package, which includes 35-inch mud-terrain tires, skid plates, and rock sliders. The Hummer EV Edition 1 broke records as it had sold out in the first 10 minutes of opening the pre-orders.

The least expensive Hummer EV, starting at $79,995, is scheduled to go into production in the spring of 2024, GM said. The Hummer EV was designed and engineered in 18 months, GM officials said during a presentation on Wednesday. The brawny truck can “crab walk” sideways on rough terrain using its four-wheel steering system, and has a “Watts to Freedom” mode that accelerates the truck to 60 miles per hour (97 kph) in 3 seconds.

The Hummer EV is very different from the Tesla Cybertruck but equally eye-grabbing design and a bevy of extreme performance features. The Cybertruck’s starting price is $39,900, though a model with 500 miles of range starts at $69,900. Tesla has begun building a factory in Austin, Texas to build the Cybertruck starting in late 2021.


Source: https://techstartups.com/2020/10/23/hummer-ev-gms-rival-teslas-cybertruck-sold-first-10-minutes-opening-pre-orders/

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