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RBI to release new Rs 50 note; old note will not be discontinued

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RBI to release new Rs 50 note; old note will not be discontinued

[vc_row][vc_column][vc_column_text]New fluorescent blue banknote in the Mahatma Gandhi (New) Series bearing the signature of RBI Governor Urjit R. Patel, will feature the motif of Hampi with chariot and the Swachh Bharat logo and will be of 66 mm X 135 mm dimension

The Reserve Bank of India (RBI) will soon introduce new Rs 50 banknotes in the Mahatma Gandhi (New) series, bearing signature of its Governor, Urjit R. Patel. The new banknotes, printed in a fluorescent blue base colour, will be put into circulation without discontinuing the earlier Rs 50 notes.

In a press statement, the RBI informed that the dimensions of the new note will be 66mm x 135mm. While the height of the new tender is the same as the new Rs 500 and Rs 2,000 banknotes which were issued after demonetization in November last year, the width is lesser than the Rs 500 banknote. The new notes will be slightly smaller and thinner than the existing Rs 50 tender.

The new tender will bear the picture of the iconic stone chariot of Hampi (in Karnataka) along with the Swachh Bharat logo and slogan on its reverse.

The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

The central bank had announced in December last year that it would issue new currency notes of Rs 50 and Rs 20 denominations. The announcement came after photos of new fluorescent notes started doing the rounds on social media.

The announcement of the new Rs 50 series comes at a time when there is immense speculation over the possibility that the central bank will soon stop printing the Rs 2,000 notes that were issued after demonetisation and will instead step up printing of lower denomination notes. Another rumour doing the rounds is that the RBI may also print new notes of Rs 200 denomination.

It however remains unclear whether the new Rs 50 notes will also be dispensed at ATMs like tender of Rs 100, Rs 500 and Rs 2000 denominations. Doing so will present two complications – first, the size of the old and new Rs 50 notes is different and so ATM’s will need to have two separate cassettes for calibration and dispensing of the notes of different dimensions and second, the RBI will have to print the new notes in huge quantities as ATMs presently do not dispense Rs 50 notes at all.

RBI to release new Rs 50 note; old note will not be discontinued

Here are the salient features of the new Rs 50 notes:

On the Obverse (Front)

* See through register with denominational numeral 50

* Denominational number 50 in Devnagri script

* Portrait of Mahatma Gandhi at the centre

* Micro letters ‘RBI’, BHARAT in Devnagri, ‘INDIA’ and ‘50’.

* The windowed demetallised security thread has inscriptions of BHARAT in Devnagri and RBI.

* Guarantee clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait

* Ashoka Pillar emblem on the right

* Watermarks of Mahatma Gandhi portrait and electrotype (50)

* The number panel with numerals growing from small to big is on the top left side and bottom right side.

On the Reverse (Back)

* The year of printing of the note is placed on the left

* Swachh Bharat logo with slogan ‘Ek Kadam Swachhta ki Aur’

* The currency has a language panel

* Motif of Hampi with chariot

* Denominational number 50 in Devnagri[/vc_column_text][/vc_column][/vc_row]

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Google restores delisted Indian apps after government intervention

Google on Saturday restored all Indian apps it had removed.

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Google has started to restore all the delisted Indian mobile apps on Play Store agian, which they had removed due to a disagreement over service fees. After a discussion between company representatives and IT Minister Ashwini Vaishnaw, the decision was made, according to sources.

The step was taken in response to Vaishnaw’s strong statement in which he said that it is not allowed for apps to be removed from the Google Play Store. The minister had said, India is very clear, our policy is very clear…our startups will get the protection that they need.

Vaishnaw  continued saying that he has already given Google a call. They will be speaking with the app developers who were delisted this week. This is not acceptable. The minister said this kind of delisting cannot be permitted.

Ten Indian companies’ apps were banned by Google on Friday, causing outrage in one of its fastest-growing markets. With 94% of phones running on its Android platform, Google holds a large portion of the Indian market. Popular names like Naukri and Bharatmatrimony were on the list.

The main point of contention is Google’s in-app purchase fees, which range from 11% to 26%. Indian startups have long opposed the US tech giant’s actions, believing them to be unfair.

The founder of Bharat Matrimony, Christian Matrimony, Muslim Matrimony, and Jodii, Matrimony.com, expressed shock at the matchmaking apps’ removal from the Google Play Store.

Shaadi. Com CEO Anupam Mittal described it as a dark day for India’s internet, highlighting the possible broad effects on matchmaking services. He also called Google an evil.

While, Kuku FM Co-founder Vinod Kumar Meena in a statement had said that Google was behaving like a monopoly.

Meanwhile, Google temporarily withdrew the famous Indian payments app Paytm from the Play Store in 2020, claiming a few policy infractions. Due to this decision, the founder of the company as well as the larger startup community came together to build their own app stores and file lawsuits against Google.

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Anant Ambani says he is 100% lucky to get Radhika Merchant in his life

Anant Ambani said he was grateful to get Radhika as his life partner. He said he is 100% lucky to get Radhika Merchant in his life. He said every day he is falling more and more in love with her. He added although he had known Radhika for the last 7 years, it felt he had met her only yesterday. He thanked Radhika for everything.

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Anant Ambani and Radhika Merchant’s grand three-day wedding celebrations began with a glamorous cocktail night on Friday in Jamnagar. During the celebrations, Anant Ambani also gave a speech wherein he thanked his late grandfather Dhirubhai Ambani and grandmother Kokilaben Ambani for inspiring him. Anant Ambani said he was grateful to get Radhika as his life partner. He said he is 100% lucky to get Radhika Merchant in his life. He said every day he is falling more and more in love with her.

He expressed his gratitude to his mother for pulling together the lavish three-day wedding celebrations in Jamnagar. Anant thanked his mother for all she had done. He said all the arrangements had been done by his mother and nobody else. He added his mother had gone all out and she had worked 18-19 hours a day and he was extremely grateful to her.

He also thanked all the guests who were present there at the pre-wedding celebrations. He said everyone had made it to Jamnagar to make him and Radhika feel special. He said both of them were honored and humbled to have all of them present there. Anant said he was sorry if they had caused an inconvenience to anyone. He asked for forgiveness. He hoped everyone is going to enjoy the coming three days. He also thanked his mother, father, sister, brother, his sister-law and his brother in-law for making this event memorable.

Anant said everyone has been sleeping for less than 3 hours a day for the last 2-3 months and he was very happy to share this joy with everyone. The youngest Ambani talked about his personal struggles and how his parents had always supported him. He further added his life had not been entirely a bed of roses. He said he had also experienced the pain of thorns. He said he had faced many health crises.

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Facebook chief Mark Zuckerberg shares pictures from 2nd day of Anant Ambani and Radhika Merchant pre-wedding celebrations

Zuckerberg shared pictures from the 2nd day of Anant Ambani and Radhika Merchant’s pre-wedding celebrations. In the photograph Mark Zuckerberg can be seen along with his wife Priscilla Chan. The couple is exuding happiness as they prepare for the event. He captioned the picture it is getting wild out here.

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Facebook boss Mark Zuckerberg and wife Priscilla Chan joined the star- studded pre-wedding celebrations of Anant Ambani and Radhika Merchant in Jamnagar on Friday. The event was attended by many prominent figures from different fields. Zuckerberg took to his Instagram handle congratulated the couple and said he loved Indian weddings.

Zuckerberg shared pictures from the 2nd day of Anant Ambani and Radhika Merchant’s pre-wedding celebrations. In the photograph Mark Zuckerberg can be seen along with his wife Priscilla Chan. The couple is exuding happiness as they prepare for the event. He captioned the picture it is getting wild out here.

The theme of the opening day of the pre-wedding celebrations was Evening in Everland as the guests wore cocktail attire. The first day of the grand celebrations elevated the expectations of the guests for the following days. The theme of the 2nd day of the pre-wedding bash is known as a Walk on the Wildside and the guests can be seen in Jungle Fever attire.

Zuckerberg has opted for an animal print shirt with white trousers, Chan is complementing his look in a strappy one piece in black and golden. The Jungle theme is aligned to Vantara, Reliance’s animal welfare initiative undertaken and launched by Anant Ambani a few days back.

International pop star Rihana electrified the pre wedding celebrations on Friday with an amazing performance, marking her debut appearance in India. The chart topping artist engaged the audience with performances of her iconic hits which included Pour it Up, Work and Diamonds.

Zuckerberg graced the opening day, wearing a black-on-black firefly blazer and shoes from Alexander McQueen while his wife Priscilla wore a black gown with gold flower details and other accessories such as dainty chain bracelet, gold necklace and stud earrings. Mark Zuckerberg and wife Priscilla Chan are one of the Power couples invited from the global business community for the festivities currently underway at Jamnagar.

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