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Major News and Events of 25 August 2017

What Happened on 25 August 2017


RBI issues bright yellow rupees 200 note

The Reserve Bank of India (RBI) announced that it would issue Rs 200 notes on Friday. This new Rs. 200 note is the second new denomination to be issued since the demonitisation exercise. The base color of the Rs. 200 note will be bright yellow. It will bear the signature of Urijit Patel, the RBI governor on the front. The note will have the 'Swachh Bharat' logo with slogan along with a motif of Sanchi Stupa on the reverse side. The new note is smaller than the existing 100 note with dimensions of 66mmx146mm. As per the experts, the new 200 note will improve the efficiency of the present currency system in India. In a statement, the RBI said, “There is a logical need to introduce the missing denomination of Rs. 200, which will make the present currency system more efficient.” The new Rs 200 notes is called the 'missing middle' by the chief economic advisor of SBI group Soumya Kanti Ghosh.

BJP President Amit Shah and Smriti take oath as Raja Sabha members

Amit Shah, the president of the Bharatiya Janata Party, along with Union Minister Smriti Irani took oath as the member of the Upper House. Both the leaders were administered the oath in the chamber of Rajya Sabha Chairman, M. Venkaiah Naidu. The president of the BJP is making his debut in the Upper House after winning the Gujarat Rajya Sabha elections earlier this month. While Smriti Irani took her pledge in Sanskrit, the party chief took his oath in Hindi. Amit Shah and Smriti Irani were accompanied by Finance Minister Arun Jaitely, Minister of External Affairs Sushma Swaraj, Law Minister Ravi Shankar Prasad, Parliamentary Affairs Minister Ananth Kumar, Food Minister Ram Vilas Paswan, to name a few.




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