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Mysterious Disappearance Of 500 Notes Worth 88,032.5 Cr Raises Security Concerns For Indian Economy

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While the Reserve Bank of India had a problem with an extra 339.95 million currency notes deposited in vaults between 1999-2010, more than the output of the government security printing presses, now, it is faced with an altogether different issue. While the mints issued 8,810.65 million pieces of the newly designed Rs 500 note, the RBI has only received 7,260 million.

Value of the missing notes is a staggering Rs 88,032.5 crore

No-one knows the whereabouts of the 1,760.65 million of Rs 500 notes which have mysteriously gone missing, taking into account the 210 million pieces printed in the Nashik mint between April 2015 and March 2016. The value of the missing notes is a staggering Rs 88,032.5 cr.

Despite repeated attempts, RBI spokesperson refuses to comment on the missing notes from RBI vaults

RBI spokesperson did not comment despite repeated attempts.

Data obtained under RTI

India prints its currency notes at three government mints – the Bharatiya Reserve Bank Note Mudran (P) Limited, Bengaluru, Currency Note Press, Nashik, and Bank Note Press at Dewas and sends them to the RBI vaults, for further distribution in the Indian economy.

According to data obtained under the Right to Information Act (RTI) by activist Manoranjan Roy, 375.450 million pieces of the newly designed Rs 500 note were printed by the Currency Note Press, Nashik, but RBI records having received only 345.000 million pieces printed between April 2015 and December 2016. In another RTI reply last month, the Currency Note Press, Nashik, said for the financial year 2015-2016 (April 2015-March 2016,) 210.000 million pieces of Rs 500 were supplied to the RBI when Raghuram Rajan was the RBI governor.

The Report of the Currency Note Press, Nashik, has shown the newly designed Rs 500 currency notes were supplied to the Central bank but the RBI annual report does not mention receiving any Rs 500 notes with the new design, in its Public Domain Annual Report on Currency Management. Further information provided by the Currency Note Press, Nashik, mentions 1,662.000 million pieces of the newly designed Rs 500 note were supplied to the RBI in 2016-2017.

Huge Mismatch

The Bharatiya Reserve Bank Note Mudran (P) Limited, Bengaluru, supplied 5,195.65 million pieces of Rs 500 to the RBI and the Bank Note Press, Dewas, supplied 1,953.000 million pieces to the RBI in 2016-2017, but the RBI has received only 7,260 pieces of the newly designed Rs 500 note from all three printing presses. There is a mismatch, as 8,810.65 million pieces of the newly designed Rs 500 note were printed by the three mints in all, but the RBI received only 7,260.000 pieces.

Missing pieces no joke

“The apex bank is indifferent to the harm caused to the Indian economy with such a huge mismatch in highdenomination Indian currency notes printed in the mints and the total received in the RBI vaults. The missing 1,760.65 million pieces is no joke. It raises security concerns about our Indian economy and its stability,” said Manoranjan Roy.

Activist has written to Central Economic Intelligence Bureau and ED

He has written to the Central Economic Intelligence Bureau and the Enforcement Directorate to investigate the irregularities in the millions of high-value currency notes printed in the three mints. Senior RBI officials have defended the mismatch, citing the huge logistics in the printing and supply of currency notes. But, it is strange it should take so long for notes to reach the RBI vaults.

Crime

UP Shocker: Mother Of 5 Children Dies After Beaten Up By 24-Year-Old Lover Over Breakup In Noida

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A mother of five children died after her 24-year-old allegedly beaten her up following a heated argument over breakup on Monday in Noida. According to reports, the victim has been identified as Neeraj. The police registered a case of culpable homicide not amounting to murder and arrested the accused boyfriend.

According to police, woman’s husband Satish, originally a resident of village Hathni Gud in Badaun district, works in a private company. He lives on rent in a house located in Mamura village with his wife Neeraj and five children. Neeraj had an extramarital affair with Arjun, a resident of village Sahpur in Shahjahanpur district who lived in the neighbourhood, for the past three years.

Arjun worked as a housekeeper in a private company located in Sector-59. Husband Satish was unaware of their affair. Neeraj went to meet Arjun in his room in the neighbourhood on Monday evening around 6 PM. Here, a fight broke out between the two about breakup. After the argument, Arjun physically assaulted Neeraj. During this, Neeraj became unconscious and fell to the ground.

Panicked Arjun rushed her to a nearby hospital, from where the woman was referred to Kailash Hospital. Seeing no improvement in her condition, the woman was referred to the district hospital, where doctors declared her dead.

After being alerted, police arrived and sent the body for the post-mortem. They also took boyfriend Arjun into custody. Family members allege that Arjun murdered Neeraj by strangulation.

According to police, the woman had married Satish about 13 years ago. The couple has five children. To educate the children, Satish brought Neeraj from his ancestral village to Noida about five years ago. While living in lane number eight, Neeraj became friends with Arjun, who lived in the neighbourhood. Gradually, the friendship between the two turned into a love affair. Arjun is 24 years old and unmarried.

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National News

Odisha Self-Immolation Case: Congress Workers Stage Protest Over Balasore Student’s Death Outside AIIMS Bhubaneswar

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Bhubaneswar (Odisha): Tensions flared outside AIIMS Bhubaneswar on Tuesday morning as Congress workers staged a protest following the death of a 20-year-old student from Balasore who had attempted self-immolation.

The protesting Congress workers were detained by police.

AIIMS Bhubaneswar Confirms The Death Of The Student

Earlier on Monday, the All India Institute of Medical Sciences (AIIMS) Bhubaneswar confirmed the death of the 20-year-old student from Fakir Mohan Autonomous College in Odisha’s Balasore, who had attempted self-immolation.

The Department of Burn Centre, AIIMS Bhubaneswar, said in a statement that the patient was brought to the casualty on July 12 and was referred from Balasore District Headquarters Hospital to AIIMS Bhubaneswar.

“She was admitted to the Burns Centre ICU. The patient was resuscitated with IV fluids, IV antibiotics, intubated and put on mechanical ventilation. Despite adequate resuscitation and all possible supportive management, including renal replacement therapy at the Burns ICU, she could not be revived and was declared clinically dead at 11:46 PM on July 14,” the statement said.

The 20-year-old student set herself on fire after allegedly facing prolonged sexual harassment by her college’s Head of Department. Despite lodging a formal complaint and seeking help from the principal, her pleas were ignored, leading to the tragic incident. The incident occurred at Fakir Mohan (Autonomous) College.

Odisha CM Mohan Charan Majhi Expresses Grief

Odisha Chief Minister Mohan Charan Majhi expressed grief and assured the family of the deceased that all those guilty in this case will face the strictest punishment as per the law.

In a post on X, CM Majhi said, “I am deeply saddened to hear the news of the demise of the female student from Fakir Mohan Autonomous College. Despite the government’s fulfilment of all responsibilities and the tireless efforts of the expert medical team, the victim’s life could not be saved. I pray for the eternal peace of her departed soul and beseech Lord Jagannath to grant strength to her family to bear this irreparable loss.”

“I assure the family of the deceased student that all those guilty in this case will face the strictest punishment as per the law. For this, I have personally issued instructions to the authorities. The government stands firmly with the family,” the Odisha CM emphasised.

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UP Rains Fury: 13 Dead, Villages Cut Off Amid Lightning Strikes, Floods In Bundelkhand & Purvanchal

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Torrential rains wreaked havoc across Bundelkhand and eastern UP on Saturday, claiming 13 lives and displacing hundreds. With no immediate relief in sight, multiple districts reported house collapses, electrocutions, and flood related isolation.

According to the meteorological department, Chitrakoot saw the highest rainfall at 216 mm, followed by Kanpur (126 mm) and Banda (115 mm). Rain continued through the night in many parts of Purvanchal, flooding homes and cutting off access in rural areas.

In Banda’s Badokhar area, lightning struck a mud house, killing one child and injuring two others. Another lightning strike in Kamaisin village killed a farmer. Across the state, five deaths were reported due to lightning, including in Azamgarh, Jaunpur, Chandauli, and Bhadohi.

In Chitrakoot, a wall collapsed as flash floods claimed three lives. In Mahoba, swelling rivers and overflowing drains cut off 20 villages, forcing residents to travel an extra 30 km for basic access. Schools and homes flooded, leaving children stranded. In Unnao, a youth died while planting paddy in a field during a lightning strike. Hamirpur recorded one fatality and multiple injuries from a similar incident, with fields turning into death traps amid the downpour.

Rescue efforts continued late into the evening, including the dramatic 10-hour rescue of a farmer stranded on an island in Banda after the Ranj river’s sudden rise. With more rain forecast through the week, residents brace for further disruptions and losses.

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