National News
Mysterious Disappearance Of 500 Notes Worth 88,032.5 Cr Raises Security Concerns For Indian Economy
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
School bus driver shot at in MP’s Dabra; 50 terrified children on board witness crime

Gwalior, Sep 12: In a shocking incident, a school bus driver was shot at by two youths following a dispute over a car parked in the middle of the road in Dabra town of Gwalior district on Saturday morning. Alarmingly, there were around 50 schoolchildren in the bus at the time of the incident who were left terrified after witnessing the crime, police said.
The incident occurred near Badi Akbai village under Pichhore police station limits when the bus belonging to Glorious Convent School, Tekanpur, was taking children to school.
According to police, a Swift car was parked in the middle of the road, obstructing traffic.
Unable to move forward because of the car parked in an awkward manner, bus driver Khem Singh sent his helper to ask the occupants to move the vehicle.
However, the men allegedly refused to move the vehicle, saying the car had run out of fuel.
When Singh got down and suggested that the car be pushed aside to clear the road, the youths allegedly became angry and an argument followed.
One of them allegedly pulled out a country-made pistol and fired four rounds at Singh. Pellets hit him near the eye and on the cheek, leaving him injured. The accused then fled from the spot.
The injured driver was initially taken to a hospital in Dabra and later referred to Gwalior for further treatment.
Pichhore SHO Shivam Singh Rajawat said the car had tinted windows and the word “Gurjar” was written on its rear windshield.
The firing took place while around 50 children were inside the school bus, triggering concern over their safety.
The children were reportedly terrified after the sudden gunfire and the attack on their driver.
SDOP Saurabh Kumar said police teams were working to identify and arrest the accused.
CCTV footage from the area is also being examined to trace their movements.
Police have launched an investigation into the incident and are questioning witnesses to establish the circumstances leading to the firing.
Crime
Two convicted in 5.25-kg opium trafficking case in Aurangabad

Patna, Sep 12: The Narcotics Control Bureau (NCB), Patna Zonal Unit, has secured the conviction of two men in a drug trafficking case involving the seizure of 5.250 kg of opium in Bihar’s Aurangabad district.
The contraband was seized on February 24, 2021, following specific Intelligence received by the NCB.
Acting on the information, officers intercepted accused Pramod Prasad at Ramabandh Bus Stand in the Town Police Station area of Aurangabad and recovered 5.250 kg of opium, which he had allegedly concealed in his clothes.
According to the NCB, the opium had been sourced from Daltonganj in Jharkhand and was being transported to Aurangabad in Bihar.
The case was registered as NCB Patna Zonal Unit Crime No. 04/2021 under provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985.
During the subsequent investigation, the alleged supplier, identified as Bikesh Kumar Gupta, was also arrested.
The NCB said its investigation gathered evidence that was subsequently presented before the court to establish the involvement of both accused.
The 1st Additional District and Sessions Judge-cum-Special Judge (NDPS Act), Aurangabad, found Pramod Prasad, a resident of Imamganj in Gaya district, and Bikesh Kumar Gupta alias Bikash Kumar Gupta, a resident of Panki in Palamu district of Jharkhand, guilty of offences under the NDPS Act.
The court sentenced both men to 10 years of rigorous imprisonment and imposed a fine of Rs 1 lakh each under the applicable Sections.
The court further directed that, in case of failure to pay the fine, each convict would undergo an additional one year of simple imprisonment.
The NCB attributed the conviction to the investigation and prosecution conducted by its officers and said it remains committed to curbing illicit drug trafficking and preventing drug abuse.
The Bureau has also appealed to members of the public to share information about the illegal trafficking of narcotic drugs and psychotropic substances through the MANAS portal or helpline number 1933.
The NCB said the identity of informants would be kept strictly confidential.
International News
Major diplomatic breakthrough after India-led efforts as BRICS countries reach consensus on Joint Statement

New Delhi, Sep 12: In a “major diplomatic breakthrough”, despite sharply divergent geopolitical positions among members, BRICS countries have reached consensus on a Joint Statement which is expected to be released later on Saturday on the first day of the 18th BRICS Summit being hosted by India at Bharat Mandapam in New Delhi.
According to sources, India led sustained consultations and intensive negotiations from Friday till as late as 4 AM Saturday, making efforts to bridge competing positions and build consensus among members.
“The negotiations saw differences on several contentious issues. India led sustained consultations to bridge competing positions and build consensus among members. The breakthrough assumes particular significance given that Iran, Saudi Arabia and the UAE are all part of the same forum, despite deep differences and competing positions on several regional and geopolitical issues,” a source mentioned.
“Against the backdrop of ongoing conflicts and heightened tensions in West Asia, securing consensus among countries such as Iran, Saudi Arabia and the UAE presented a particularly complex diplomatic challenge. India’s diplomatic prowess ensured that these differences did not derail the BRICS process, paving the way for a consensus Joint Statement despite sharply divergent geopolitical positions among member countries,” the source added.
Experts continue to hail India’s BRICS chairship considering how New Delhi has successfully navigated historic BRICS deadlock amid ongoing global conflicts.
Amid escalating tensions between Iran and the United Arab Emirates (UAE), the BRICS ministerial summit held in the national capital in May concluded without issuing a customary joint statement for the first time in the bloc’s history.
Instead, India had released only a Chair’s Statement and Outcome Document after deep divisions between Iran and the UAE prevented consensus among member nations.
All this while, India and Prime Minister Narendra Modi have backed pursuing dialogue and diplomacy to resolve conflicts while highlighting at the same time that this is not an era of war and solution will not emerge from the battlefield.
At the same time, just like it during its G20 Presidency, BRICS chair India batted strongly to push interests of the Global South without turning the grouping anti-West.
“BRICS is also where India’s balancing act faces its toughest test. It remains contested terrain. The expansion of the grouping, resisted by both India and Brazil, has made consensus harder. Beneath the larger membership lies a familiar divide: India and Brazil largely see BRICS as an economic platform, while China and Russia see it as a geopolitical one,” a recent report in Australia-based ‘The Interpreter’ detailed.
It noted that India views itself as a reformist power rather than a revisionist one, pushing for a greater role in global governance, a permanent seat on the UN Security Council, and more influence over financial and technological rulemaking. It seeks to alter parts of the international order while preserving a system that has been central to its own rise.
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