Vistara, the joint venture carrier between Tata Sons and Singapore Airlines said in a tweet that "tickets sold at airport ticket counters with Rs 500 and Rs 1,000 currency notes are strictly non-refundable", Budget carrier IndiGo also issued a similar notice.
Terming the government's move to withdraw 500/1,000 rupee notes as a bold and powerful one he said it is a measure to fight black money and fake notes that is financing terrorism.
As many as 16.5 billion notes of Rs 500 denomination are in circulation now while 6.7 billion Rs 1,000 notes are in market. Lala, who reached Varanasi from Lucknow late in afternoon after inspecting process of currency exchange at SBI branches in east UP district, said, "Neither the scarcity of currencies in denominations of Rs 100, Rs 50, Rs 20 and Rs 10 nor any panic was evident among people queued up to exchange their notes anywhere". "The RBI has been concerned about the growing menace of the fake Indian currency notes which has been increasing in numbers", Patel said.
New notes of Rs 500 and Rs 2000 with greater security features and design will be circulated from November 10.
Urjit Patel, Reserve Bank of India (RBI) addressing a press conference after speech by the Prime Minister Narendra Modi, highlighted that RBI had been working on the expected demand for the new currency notes. "However, we are sure that government and RBI will take adequate measures to ensure the transition happens smoothly", he added. The new series of notes, called the Mahatma Gandhi series of notes, are also Braille-compliant with lines on the side that enable blind people to ascertain their denomination easily.
Hermansville holds march to honor vets for Veterans Day
On Friday, she and her friends celebrated six years of watching their husbands march in the Las Vegas Veterans Day Parade. D'Antonio said federal grants could offset some of the costs, and we should certainly pursue whatever is available.
He further said that the "long shadow of ghost economy" has been a problem and for the real economy to grow the parallel economy must go.
In case the Reserve Bank of India does not replace it, you can ask the Central government to give you the equivalent value of this currency as it is guaranteed by the Central government.
"As per regulation, we can only sell non-refundable tickets for cash", an AirAsia spokesperson said in an email.
As per media reports the new Rs 2000 notes will have a chipset embedded with nano-technology which will be helpful in tracking the notes.