Rs. 500 and Rs. 1000 notes cease to be legal tender.
India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel high-value denominations should be discontinued to curb black money.
The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a *NGC (Nano GPS Chip)*
How the embedded NGC Technology Works?
The unique feature of the NGC is it doesn't need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC can't be tampered with or removed without damaging the currency note
How will this help eradicate black money menace?
Since every NGC embedded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation
"Just a beginning of the end of black money in India."
St. Xavier's High School,Gandhinagar,Sec 8
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his is a fact that the school life is the best part in a person's life & it is also a fact that ' its unforgettable too,and these three words have a great relation & bounding among them because a school life is always unforgettable for everyone, either it
Hope the New Year showers you with.. All that is beautiful! Happy New Year!
15/10/2016
"Radhiyali Raat 2016" Garba Night at St.xavier's High School,Sec 8. Hope you guys will Enjoy. | 15th Oct 2016 | 6:00 PM
02/09/2016
Birthday Celebration, Happy birthday to Fr. Hector .....
02/09/2016
The Gandhinagar Champions of U-17 Subroto Mukarji Cup 2016(JULY-2016)
Congratulations To All The Players....
21/07/2015
ST.Xaviers Champion's of U-17 ( Female )Subroto Mukharji Cup.
20/07/2015
Proud Moments..:
Fr Hector completed his 20 years in our school(St.xaviers high school,gandhinagar,sec 8) as a principal.......
Congratulations Father....
02/07/2015
congratulation to all xavierites .proud moments .
This time 100% Result of 12th Science...
Spectacular performance by 12th Science Students......
01/07/2015
celebrating 1st yoga day in school.
Happy Holi to all Xavierites....
31/12/2014
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Sec 8
Gandhinagar
382007