Top news of the day: RBI to withdraw ₹2000 notes from circulation; Supreme Court-appointed expert panel says SEBI probe into Adani row drew a blank, and more
The Hindu
Top news updates from The Hindu on May 19, 2023
RBI decides to withdraw ₹2,000 note from circulation
The RBI, on May 19, decided to withdraw ₹2,000 note from circulation, however, the banknotes will continue to be a legal tender. The RBI added that members of the public may deposit ₹2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch. Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions. Exchange facility for the ₹2,000 notes up to ₹20,000 at a time would be available from May 23, 2023, and will continue till September 30, the central bank said. The RBI has advised banks to stop issuing ₹2000 denomination banknotes with immediate effect.
SEBI probe into Adani drew a blank: Supreme Court-appointed panel
A six-member expert committee — constituted by the Supreme Court in the Hindenburg-Adani allegations case and headed by former Supreme Court judge, Justice A.M. Sapre — said that the Securities Exchange Board of India (SEBI) has “drawn a blank” and is in a “chicken-and-egg situation” in its investigation into the “ownership” of 13 overseas entities, including 12 Foreign Portfolio Investors (FPIs). The 173-page report said, “SEBI has found 42 contributories to the assets under management of the 13 overseas entities. Various avenues have been pursued - including ED, CBDT and various market regulators in the seven jurisdictions where the contributories are situated. SEBI has drawn a blank”.
Supreme Court defers scientific survey to determine age of ‘shivling’ found at Gyanvapi mosque
The Supreme Court on May 19 deferred the implementation of a direction given by the Allahabad High Court on May 12 to conduct carbon dating and scientific survey of the “shivling” allegedly found in the Gyanvapi mosque premises in Varanasi. A three-judge Bench headed by Chief Justice of India DY Chandrachud said the “implications of the May 12 order would require closer scrutiny”. The carbon dating and scientific survey of the disputed structure was supposed to be held on May 22. The apex court ordered the exercise to be put on hold till the next date of hearing before it.
Siddaramaiah, Shivakumar in Delhi to discuss Karnataka Cabinet formation, allocation of portfolios
Families of Red Fort blast victims await government compensation, facing financial struggles and lack of communication from officials.
Uttar Pradesh deletes 2.89 crore names from draft voter list; voters can contest deletions starting January 1, 2026.
The Union and State governments provided support in several ways to the needy people, but private institutions should also extend help, especially to those requiring medical assistance, said C.P. Rajkumar, Managing Director, Nalam Multispeciality Hospital, here on Saturday. Speaking at a function to honour Inspector General of Police V. Balakrishnan and neurologist S. Meenakshisundaram with C. Palaniappan Memorial Award for their contribution to society and Nalam Kappom medical adoption of Type-1 diabetic children, he said the governments implemented numerous welfare programmes, but the timely help by a private hospital or a doctor in the neighbourhood to the people in need would go a long way in safeguarding their lives.
Mannargudi residents demand urgent road repairs due to prolonged sewage work causing dangerous potholes and safety risks.
Vizianagaram's real estate booms in 2025, driven by infrastructure growth and affordable housing near Visakhapatnam.
Depleted workforce hinders GRH’s ability to maintain standards of premier tertiary institution
DMK firmly rejects Congress's demand for power-sharing in Tamil Nadu ahead of the 2026 Assembly elections.
Indian officials refute Bangladeshi claims of Hadi’s killers fleeing to Meghalaya, asserting the suspects have not crossed the border.
DGCA warns airline operators to enhance preparedness and compliance with safety regulations to ensure aviation safety and passenger convenience.
Fort Kochi will celebrate New Year's with Pappanji effigies set ablaze at two venues for enhanced crowd management.
Congress announces application details for GBA elections, with reduced fees for women and deadlines set for January 15.
Union Minister Gajendra Singh Shekhawat urges Sonia Gandhi to return Nehru's letters to the Prime Ministers' Museum for national heritage.
Gautam Adani praises Sharad Pawar as a mentor, inaugurating an AI center and signing an MoU for development initiatives.