A viral claim said that Rs.500 currency notes will be discontinued by 2026. However, the government clarified that the RBI has not made any such announcement, calling the rumour completely baseless and misleading.
The Supreme Court of India dismissed criminal proceedings against HDFC Bank, ruling that a corporation cannot possess mens rea, or criminal intent, needed for liability under the IPC. The court emphasized that the bank officials acted inadvertently in misinterpreting orders, lacking evidence of malicious intent or misappropriation, thus quashing the FIR.
Today(on 23rd July), The Karnataka High Court issued a notice to the State government on a petition by Union Bank of India for a CBI probe into alleged fund misappropriation by the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation. This follows allegations of Rs. 90 crore being transferred from the Corporation’s account. The next hearing is scheduled for August 7.
