ANSWER: Mangalyaan
Explanation:
The RBI on 8th Nov 2016 issued a new series of notes for INR 500 and 2000 rupee denominations with newer sizes and improved features. - New designs will be visually impaired by having features making it accessible for all sections.
- The INR 2000 rupees note which is the first under the denomination will be called the Mahatma Gandhi (New) Series and has a design of the low cost mission to Mars, the Mangalyaan on the reverse.
- The base colour of the note will be magenta.
- The banknotes in the Mahatma Gandhi New Series will not carry the inset letter and the year of printing 2016 will be on the banknote’s reverse. It will also bear the signature of Dr. Urjit R Patel.
- Note has other designs, geometric patterns aligning with overall colour scheme at obverse and reverse.
- The only security features of the INR 2000 note include latent images, coloured strip security threads, watermarks and other features.
- The rumour of a tracking chip on notes is untrue.
- The new design in the INR 500 rupee note denomination will be a different colour, size, theme and pattern and have a new set of security features.
- The note will be stone grey in colour and the predominant theme will be Delhi’s Red Fort.
- Government has further said that demonetisation scheme is to ban INR 500 and 1000 notes currently in circulation and deposits up to INR 2 lakh will be below the taxable income.
- Clarification also said government will get reports of cash deposits above INR 2.5 lakh made between Nov 10 and Dec 30.
- Deposits made above INR 10 lakh will be treated as cases of tax evasion and along with imposing an additional penalty of 200 percent will be levied on deposits that do not match tax declarations.
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