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PAN is mandatory to deposit Rs 2.5 lakh

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New Delhi- PAN is mandatory for cash deposits aggregating to Rs2 lakh 50 thousand  or more in bank accounts and it is also mandatory for cash deposit of over fifty thousand rupees in a single day in scheduled or a cooperative bank said Finance Ministry.In a statement ministry said, the additional requirement of quoting PAN has been made mandatory to avoid ill-gotten wealth or black money being converted into white during the 50-day window given for depositing the scrapped notes in bank accounts. 

Australian pre-schoolers can learn Hindi also
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Australian Minister for Education and Training Simon Birmingham  announced national rollout of an online programme for preschoolers to learn foreign languages for promoting languages other than English, including Hindi, from next year onward.The government would extend the programme to offer Australian preschoolers the opportunity to learn Italian and Spanish in 2017 and Hindi and Modern Greek in 2018 said Australian education minister.

RBI launches new Rs 500 notes for convenience of public
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Reserve Bank of India introduced the new notes of  500 rupees  in New Delhi for the convenience of the public.In a tweet ministry of Finance said, the new  500 notes was launched at SBI Parliament Street Branch.Meanwhile, the Finance Ministry also reviewed the position regarding availability and distribution of all denomination of bank notes.

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