Latest news with #new
Mint
17-05-2025
- Business
- Mint
RBI to release ₹20 banknotes with new RBI Governor Sanjay Malhotra's signature — All you need to know
The Reserve Bank of India (RBI) on Saturday, May 17, 2025, announced that the central bank is soon set to release new ₹ 20 banknotes with the Governor Sanjay Malhotra's signature on them, according to the official release. As per the release, the ₹ 20 notes will be similar in all other aspects, including design, to the new series of notes circulating in the nation, except for the new governor's signature. 'The Reserve Bank of India will shortly issue ₹ 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor. The design of these notes is similar in all respects to ₹ 20 banknotes in Mahatma Gandhi (New) Series,' said the RBI in an official statement. The central bank also assured the citizens that all the banknotes which contain the denomination of ₹ 20 issued by RBI in the past will continue to hold legal tender in India. 'All banknotes in the denomination of ₹ 20 issued by the Reserve Bank in the past will continue to be legal tender,' said the Reserve Bank of India in the official statement. According to the RBI's official website, the Mahatma Gandhi (new) Series of ₹ 20 banknotes have the dimensions of 63 mm x 129 mm, with the base colour in 'Greenish Yellow.' The note has an illustration of the Ellora Caves on the back, highlighting India's national heritage, along with other designs and geometric patterns which align with the base colour scheme. People who are owning Indian currency notes can follow the below mentioned 14-step process to ensure they are having a legal banknote which is backed by the nation's Reserve Bank of India. Step 1: Left side see-through register in denomination numeral. Left side see-through register in denomination numeral. Step 2: The Main ' ₹ 20' numeral on the left is written in Devanagari script. The Main ' 20' numeral on the left is written in Devanagari script. Step 3: Portrait of Mahatma Gandhi at the centre of the bank note. Portrait of Mahatma Gandhi at the centre of the bank note. Step 4: Micro letters of 'Bharat' (in Hindi) and 'India' written near the Gandhi portrait. Micro letters of 'Bharat' (in Hindi) and 'India' written near the Gandhi portrait. Step 5: Windowed demetalised security thread with 'Bharat' (in Hindi) and 'India' written on it.
Mint
17-05-2025
- Business
- Mint
RBI to release ₹20 banknotes with new RBI Governor Sanjay Malhotra's signature — All you need to know
The Reserve Bank of India (RBI) on Saturday, May 17, 2025, announced that the central bank is soon set to release new ₹ 20 banknotes with the Governor Sanjay Malhotra's signature on them, according to the official release. As per the release, the ₹ 20 notes will be similar in all other aspects, including design, to the new series of notes circulating in the nation, except for the new governor's signature. 'The Reserve Bank of India will shortly issue ₹ 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor. The design of these notes is similar in all respects to ₹ 20 banknotes in Mahatma Gandhi (New) Series,' said the RBI in an official statement. The central bank also assured the citizens that all the banknotes which contain the denomination of ₹ 20 issued by RBI in the past will continue to hold legal tender in India. 'All banknotes in the denomination of ₹ 20 issued by the Reserve Bank in the past will continue to be legal tender,' said the Reserve Bank of India in the official statement. According to the RBI's official website, the Mahatma Gandhi (new) Series of ₹ 20 banknotes have the dimensions of 63 mm x 129 mm, with the base colour in 'Greenish Yellow.' The note has an illustration of the Ellora Caves on the back, highlighting India's national heritage, along with other designs and geometric patterns which align with the base colour scheme. People who are owning Indian currency notes can follow the below mentioned 14-step process to ensure they are having a legal banknote which is backed by the nation's Reserve Bank of India. Step 1: Left side see-through register in denomination numeral. Left side see-through register in denomination numeral. Step 2: The Main ' ₹ 20' numeral on the left is written in Devanagari script. The Main ' 20' numeral on the left is written in Devanagari script. Step 3: Portrait of Mahatma Gandhi at the centre of the bank note. Portrait of Mahatma Gandhi at the centre of the bank note. Step 4: Micro letters of 'Bharat' (in Hindi) and 'India' written near the Gandhi portrait. Micro letters of 'Bharat' (in Hindi) and 'India' written near the Gandhi portrait. Step 5: Windowed demetalised security thread with 'Bharat' (in Hindi) and 'India' written on it. Step 6: RBI Governor's signature for the Guarantee clause. RBI Governor's signature for the Guarantee clause. Step 7: Portrait and electrotype watermark of Mahatma Gandhi. Portrait and electrotype watermark of Mahatma Gandhi. Step 8: Number panel on the top left side and bottom right side, ranging from small to big size. Number panel on the top left side and bottom right side, ranging from small to big size. Step 9: Ashoka pillar emblem on the right. Ashoka pillar emblem on the right. Step 10: Year of printing on the left side of the back of the banknote. Year of printing on the left side of the back of the banknote. Step 11: Language panel at the centre of the banknote's backside. Language panel at the centre of the banknote's backside. Step 12: 'Swachh Bharat logo' with the slogan on the back. 'Swachh Bharat logo' with the slogan on the back. Step 13: Illustration of the Ellora Caves at the back. Illustration of the Ellora Caves at the back. Step 14: Top right ' ₹ 20' will be written in Devnagari script.
Boston Globe
30-04-2025
- Business
- Boston Globe
Stalled redevelopment of R.I.'s iconic ‘Superman' building leaves downtown Providence in limbo
Get Rhode Map A weekday briefing from veteran Rhode Island reporters, focused on the things that matter most in the Ocean State. Enter Email Sign Up It hasn't had a tenant since Bank of America Advertisement In 2022, owner High Rock Development and its principal, David Sweetser, Instead, three years after Advertisement The project, originally pegged at $220 million, has ballooned to at least $308 million. Meanwhile, the value of the building has dropped 58 percent since Newton, Mass.-based High Rock purchased it in 2008, to just $13.5 million. It's a scenario playing out in commercial spaces around the country. In Boston, office towers are Many projects around New England are still moving forward. But Superman has always been more of a challenge, said 'With the turmoil in the financial markets, investors are re-examining where they invest, and they will back away first on the most uncertain projects — like Superman," Godfrey said. The empty Superman building has been vacant for 12 years since Bank of America moved out in 2013. John Tlumacki/Globe Staff Located at 111 Westminster St., the Superman building towers over the city center, 400 feet away is Superman's vacancy 'is devaluing the other properties around it,' said Mayor Brett Smiley. 'It is making it harder for the other downtown businesses to stay in business because there's nobody buying lunch, dropping off their dry cleaning, looking for a place to get their dog groomed.' Advertisement The Superman building is located in the center of Providence #g-Providence_snapshot-box , #g-Providence_snapshot-box .g-artboard { margin:0 auto; } #g-Providence_snapshot-box p { margin:0; } #g-Providence_snapshot-box .g-aiAbs { position:absolute; } #g-Providence_snapshot-box .g-aiImg { position:absolute; top:0; display:block; width:100% !important; } #g-Providence_snapshot-box .g-aiSymbol { position: absolute; box-sizing: border-box; } #g-Providence_snapshot-box .g-aiPointText p { white-space: nowrap; } #g-Providence_snapshot-Artboard_1 { position:relative; overflow:hidden; } #g-Providence_snapshot-Artboard_1 p { font-family:georgia,'times new roman',times,serif; line-height:22px; opacity:1; letter-spacing:0em; font-size:18px; text-align:left; color:rgb(0,0,0); text-transform:none; padding-bottom:0; padding-top:0; mix-blend-mode:normal; font-style:normal; font-weight:regular; height:auto; position:static; } #g-Providence_snapshot-Artboard_4 { position:relative; overflow:hidden; } #g-Providence_snapshot-Artboard_4 p { font-family:georgia,'times new roman',times,serif; line-height:14px; opacity:1; letter-spacing:0em; font-size:14px; text-align:left; color:rgb(0,0,0); text-transform:none; padding-bottom:0; padding-top:0; mix-blend-mode:normal; font-style:normal; font-weight:regular; height:auto; position:static; } #g-Providence_snapshot-Artboard_4 .g-pstyle0 { opacity:0.75; } #g-Providence_snapshot-Artboard_4 .g-pstyle0 { padding-bottom:1px; } .diptextpic_cap_cred { font-family: "BentonSansCond-Regular", "Arial Narrow", "Helvetica", sans-serif; font-size: 10px; letter-spacing: .5px; text-align: right; margin: 10px 10px 0px 0px; font-weight: 200; color: black; display: block; width: 100%; } .theme-dark .diptextpic_cap_cred { color: #fff; } #g-Providence_snapshot-Artboard_4 { display: block; /*Show the mobile version by default*/ } #g-Providence_snapshot-Artboard_1 { display: none; /*Hide the tablet and desktop versions*/ } @media (min-width: 700px) { #g-Providence_snapshot-Artboard_1 { display: block; /*Show desktop version once screen width hits 700px*/ } #g-Providence_snapshot-Artboard_4 { display: none; /*Hide the mobile version*/ } } One Financial Plaza Superman building US District Court City Hall Kennedy Plaza Track 15 One Financial Plaza Superman building US District Court City Hall CHRISTINA PRIGNANO/GLOBE STAFF. Image: Google Earth Bob Burke, the owner of French restaurant Pot au Feu, used to work on the 18th floor in the 1970s and 1980s, when the building was 'a symbol of prosperity and pride.' Now, he said, it's 'an eyesore, derelict, rundown.' 'Every year we have to watch the building suffer more abuse in the name of the owner getting more and more money,' said Burke. Providence Mayor Brett Smiley looks out his City Hall office window at the still-vacant Superman Building. John Tlumacki/Globe Staff The redevelopment's survival currently hinges on a low-interest loan of up to $236 million from the US Department of Transportation. A letter obtained by the Globe sent by the DOT seven days before President Biden left office said the agency made a 'preliminary determination' that the project was eligible for the Railroad Rehabilitation and Improvement Financing program. But President Trump's Department of Transportation says the project is under 'eligibility review,' looking for 'any major statutory, regulatory, financing, or timing issues that would prevent the project from receiving assistance.' It's unclear when the Trump administration will make a decision. Bill Fischer, High Rock's longtime spokesman, said conversations between the developer and the DOT are 'productive and ongoing.' 'We're really in a holding pattern,' said R.I. Commerce Secretary Liz Tanner, whose agency negotiated the 2022 deal. 'We still have confidence the Trump administration is going to do right by businesses and development, but there's just a lot of uncertainty right now,' Tanner said in early April. 'The last few weeks, what's happening federally is making us wonder whether we're going to be able to get it to the finish line or not.' But the project delays started long before Trump. Advertisement David Sweetser, principal at High Rock Development, which owns the Industrial Trust building, announces a plan to redevelop the property into housing on April 12, 2022. He has declined interviews with the Globe since. Matthew Healey for The Boston Globe High Rock declined repeated requests for an interview with Sweetser. Fischer also refused to be interviewed or answer basic questions about when construction might begin and end, or how large of a financing gap remains. If federal dollars are awarded, the 'last piece of the puzzle' would be a sales tax relief bill pending in the state Legislature, lobbyist Nick Hemond wrote to lawmakers in early April. The legislation would allow developers to be reimbursed for sales tax on construction materials, even if they've received the maximum $15 million from Rebuild Rhode Island, a state subsidy. The sales tax relief is worth $4.6 million to the Superman project. Governor Dan McKee, who won praise for inking the deal three years ago, declined to be interviewed. He But 'They've got to find another way to fill the gap,' he said. The project's fiercest champion at the State House, Senate President Dominick Ruggerio, The value of the Superman building has dropped 58 percent since High Rock bought it in 2008, to just $13.5 million this year. John Tlumacki/Globe Staff Joe Paolino, a one-time Providence mayor who owns properties near Superman, suggested officials sit down with the heads of banks to cut a deal with High Rock. 'This is not a bailout,' said Paolino. 'This is trying to save an iconic, historic structure.' The project could either be of 'tremendous value' to the city, Smiley said, or a 'tremendous liability' if it doesn't happen. Providence provided a Advertisement The state promised $26 million from a host of taxpayer-funded programs. Providence also pledged a $5 million grant and $10 million low-interest loan. The project also relies on $24 million in federal tax credits. Despite that, 'we just haven't seen the level of effort needed to get this project off the ground,' said state Representative In exchange for the subsidies, the developer agreed to make 20 percent of the apartments affordable for middle-income tenants. Some work started in 2023, when Sitting on the rooftop deck of his downtown home, developer Buff Chace said he knows that Sweetser's heart is still in the project, but it's a complicated one. 'Imagine 500 people permanently move into that building,' he said. 'That's what downtown needs. Downtown's future depends on it.' Some nights, when the sun is going down and an orange glow hits the limestone on the Superman just right, Chace snaps a picture. 'I'll send it to David, and say: 'Keep going,'' Chace said. Alexa Gagosz can be reached at
