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Currency Reserve Arrangement

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RBI defends Rs 2000 note exchange exercise in court, says not demonetisation

The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was......

The Politics Of Majboori

Demonetisation and Agniveer reveal the two mindsets India has become.In both these government schemes, one sees a desire to play the country like an orchestra anchored by conductor/conductors,......

'China is ahead of India because our political leadership was behind'

'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down?......

US vision of Lanka very different from 'predator' China: Pompeo

America's vision on Sri Lanka is "very different" from that of "predator" China, United States Secretary of State Mike Pompeo said in Colombo on Tuesday as he met the leadership in Colombo and......

India is in a coma. Does Modi care?

'Flypasts, bands, helicopters dropping flowers over hospitals treating coronavirus patients are cute ideas for an Akshay Kumar film.''But when lakhs of workers at the lowest rung of the employment......

Rs 2,000 notes: RBI is cautious not to repeat mistakes of 2016 demonetisation

The Reserve Bank on Monday advised banks to provide shade from the sun and water to customers waiting to exchange or deposit Rs 2,000 notes. It can be noted that during the note ban in 2016, there......

No form or identity proof required for exchanging Rs 2,000 notes

No form or requisition slip is required for exchange of Rs 2,000 notes up to a limit of Rs 20,000 at a time as part of exercise to withdraw high-value currency notes from circulation. Photograph:......

India's unabated tryst with Russian crude oil is slowly coming to an end

India’s unabated tryst with Russian crude oil is slowly coming to an end. Photograph: Amit Dave/Reuters The time has come for Indian refiners to navigate, creatively, the choppy waters of......

REVEALED: How RBI Operated During Covid

200 staffers, consisting of RBI officials and support teams, who are essential to perform critical functions, were isolated at a separate facility in a dedicated quarantined environment near all......

Why Raghuram Rajan Raced At RBI

The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank......

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