Paper currency was first developed in China in the Tang Dynasty during the seventh century, and was later introduced in the Mongol Empire, Europe and America.
Bonds are an excellent diversification tool for those looking for stability and tax-saving. But they also carry certain risks. It is advisable to find out the reputation of the borrower as well as your risk appetite before investing.
The central bank has ordered lenders to clean up balance sheets by March 2017
'My turnover is in crores. I am not going to sit down with IT officials, explaining where I got the notes from.' 'I would rather wait a few days for business to come back to normal.'
'It seems that the BJP in its desire to catapult Modi onto the international stage, knowing the image deficit due to visa denials, has caused unhappiness in Tamil Nadu, uncertainty in Bangladesh and a churning in Pakistan that Sharif may or may not be able to control,' says Ambassador K C Singh.
The note ban is Modi's make-or-break gambit for 2019. Opposition leaders see a vulnerability and won't gift pre-eminence to the Congress, says Shekhar Gupta.
Congress' chances of survival in the state do not look promising, says Aditi Phadnis
India is Asia's other bad debt headache.
Why the Bihar defeat can be the best thing for him as PM, but only if he has the humility to read the writing on the wall, says Shekhar Gupta.
Amid souring ties, the president visited Beijing for three days. On his return to India, a hope of better ties has arisen, says senior correspondent R Rajagopalan, who travelled with Pranab Mukherjee to the Asian superpower.
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