Mo Bobat, Director of Cricket at Royal Challengers Bengaluru, spoke about how one should be interpreting data and what should be used from the heap that is available currently in the cricketing ecosystem.
RBI has printed 16,957 million pieces of Rs 500 notes and 3,654 million pieces of Rs 2,000 notes as on December 8.
The RBI added roughly 3 tonnes in 2025, taking its gold reserves to 879 tonnes as of January 31, 2025.
RBI clarified that all pre-2005 notes continue to remain legal
With the introduction of polymer notes, the government aims at ending the menace of counterfeit currency in the next five years, reports Vicky Nanjappa
The template is the top secret plate which is used for printing the currency.
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The Central Bureau of Investigation has arrested an Reserve Bank of India official and a JDS leader K C Veerendra, who is also a casino owner, in connection with separate cases relating to alleged illegal conversion of currency post-demonetisation.
There is no guarantee that if we speak in only Indian languages, all our faults will be washed away and India will shine. Why then do they bully and belittle the English-speaking? asks Shyam G Menon.
A huge amount of foreign currency was seized during raids at a transit home of 17th Karmappa Ugyen Trinley Dorje at Sidhbari near Dharamsala.
The esoteric world of international finance is resonating with the clash of currencies, says
The Finance Ministry should encourage local manufacturing of currency paper to check counterfeits and exempt its production from excise duty, a high level committee has said.
The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public. On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. "The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 9,760 crore as at the close of business on November 30, 2023," the RBI said in a statement.
Shares of Tata Consultancy Services (TCS) declined after the information technology (IT) major reported a 1.3 per cent sequential drop in net profit for the March quarter, prompting several brokerages to cut their target prices. The TCS stock fell as much as 1.26 per cent during the day to Rs 3,205 per share.
Both denominations are printed at the old rates
With the introduction of new notes, India will have denominations of Rs 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2000.
Blowing a hole into the Union government claims that terror funding had been badly hit by the demonetisation of Rs 1,000 and Rs 500 notes, the new currency notes were recovered from the possession of the terrorists who were killed in an encounter in Jammu and Kashmir.
Centre wanted to push the Banking Regulation Bill, the Opposition wanted to discuss stalking case.
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
The circulation of fake currency notes is on the rise in Andhra Pradesh and what the police fear is the growing proximity between Naxals and terrorists. Vicky Nanjappa reports
Gowda cited the Central government's directive, according to which hospitals have been asked to accept old currencies till November 24, but in vain.
"There can be a situation where a person has lost his/her money for no fault," SC said.
Hindalco's India business, including Utkal Alumina, reported good results for the January-March quarter of the financial year 2024-25 (FY25) and consolidated earnings before interest, taxes, depreciation, and amortisation (Ebitda) also rose. Earnings growth was driven by favourable pricing, lower input costs and lower tax outgo for Novelis.
The bright yellow coloured notes will hit the market just a day after the announcement by Finance Minister Arun Jaitley that the government has given a go-ahead to the RBI to issue the new currency bill.
Centre says the very object of demonetisation and elimination of black money will be defeated if a fresh window is given.
Looking for a way out, property developers deal in banned notes.
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
"Available inputs suggest that fake Indian currency notes are printed in a neighbouring country and pushed into India through neighbouring countries," Minister of State for Finance Namo Narain Meena told the Rajya Sabha in a written reply.
The central bank had earlier estimated the value of old Rs 500 and Rs 1,000 notes received, as on June 30, 2017, at Rs 15.28 trillion.
To stop repeat money exchangers thronging banks with invalid currency notes, banks have started applying indelible ink mark on the right hand index finger of customers in the select metro cities.
Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the "State of the Economy" in the Reserve Bank of India (RBI) monthly bulletin said.
The government on Friday said gains from fake currency business are going abroad through the hawala route and admitted that the quality of fake currency has gone up with better imitation of security features.
"I have made no cash deposit in my account since November 8. I see no reason to offer any special explanation for the same [for making the deposit now]. I normally like and wait for the queues to end.
Many travellers are now opting for domestic destinations like Goa, Kerala, Rajasthan, Lakshadweep, Himachal Pradesh, and the North East.
Some genius assumed that a 2,000 note could seamlessly replace 500s and 1000s in ordinary transactions. If that genius had consulted an actual chai-wallah, he might have thought twice, argues Devangshu Datta.
Addressing a workshop of state police nodal officers, Vijay Shankar suggested better cooperation between the state police and the central security agencies to chalk out a plan to deal with such criminals, who indulge in printing fake currency.
'Could the impending new crisis, vibe coding, similarly create not a disaster like what befell Indian handlooms during the Industrial Revolution but another opportunity like what the Y2K crisis created?' asks Ajit Balakrishnan.
The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.
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