The fiscal crisis brought about an increased burden on monetary policy and different countries met it in different ways.
With Naxals watching the highways, cash to Bastar banks comes via copter.
The Supreme Court on Friday refused to tinker with the move to do away with the use of now-defunct high-value currency notes for public utilities, in government hospitals and for rail tickets.
A key reason for the rise in crypto currencies in 2023 is the possibility of the world's first Bitcoin ETF over the next few months.
While the current headcount reduction has more to do with slowing demand, the rise of artificial intelligence will impact jobs in the future.
Referring to demonetisation of high value currency notes, Jaitley said it was well received as 'imandari ka utsav.'
The department will impose a penalty, which could be between 30 per cent and 120 per cent.
Congress on Thursday dubbed as 'vulgar display of money' in politics the garlanding of Uttar Pradesh Chief Minister Mayawati with currency notes.
Taking suo moto cognisance of the allegedly multi-crore currency note garland bestowed upon Bahujan Samaj Party (BSP) supremo Mayawati at the party rally on Monday, the Income-Tax department issued notice to her, while her minister quoted the value of the garland at "just Rs. 21 lakh".
A lot of time is spent on giving us the background of the story and establishing the characters but the film is named Kalki and the man is not even born, notes A Ganesh Nadar.
The last two I-T teams left the premises, one each in Odisha and Jharkhand, carrying with them a number of seized "incriminating documents" and data cloned from electronic gadgets in the early morning hours.
Two policemen in uniform in Gujarat were caught on camera dancing with a woman and showering currency notes on her at a wedding function here, prompting police authorities to order a probe.
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.
Jaitley said the Rs 500 and Rs 1,000 notes returned to currency chests of the RBI amounted to Rs 12.44 lakh crore
A higher-than-expected consumer price inflation (CPI) print for March in the US has dashed hopes of an interest rate cut by the US Federal Reserve (US Fed) in June. Analysts now expect the US central bank to start cutting rates in September, provided inflation remains in check and oil prices remain supportive. The markets, analysts believe, partially factored in this possibility.
Peeved over the widespread criticism over the currency note garlands she was busy flaunting around, Uttar Pradesh chief minister Mayawati on Thursday gave marching orders to her close confidante Vijay Shankar Pandey, who was principal secretary (information and public relations).
For withdrawals through cheque, the weekly cap has been hiked to Rs 24,000 from Rs 20,000
The government has admitted that the problem of fake currency is alarming and dangerous.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
The country's forex reserves dropped by a further $2.166 billion to $584.74 billion for the week ended October 6, the RBI said on Friday. India's forex kitty had gone down by $3.79 billion to $586.91 billion in the previous week. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.
The huge garland that Mayawati wore at a public rally caused the disruption of the Lok Sabha on Tuesday even as the estimated value of the currency notes of which it was made varied from Rs 21 lakhs to Rs 15 crore.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
In a sharp retort to the Congress party's tirade against the flaunting of a currency note garland by Uttar Pradesh Chief Minister Mayawati at a recent Bahujan Samaj Party rally in Lucknow, state Public Works Department minister Naseemuddin Siddiqui on Thursday fished out a photograph of Congress president Sonia Gandhi wearing a currency note garland.
"If the defence minister thinks that by examination and change in currency (demonetisation), the storm, which has erupted here, will die down, then he has a misconception. This storm will not die down. Whatever they do, this storm is there and after exams, they will see that the storm will rise once again."
According to analyst firm RedSeer, the absence of cash on delivery has hit daily e-commerce sales by 30% over the past few days.
India's forex reserves dropped further by $3.79 billion to $586.91 billion for the week ended September 29, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had declined by $2.33 billion to $590.70 billion as of September 22. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
Fund redemption and rising import bills would continue to put pressure on the Indian currency.
Despite failing to secure a simple majority in Parliament, we will continue to see him on TV, newspapers, magazines, bill boards, vaccination certificates, railway stations, bus shelters, airports, sea ports, on the highway and on rural roads, sighs A Ganesh Nadar.
After Uttar Pradesh Chief Minister Mayawati, Bihar Member of Rajya Sabha Ejaj Ali was garlanded with currency notes by his supporters in Patna on Wednesday, soon after his arrival from New Delhi.
Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.
The RBI 'assured people' that enough cash in small denominations is also available at banks.
Enforcement Directorate officials who recovered over Rs 17 crore from the residence of a businessman in Kolkata, found 10 trunks on the spot.
The new IS currency comes in several denominations of gold, silver and copper.
The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written.
'Why should my vaccine certificate, which I got paying my own money, have the picture of the prime minister?'
India's forex reserves jumped by $4.039 billion to $598.89 billion for the week ended September 1, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had dropped by $30 million to $594.86 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.
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, argues Shyam G Menon.
Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.
