Search For "currency"
"UPI is a wonderful example of how India can do things itself," Toby Walsh
Updated : 2 years, 9 months ago IST
While talking about his meeting with Prime Minister Narendra Modi, the professor said, "UPI is a wonderful example of how India can do things itself and really create a world-leading product and that probably is the future of currency."
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Exchange of Rs 2,000 notes starts today; Here's all you may need to know
Updated : 2 years, 9 months ago IST
Last Friday, the Reserve Bank of India (RBI) decided to withdraw the Rs 2000 denomination currency notes from circulation, but added they (currency notes) will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2000 denomination banknotes with immediate
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Punjab National Bank clarifies Aadhar, ID cards not required to exchange R
Updated : 2 years, 9 months ago IST
The Reserve Bank of India on May 19 withdrew the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender.
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Gold worth over Rs 67 lakh seized at Trichy airport
Updated : 2 years, 9 months ago IST
The official said that the gold was seized from a male passenger who arrived from Kuala Lumpur on Monday.
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PM Modi was not in favour of Rs 2000 notes, gave reluctant permission as d
Updated : 2 years, 9 months ago IST
Prime Minister Narendra Modi was not in favour of Rs 2000 notes coming into circulation but reluctantly agreed to it after he was told that there was a lack of capacity to print smaller currency notes as demonetisation has to be done in a limited time, Nripendra Misra, former Principal Se
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"System has adequate currency notes, no reason to worry": RBI Governor on
Updated : 2 years, 9 months ago IST
Noting that there is no reason for worry over the move to withdraw Rs 2000 notes, which continue as legal tender, Reserve Bank of India Governor Shaktikanta Das has said the central bank has "more than adequate" notes of other denominations available
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"Rs 2000 currency note in 2016 was a foolish move", says ex-Finance Minist
Updated : 2 years, 9 months ago IST
The former finance minister on Monday said that he was glad that the "foolish move is being withdrawn at least 7 years later".
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Rs 2,000 note withdrawal decision is disruption of economic system: AAP MP
Updated : 2 years, 10 months ago IST
Commenting on the withdrawal AAP lawmaker Sanjeev Arora said, "Withdrawal of these banknotes is a disruption of the economy. Withdrawal of currency notes at regular intervals doesn't give a positive outlook of the economy in the eyes of investors and other countries."
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India's forex reserves almost touch USD 600 bln, hit one-year high
Updated : 2 years, 10 months ago IST
In October 2021, the country's foreign exchange reserves touched an all-time high of about USD 645 billion.
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No forms, ID cards needed for exchange of Rs 2000 banknotes: SBI
Updated : 2 years, 10 months ago IST
"Please arrange accordingly and extend all cooperation to members of the public so that the exercise is conducted in a smooth and seamless manner without any inconvenience to the public," SBI said in its communication.
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Ex-Chief Economic Advisor tweets why decision to withdraw Rs 2,000 currenc
Updated : 2 years, 10 months ago IST
According to him, his first reason was that: "The Rs 2000 notes are not being used much as a medium of exchange. In fact, they currently constitute only 10.8 per cent of Currency In Circulation (CiC)."
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This will not affect common man: Ex-CEA on Rs 2000 note withdrawal
Updated : 2 years, 10 months ago IST
According to the former CEO, the 2000 notes are not in use in the everyday life of the common people and its cash in circulation is only 10 per cent. "Secondly, most of the common people do digital transactions," Subramanian said.
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