There’s something big afoot in the Bitcoin world. It’s important enough for the smooth and ruthless sharks of Wall Street to take notice and turn uneasy. Bitcoins have always been treat
It will take another two to three weeks for ATMs to get recalibrated in order to dispense new currency notes of Rs 500 and 2,000 denominations, said finance minister Arun Jaitley on Saturday.
The man standing in front of me shifted his weight from his left leg to the right leg. A minute later he gazed forlornly at the serpentine queue outside the ATM, adjusted his spectacles and shifted
“It’s a war; it’s a mahayajnya. You have to decide on whose side you are.” -- M Venkaiah Naidu, in parliament on November 17 In
While the nation struggles to adapt to changes since demonetisation, foreign media has been widely covering the Narendra Modi government’s move and the public’s response.
By far the most sweeping change in currency policy that has occurred anywhere in the world in decades: that’s what former US treasury secretary and Harvard economist Lawrence H Summers along
After prime minister Narendra Modi announced demonetization on November 8, people were allowed to use the old currency notes at government hospitals, railway ticketing, public transport, airline ti
Someone breathlessly said: “Mobile ATM has come. Mobile ATM has come.” The message had an electrifying effect on the employees. Amid whoops of joy, they promptly went scurrying out of t
Prime minister Narendra Modi has asked all MPs and MLAs of his party to come clean, and declare their bank transaction details to the party chief. Somewhat like demonetisation itself, it is pointle
As part of the government, how do you look at demonetisation? It’s by far the bold… the boldest of all the steps, in line with several other steps the g
Like many of us in India, Kenneth Rogoff, a Harvard professor and former chief economist at IMF, backs the logic behind India’s demonetisation and balks at its implementation.
On November 8, the Government of India announced its decision to pull high-value currency notes of Rs. 500 and Rs. 1,000 denomination out of circulation, with immediate effect. A detailed procedure
How do you see demonetisation as a way of curbing black economy? Demonetisation is not the way to tackle black economy. The reason is that the black money is in circulation
Reasons given for demonetisation To control counterfeit notes that could contribute to terrorism To undermine or eliminate black econom
Demonetisation has been testing the patience of the public across the country. Imphal, the capital of Manipur, is no exception.
Dr KC Chakrabarty, former deputy governor, Reserve Bank of India, headed currency management at the central bank before taking premature retirement in March 2014. Known for his frank an
If you are planning to file a revised income tax return following demonetisation, then be warned. The income tax department will be looking out for manipulation or fudging and such cases may be tak
The government has initiated numerous steps to combat the scourge of corruption and black money in the last two and a half years, said NITI Aayog CEO Amitabh Kant on Thursday. Addres
India is in the throes of an unprecedented social experiment in enforced digital disruption, and the world has much to learn from it, said an article: ‘India’s Botched War on Ca
The Indian government has audaciously put the demonetisation show on the road, though with little consideration of infrastructural, banking and connectivity back-up. After making his own set of pol
A close friend, stock market wizard and intellectual sparring partner, also a Marvel Comics and Stan Lee fan, has been keenly following the demonetisation debate in media and elsewhere. &ld
One thing consistent about demonetisation has been the ever-changing rules. Monday saw a new rule in place. One can now deposit the scrapped currency of Rs 500 and Rs 1,000
The longer run impact of demonetisation on formal domestic remittances could be significant. Following up on a major financial inclusion initiative (Jan Dhan Yojana) and new payments banks, this mo
Liquidity conditions have undergone large shifts in Q3 so far, said the Reserve Bank of India which added that surplus conditions in October and early November were overwhelmed by the impac
Mangal Bhai Rama Harijan is a craftsman from Kawada village, 50 kilometres from the Great Rann of Kutch in Gujarat, the place where India’s most prominent cultural festival takes place every
People may recall the passionate justification that prime minister gave on November 8 when he announced the decision to demonetise currency notes of Rs 500 and Rs 1,000 denomination. The entire cou
There are considerable uncertainties over the potential positive effects of demonetisation, said global ratings agency Fitch. “Most importantly, demonetisation is a one-off event. People th
If fighting black money is the aim, demonetisation is the wrong weapon, says India’s largest and oldest business body. “Demonetisat
“As regards death of currency, it is not a new subject. It has been predicted right from early 1950s,” said R Gandhi, deputy governor Reser
It has been decided to conduct a field trial with plastic banknotes at five locations of the country, said Arjun Ram Meghwal, minister of state in the finance ministry in the Lok Sabha.
As much as Rs 15.28 lakh crore out of Rs 15.44 lakh crore of the scrapped currency has come back, the Reserve Bank of India said on Wednesday. RBI released its annual report 2017 whic
The Reserve Bank of India (RBI) on Wednesday the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.
As media reports spoke of ATMs across the country going dry, Congress leader Rahul Gandhi took a dig at the government even as the finance ministry reviewed the situation and blamed it on “un
When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This c