Bank Notes News
RBI to release new 'greenish-yellow' Rs 20 bank notes; earlier currency will continue to be legal tender
The Reserve Bank of India (RBI) has announced that it will shortly issue Rs 20 denomination bank notes.
Demonetisation: Move to trash black money proves expensive; printing cost of bank notes rose to nearly Rs 8,000 cr in 2016-17
The expenditure on printing of notes during 2015-16 (the year prior to demonetisation) was Rs 34.21 billion, Finance Minister Arun Jaitley said in a written reply to the Rajya Sabha.
New banknotes: Decoding the rich history and culture of the country reflected through Indian currency
After the demonetisation of the Rs 500 and Rs 1,000 currency notes on 8 November, 2016, we've seen five new currency notes from Reserve Bank of India (RBI).
Cash crunch: Bank unions blame govt, RBI and threaten agitation; planned move could worsen customer woes
Bank employees are facing the wrath of the public for a problem created by the government and the Reserve Bank, the All India Bank Employees Union said
Madras HC asked the CBI why did it not probe bank officials, when its case was that demonetised notes were changed with their help by Sekhar Reddy and two others.
Even though industrial output posted a modest recovery in July, 15 of 23 manufacturing industries recorded a contraction, adding to concerns over the state of the economy.
To justify a rate cut this year, the RBI would likely need more comfort on consumer prices, either through a slump in food costs or an easing of core inflation, which has stayed at around 5 percent for several months.
November inflation expected to hit 14-month low at 3.9% as demonetisation hits consumption, says poll
With the central bank passing up the opportunity to make a rate cut in December, despite cooling inflation, a February move could be on the menu
Demonetisation: Privacy laws need to be in place before giving the biggest push to digital transactions
Demonetisation is currently the trending buzzword in India. The recent withdrawal of Rs 500 and Rs 1000 notes has driven most people to cashless transactions in order to get on with their day to day lives. Cashless transactions certainly have their benefits.
In yet another ‘surgical strike,’ Prime Minister Narendra Modi on Tuesday evening announced that Indian currency in the denominations of Rs 500 and Rs 1,000 would cease to be legal tender from the midnight of 8 November.
Prime Minister Narendra Modi on Tuesday announced drastic measures to curtail black money, declaring Rs 500 and Rs 1,000 currency notes as illegal from midnight.
Scientists in the United States have made an invisible version of square modern barcodes using nanoparticles and fluorescent ink to help in the fight against