Bank Notes

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

Why were bank officials not probed in Sekhar Reddy case, Madras High Court asks CBI

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.

GDP decline: Govt plans Rs 50,000 cr stimulus, may widen fiscal deficit target to 3.7%, says report

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.

Reserve Bank unlikely to cut repo rate today, says Reuters poll

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.

Narendra Modi’s decision to curb fake currency inflow was a calculated strategy

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.

Rs 500, Rs 1,000 currency notes scrapped: Here's what you can do

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.

Fight against forgery gets boost from invisible nano barcode

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