currency

Weakening of rupee will allow NRIs to send more money back home

Weakening of rupee will allow NRIs to send more money back home

July 17, 2018

Inward payments are expected to grow the in the next few months in India, especially from the Middle East, the US and Southeast Asian countries amid a falling rupee following the recent shifts in the foreign exchange market and India’s external debt crossing the half-trillion m...

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Demonetisation hitting hard on Indian microfinance sector

Demonetisation hitting hard on Indian microfinance sector

December 23, 2016

Demonetisation has affected the debit-credit culture of the entire nation. Urban and rural poor of India are both suffering the heat, but in their own ways.

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Industrial workers in India to get cashless payments

Industrial workers in India to get cashless payments

December 13, 2016

As India is witnessing a spurt in digital payments after high-denomination currency notes were discontinued in early November this year, the government has now made it obligatory for contractors and employers to pay industrial workers through cheques or any other form of cashless...

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Wedding Paradox: Does demonetisation tick the right boxes?

Wedding Paradox: Does demonetisation tick the right boxes?

December 5, 2016

Marriage ceremonies are lavish and ostentatious affairs for the rich and well-to-do. For Indian business barons and politicians, the display of opulence begins with the wedding invite, demonetisation or no demonetisation! As the common man struggled to withdraw his hard-earned mo...

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Indian vegetable market slows down

Indian vegetable market slows down

December 3, 2016

Post demonetisation of currency bills of INR 500 and INR 1,000 in India, the country is already in a state of turmoil and the situation has changed for the worse as the vegetable wholesale and retail market is now witnessing a monumental economic crisis.

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Revisions introduced in taxation laws in India

Revisions introduced in taxation laws in India

December 1, 2016

After the Indian government demonetised INR 500 and INR 1,000 currency bills last month to grapple with the circulation of black money in the country, people in India found new ways to hide their undeclared earnings. Thus, in the wake of demonetisation and corruption, the governm...

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Demonetisation: Soiled currency bills to the rescue!

Demonetisation: Soiled currency bills to the rescue!

November 25, 2016

When was the last time you tried to avoid a soiled currency note or made faces when somebody tried to short-change your money with soiled notes? When was the last time people refused soiled notes that you tried to desperately get rid of? You might want to rethink now.

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Indian government relaxes withdrawal norms

Indian government relaxes withdrawal norms

November 18, 2016

As demonetisation of INR 500 and INR 1,000 currency notes in India left the people with insufficient money to trade for daily necessities, the government has announced relaxations for farmers, families celebrating weddings, government employees and agricultural traders.

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Indian PM seeks support of perturbed citizens

Indian PM seeks support of perturbed citizens

November 15, 2016

As India is in a state of turmoil after demonetisation of INR 500 and INR 1000 currency bills in the country, Prime Minister Narendra Modi addressed the citizens from Goa asking people for their support and to give him some time to settle the chaos.

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Demonetisation of currency bills causes chaos within India and beyond

Demonetisation of currency bills causes chaos within India and beyond

November 11, 2016

The sudden announcement by Indian Prime Minister Narendra Modi on the new measure of demonetisation to deal with black money and fake currency bills has left the country divided.

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RBI Governor announces repo rate cut in India

RBI Governor announces repo rate cut in India

October 7, 2016

In a surprising announcement, current RBI Governor Urjit Patel informed the country about RBI’s decision of slashing the repo rates.   The announcement for a rate cut came as the first policy statement made by Urjit Patel since he took the position of the Governor of the R...

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Indian economy may escalate by 7.8 pc in 2017

Indian economy may escalate by 7.8 pc in 2017

July 21, 2016

According to a recent report by the Asian Development Bank (ADB), the Indian economy may grow by 7.4 pc in the current fiscal period and by 7.8 pc in 2017, despite the challenges.

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