Cash Ban

The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21

Trading in cryptocurrencies has been banned in China since 2019 to prevent money laundering as leaders try to stop people from shifting cash overseas.

Four years after he announced a surprise decision to replace nearly 86 per cent of all of India's cash sending shockwaves through the economy which is yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move, saying it had reduced corruption and increased transparency.

The new Facebook feature is very similar to TikTok’s style of video format including the swipe-up scroll for next video. We were able to spot this feature in our Facebook app and it seems to be available for Indian users largely. However, it may not be available for all users in India and Facebook may just be testing it with a subset of users, be...

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.

Senior Congress leader Digvijaya Singh on Friday claimed the ruling Bharatiya Janata Party had made so much money during demonetisation that it was now "buying" MLAs.

The ED said Friday that it has imposed a penalty of Rs 15 lakh on three alleged terrorist organisation operatives and has confiscated cash worth Rs 7 lakh in a 17-year-old terror funding case linked to the banned outfit Lashkar-e-Toiba (LeT).

CPI(M) general secretary Sitaram Yechury today said demonetisation was done to "whitewash" black money, amid reports that the current cash in circulation has jumped by more than 19 per cent from the pre-note ban days.

Maharashtra's tough rules for dance bars have been relaxed by the Supreme Court, which said today "liquor and dance can co-exist". Noting that no dance bar license has been handed out since 2005, the top court said Maharashtra "can't just ban dance bars by trying to regulate them". The court struck down rules like such establishments can't come up ...

Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.

Demonetisation was thought to be a way of reducing the misuse of money during elections but the ground reality is different, says OP Rawat, who retired last week as Chief Election Commissioner. More cash was seized after the notes ban compared to previous elections, Mr Rawat told news agency ANI.

Days after the Agriculture Ministry confidently arrived at a conclusion that the overnight notes ban in November 2016 led to a cash crunch and hurt farmers, it has now come up with a new assessment that says exactly the opposite.

China is raising the cash rewards paid to citizens for reporting pornographic and "illegal" publications to authorities, government regulators said Friday.

Two years after India's Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy.

The value and volume of bank notes in circulation had increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21

Trading in cryptocurrencies has been banned in China since 2019 to prevent money laundering as leaders try to stop people from shifting cash overseas.

Four years after he announced a surprise decision to replace nearly 86 per cent of all of India's cash sending shockwaves through the economy which is yet to fully recover, Prime Minister Narendra Modi on Sunday defended the move, saying it had reduced corruption and increased transparency.

The new Facebook feature is very similar to TikTok’s style of video format including the swipe-up scroll for next video. We were able to spot this feature in our Facebook app and it seems to be available for Indian users largely. However, it may not be available for all users in India and Facebook may just be testing it with a subset of users, be...

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.

Senior Congress leader Digvijaya Singh on Friday claimed the ruling Bharatiya Janata Party had made so much money during demonetisation that it was now "buying" MLAs.

The ED said Friday that it has imposed a penalty of Rs 15 lakh on three alleged terrorist organisation operatives and has confiscated cash worth Rs 7 lakh in a 17-year-old terror funding case linked to the banned outfit Lashkar-e-Toiba (LeT).

CPI(M) general secretary Sitaram Yechury today said demonetisation was done to "whitewash" black money, amid reports that the current cash in circulation has jumped by more than 19 per cent from the pre-note ban days.

Maharashtra's tough rules for dance bars have been relaxed by the Supreme Court, which said today "liquor and dance can co-exist". Noting that no dance bar license has been handed out since 2005, the top court said Maharashtra "can't just ban dance bars by trying to regulate them". The court struck down rules like such establishments can't come up ...

Former Chief Economic Advisor Arvind Subramanian said the autonomy of the Reserve Bank of India must be protected because the country will benefit by having strong institutions.

Demonetisation was thought to be a way of reducing the misuse of money during elections but the ground reality is different, says OP Rawat, who retired last week as Chief Election Commissioner. More cash was seized after the notes ban compared to previous elections, Mr Rawat told news agency ANI.

Days after the Agriculture Ministry confidently arrived at a conclusion that the overnight notes ban in November 2016 led to a cash crunch and hurt farmers, it has now come up with a new assessment that says exactly the opposite.

China is raising the cash rewards paid to citizens for reporting pornographic and "illegal" publications to authorities, government regulators said Friday.

Two years after India's Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy.