India Currency Crisis
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Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
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Worst Of Inflation, Growth And Currency Crisis Behind Us: RBI Governor
Reserve Bank of India governor Shaktikanta Das today said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us
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Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
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RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
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"Exercise Caution, Examine Fuel Situation": India To Nationals In Lanka
At a time when Sri Lanka is facing a severe economic crisis and a steep currency depreciation, India on Thursday urged its nationals living in Sri Lanka to exercise caution and examine the currency convertibility and fuel situation.
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Ukraine Crisis: Russians Liquidating Crypto in the UAE as They Seek Safe Havens
Crypto firms in the UAE are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.
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Ukraine Crisis: G7 Looks to Stop Crypto Assets’ Use as Russia Sanctions Dodge Punitive Measures
The Group of Seven industrialised nations are examining ways to stop individuals or companies targeted by Western sanctions over Russia's invasion of Ukraine using cryptocurrencies to dodge the punitive measures, Germany's finance minister said.
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Probe Agency Raids 6 Locations Over IL&FS Crisis
The Enforcement Directorate (ED) Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis and seized foreign currency worth Rs 6 lakh, officials said.
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Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
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Make Demonetisation Effective From April 2017: Jagan Reddy To PM Modi
YSR Congress president Y S Jaganmohan Reddy today suggested that implementation of demonetisation of high-value currency be made effective from April 1, 2017, to overcome the prevailing currency crisis and to ensure a sustainable transformation to a cashless economy.
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Thieves Ignore Rs 500, Rs 1,000 Notes In Maharashtra; Prefer Change
Thieves and robbers have not been left immune from the crisis after demonetisation of high value currency notes, as evident from incidents in various parts of Maharashtra.
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Hunger Games: Eating Out Becomes Latest Casualty In Cash-Starved Delhi
Several restaurants in Delhi are witnessing thin attendance as pockets run dry after the centre's currency ban on 500 and 1,000 rupee notes.
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On Day 3, Anger, Chaos On Currency Ban As Banks Struggle To Dispense Cash
Serpentine queues, agitated crowd and more chaos was witnessed as cash-starved people struggled to exchange and withdraw money today.
-
Arvind Kejriwal Attacks PM, Says BJP Alerted Its Friends On Currency Ban
Delhi Chief Minister Arvind Kejriwal is addressing the media amid the demonetisation move and crisis at ATMs across country.
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In Bihar, Police Keep Eye On Maoists Trying To Exchange Old Notes
Policemen in plainclothes have been deployed and those in uniform alerted to keep a close watch for Maoists who try to exchange their old currency notes with new ones, police officials said today.
-
Pakistan Needs To Repay $77 Billion Debt To China, Saudi Arabia By 2026: Report
Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
-
Worst Of Inflation, Growth And Currency Crisis Behind Us: RBI Governor
Reserve Bank of India governor Shaktikanta Das today said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us
-
Turbulent Year for Cryptocurrencies Could Spur Progress Towards Regulatory Norms for Digital Assets in 2023
Cryptocurrency could see more regulatory norms in 2023, after a year of turbulence that saw the collapse of massive trading platform FTX. The Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said last month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "...
-
RBI Governor Says Next Financial Crisis Will Come from Private Cryptocurrencies
RBI governor Shaktikanta Das said on Wednesday that the next financial crisis would be caused by private cryptocurrencies. He also added that digital currencies have no underlying value and pose risks for macroeconomic and financial stability, and reiterated his view that they should be banned.
-
"Exercise Caution, Examine Fuel Situation": India To Nationals In Lanka
At a time when Sri Lanka is facing a severe economic crisis and a steep currency depreciation, India on Thursday urged its nationals living in Sri Lanka to exercise caution and examine the currency convertibility and fuel situation.
-
Ukraine Crisis: Russians Liquidating Crypto in the UAE as They Seek Safe Havens
Crypto firms in the UAE are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.
-
Ukraine Crisis: G7 Looks to Stop Crypto Assets’ Use as Russia Sanctions Dodge Punitive Measures
The Group of Seven industrialised nations are examining ways to stop individuals or companies targeted by Western sanctions over Russia's invasion of Ukraine using cryptocurrencies to dodge the punitive measures, Germany's finance minister said.
-
Probe Agency Raids 6 Locations Over IL&FS Crisis
The Enforcement Directorate (ED) Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis and seized foreign currency worth Rs 6 lakh, officials said.
-
Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
-
Make Demonetisation Effective From April 2017: Jagan Reddy To PM Modi
YSR Congress president Y S Jaganmohan Reddy today suggested that implementation of demonetisation of high-value currency be made effective from April 1, 2017, to overcome the prevailing currency crisis and to ensure a sustainable transformation to a cashless economy.
-
Thieves Ignore Rs 500, Rs 1,000 Notes In Maharashtra; Prefer Change
Thieves and robbers have not been left immune from the crisis after demonetisation of high value currency notes, as evident from incidents in various parts of Maharashtra.
-
Hunger Games: Eating Out Becomes Latest Casualty In Cash-Starved Delhi
Several restaurants in Delhi are witnessing thin attendance as pockets run dry after the centre's currency ban on 500 and 1,000 rupee notes.
-
On Day 3, Anger, Chaos On Currency Ban As Banks Struggle To Dispense Cash
Serpentine queues, agitated crowd and more chaos was witnessed as cash-starved people struggled to exchange and withdraw money today.
-
Arvind Kejriwal Attacks PM, Says BJP Alerted Its Friends On Currency Ban
Delhi Chief Minister Arvind Kejriwal is addressing the media amid the demonetisation move and crisis at ATMs across country.
-
In Bihar, Police Keep Eye On Maoists Trying To Exchange Old Notes
Policemen in plainclothes have been deployed and those in uniform alerted to keep a close watch for Maoists who try to exchange their old currency notes with new ones, police officials said today.
