India Currency Steps
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RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
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India-Saudi Start Discussions On Trading In National Currencies: Centre
In recent times, India has taken substantial steps to promote the usage of its national currency.
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RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
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Court Asks RBI About Steps To Make Banking Services Friendly For Visually Impaired
The Delhi High Court on Tuesday asked the Centre and the Reserve Bank of India as to what steps they intend to take in future to make ATMs, online banking services and currency notes of Rs 50 and lower denominations, more user friendly for the visually impaired.
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India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
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On Notes Ban Anniversary, Arun Jaitley Says Confiscating Cash Wasn't Aim
Finance Minister Arun Jaitley posted a strong defence of demonetisation today as opposition parties seized the second anniversary of the move to rip into the government and even demand an apology from Prime Minister Narendra Modi. In a Facebook post, the minister described PM Modi's overnight ban on higher currency notes on November 8, 2016, as a "...
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Banks Not The Only Victims Of Fugitive Jewellers Nirav Modi, Mehul Choksi
Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...
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35,000 Firms Under Scanner For Depositing 17,000 Crores After Notes Ban
As it steps up the fight against illicit fund flows, so far names of around 2.24 lakh companies that have been inactive for long have been struck off from the official records and 3.09 lakh directors have been disqualified.
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India Hasn't Taken Adequate Steps To Ensure Firms Obey Anti-Money Laundering Laws: US Report
The US has commented on Prime Minister Narendra Modi's demonetisation move, saying that while one of the purposes cited by him was to counter terrorist activity funded by counterfeit currency, India has yet to implement laws effectively on criminal convictions or take steps to ensure companies are adhering to anti-money laundering rules.
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Dinakaran Arrested, Panneerselvam Camp To Step Up Pressure For Expulsion: 10 Points
Nephew of the jailed AIADMK General Secretary VK Sasikala, TTV Dinakaran was arrested by the Delhi Police around Tuesday midnight on charges of fixing a deal to bribe Election Commission officials to get the party's 'two leaves' election symbol allotted for the Amma faction that he led as his aunt's proxy. The Crime Branch believes that the 27-year...
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Demonetisation Was A Pre-Planned Move: Sumitra Mahajan
Lok Sabha Speaker Sumitra Mahajan today said that demonetisation of old Rs 500 and Rs 1000 currency was a pre-planned move especially in view of the steps initiated by the Narendra Modi government like the drive to open new Jan-Dhan accounts and direct benefit transfer.
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Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
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New Rules Are 'Desperate' Steps Of 'Desperate' Government: P Chidambaram
Dubbing the new rule on deposit of old currency notes as "desperate measures of a desperate government", former Finance Minister P Chidambaram today said hoarders have laundered their money while the poor and the middle class have been left high and dry.
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Why Not Deposit All In One Go, Says Finance Minister Arun Jaitley, On New Rs 5,000 Rule
After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries.
-
Currency Ban A Step To Make India Economic Superpower: Rajnath Singh
Describing demonetization as a step towards making India an economic superpower, Union Home Minister Rajnath Singh today said that only a courageous and far-sighted Prime Minister could have taken such a bold decision.
-
RBI's CBDC Yet Another Step in Taking Indian Payments Ahead, JPMorgan Blockchain Head Says
RBI's approach towards exploring the inclusion of the eRupee into the existing financial system has garnered applaud from Maveen Mallela, the global co-head of JPMorgan’s blockchain and digital currency unit called ‘Onyx’. The CBDCs is yet another step in taking Indian payments ahead, he said.
-
India-Saudi Start Discussions On Trading In National Currencies: Centre
In recent times, India has taken substantial steps to promote the usage of its national currency.
-
RBI Appointed Panel Suggests Steps For 'Internationalisation' Of Rupee
A Reserve Bank-appointed committee on Wednesday suggested a host of short-term and long-term measures for internationalisation of Indian rupee, including efforts for inclusion of the Indian currency in IMF's Special Drawing Rights (SDR) basket.
-
Court Asks RBI About Steps To Make Banking Services Friendly For Visually Impaired
The Delhi High Court on Tuesday asked the Centre and the Reserve Bank of India as to what steps they intend to take in future to make ATMs, online banking services and currency notes of Rs 50 and lower denominations, more user friendly for the visually impaired.
-
India Removed From US Currency Monitoring List, China Stays
The US Treasury Department has removed India from its currency monitoring list of major trading partners. It, however, continued to keep China on its watch list, while urging the Asian nation to take necessary steps to avoid a "persistently weak currency". Renminbi
-
On Notes Ban Anniversary, Arun Jaitley Says Confiscating Cash Wasn't Aim
Finance Minister Arun Jaitley posted a strong defence of demonetisation today as opposition parties seized the second anniversary of the move to rip into the government and even demand an apology from Prime Minister Narendra Modi. In a Facebook post, the minister described PM Modi's overnight ban on higher currency notes on November 8, 2016, as a "...
-
Banks Not The Only Victims Of Fugitive Jewellers Nirav Modi, Mehul Choksi
Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...
-
35,000 Firms Under Scanner For Depositing 17,000 Crores After Notes Ban
As it steps up the fight against illicit fund flows, so far names of around 2.24 lakh companies that have been inactive for long have been struck off from the official records and 3.09 lakh directors have been disqualified.
-
India Hasn't Taken Adequate Steps To Ensure Firms Obey Anti-Money Laundering Laws: US Report
The US has commented on Prime Minister Narendra Modi's demonetisation move, saying that while one of the purposes cited by him was to counter terrorist activity funded by counterfeit currency, India has yet to implement laws effectively on criminal convictions or take steps to ensure companies are adhering to anti-money laundering rules.
-
Dinakaran Arrested, Panneerselvam Camp To Step Up Pressure For Expulsion: 10 Points
Nephew of the jailed AIADMK General Secretary VK Sasikala, TTV Dinakaran was arrested by the Delhi Police around Tuesday midnight on charges of fixing a deal to bribe Election Commission officials to get the party's 'two leaves' election symbol allotted for the Amma faction that he led as his aunt's proxy. The Crime Branch believes that the 27-year...
-
Demonetisation Was A Pre-Planned Move: Sumitra Mahajan
Lok Sabha Speaker Sumitra Mahajan today said that demonetisation of old Rs 500 and Rs 1000 currency was a pre-planned move especially in view of the steps initiated by the Narendra Modi government like the drive to open new Jan-Dhan accounts and direct benefit transfer.
-
Minimum 10,000 Fine For Possession Of More Than 10 Banned Notes: 10 Updates
An ordinance or executive order was sent by the government today to President Pranab Mukherjee, which makes it a punishable offence to possess more than 10 banned notes of Rs 500 and Rs 1000. Any violation will be punished with a steep fine. Once signed off by the President, the new rule will come into effect from December 31. The 500- and 1,000-ru...
-
New Rules Are 'Desperate' Steps Of 'Desperate' Government: P Chidambaram
Dubbing the new rule on deposit of old currency notes as "desperate measures of a desperate government", former Finance Minister P Chidambaram today said hoarders have laundered their money while the poor and the middle class have been left high and dry.
-
Why Not Deposit All In One Go, Says Finance Minister Arun Jaitley, On New Rs 5,000 Rule
After tightening rules for depositing old 500 and 1000-rupee notes, Finance Minister Arun Jaitley said on Monday evening that no questions will be asked if any amount of scrapped currency is deposited in one go but repeated deposits may raise queries.
-
Currency Ban A Step To Make India Economic Superpower: Rajnath Singh
Describing demonetization as a step towards making India an economic superpower, Union Home Minister Rajnath Singh today said that only a courageous and far-sighted Prime Minister could have taken such a bold decision.
