Rbi On Currency Ban
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Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
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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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India Calls for Global Support to Regulate Crypto as RBI Favours Ban, Details Here
Indian finance minister Nirmala Sitharaman told the parliament on Monday that the RBI favours a ban on cryptocurrencies. The development comes at a time when the tax laws around virtual digital assets went live in India, slashing trade volumes on Indian exchanges. At this point, India still awaits laws on the crypto sector.
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RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
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Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
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Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
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Nepal Writes To RBI To Declare New Indian Currency Legal In The Country
Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to media report on Sunday.
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Where's The Black Money? Almost All Banned Notes Returned: Foreign Media
Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.
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Air Force Spent 29 Crore To Ferry Currency After Notes Ban: RTI
Over Rs 29.41 crore was spent on using the Indian Air Force's ultra-modern transport aircraft - the C-17 and the C-130J Super Hercules - to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply.
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RBI Ban On Crypto-Currencies Banking Services Challenged In Delhi Court
The Delhi High Court has sought the response of the Centre, the RBI and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from providing any service in relation to virtual currencies such as 'crypto-currencies'.
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'Bed Of Cash': Nearly Rs 100 Crore In Banned Notes At Kanpur Home
Banned notes worth crores, making up a "bed" of cash when stacked up, were found on Tuesday at a house in Uttar Pradesh's Kanpur. The cash had to be stuffed into five big steel trunks, gunny bags and cartons by officials of the Reserve Bank of India (RBI) and the UP police.
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Demonetisation Anniversary: RBI Says Still Working Double Shifts To Verify Every Note
Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said.
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Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
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Government Rules Out New Window To Deposit Scrapped Notes
The government said that it had expected all the annulled currency to be returned, in line with the latest RBI data.
-
RBI Revelations On Notes Ban Point To Big Scam: Mamata Banerjee
Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.
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Your Top 6 Questions On Withdrawal Of Rs 2,000 Notes Answered
The bank clarified that the Rs 2000 notes will continue to be legal tender even after September 30.
-
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.
-
India Calls for Global Support to Regulate Crypto as RBI Favours Ban, Details Here
Indian finance minister Nirmala Sitharaman told the parliament on Monday that the RBI favours a ban on cryptocurrencies. The development comes at a time when the tax laws around virtual digital assets went live in India, slashing trade volumes on Indian exchanges. At this point, India still awaits laws on the crypto sector.
-
RBI's Views Might Have Delayed Crypto Bill: Deputy Governor Michael Patra
RBI Deputy Governor Michael Patra said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets.
-
Union Budget 2022: Digital Rupee Using Blockchain Technology to Be Launched by RBI in 2022-23
India will be getting its blockchain-backed digital currency this year, Finance Minister Nirmala Sitharaman said in her Union Budget speech on February 1, 2022. The Central Bank Digital Currency or CBDC will be regulated by the Reserve Bank of India. While Sitharaman did not announce any plans of banning the crypto sector, she did reveal a tax on c...
-
Government Will Explore Blockchain for Digital Economy, Union Minister Says About India's Own Cryptocurrency
The government will explore the use of blockchain technology for digital economy, Minister of State for Finance Anurag Singh Thakur said on Tuesday. The latest comments come just days after the government listed a bill titled “The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021” that is to provide a framework for creation ...
-
Nepal Writes To RBI To Declare New Indian Currency Legal In The Country
Nepal has asked the RBI to declare newly circulated Indian currency notes of denominations higher than Rs 100 legal tender in the country, according to media report on Sunday.
-
Where's The Black Money? Almost All Banned Notes Returned: Foreign Media
Indian Prime Minister Narendra Modi's efforts to weed out black money through a ban on high-value currency notes haven't yielded the desired results.
-
Air Force Spent 29 Crore To Ferry Currency After Notes Ban: RTI
Over Rs 29.41 crore was spent on using the Indian Air Force's ultra-modern transport aircraft - the C-17 and the C-130J Super Hercules - to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply.
-
RBI Ban On Crypto-Currencies Banking Services Challenged In Delhi Court
The Delhi High Court has sought the response of the Centre, the RBI and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from providing any service in relation to virtual currencies such as 'crypto-currencies'.
-
'Bed Of Cash': Nearly Rs 100 Crore In Banned Notes At Kanpur Home
Banned notes worth crores, making up a "bed" of cash when stacked up, were found on Tuesday at a house in Uttar Pradesh's Kanpur. The cash had to be stuffed into five big steel trunks, gunny bags and cartons by officials of the Reserve Bank of India (RBI) and the UP police.
-
Demonetisation Anniversary: RBI Says Still Working Double Shifts To Verify Every Note
Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said.
-
Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels
As the opposition scaled up its attacks on the government after the Reserve Bank of India revealed that only 1 per cent of demonetised currency did not return to the system, the government appears to have shifted the goalpost.
-
Government Rules Out New Window To Deposit Scrapped Notes
The government said that it had expected all the annulled currency to be returned, in line with the latest RBI data.
-
RBI Revelations On Notes Ban Point To Big Scam: Mamata Banerjee
Hinting that the RBI's latest revelations on demonetisation pointed to a "big scam", West Bengal Chief Minister Mamata Banerjee on Wednesday claimed the entire exercise of banning high value currencies was a "total flop show' and demanded a thorough investigation on the issue while urging the Supreme Court to provide justice to people.
