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CIC TO GDP
Cash is king again? India’s withdrawals surge 12% in early April, highest since post-demonetisationThe Indian economy is witnessing a historic milestone as the currency in circulation hits 42.3 trillion rupees. This remarkable jump of mor...- Cash craze: Currency in circulation touches record Rs 40 lakh croreThe amount of cash circulating in the economy has hit an all-time peak of Rs 40 lakh crore in January, after rising 11.1% year-on-year. Yet...
- Why withdrawal of Rs 2,000 notes by RBI is not like 2016 note banThis is nothing like 2016 because, for starters, ₹2,000 notes are still legal tender. They also make up just 10.8% of the notes in circulat...
- The Rs 2,000 decision may boost consumption, enlarge banking liquidityInterestingly, the withdrawal of the Rs 2,000 note should not impact the payment ecosystem in India, which already has been revolutionised ...
- Less of cash, with more to go aroundA swifter expansion of digital payments, coupled with a broadening GST base and using data analytics for GST's audit trails, will provide u...
- Six years since demonetisation, massive jump in cash with public at Rs 30.88 lakh crAt Rs 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016. On N...
- Rs 2,000 notes now 1.75% of total banknotes in circulation; down from 3.27% in March 2018Following demonetisation, Rs 2,000 note and a new series of Rs 500 note were introduced. Later, banknote of denomination of Rs 200 too was ...
- People holding cash for emergency rather than transactions: SBI ReportThe formalization efforts are bearing major fruit in terms of currency /GDP ratio. The research report by the country's largest lender esti...
- Is it time for India’s own sovereign wealth fund?It is quite an achievement when we look back thirty years – in 1991, the Indian government had come awfully close to defaulting on its own ...
- Currency in circulation up by Rs 5 lakh crore in 2020Currency in circulation (CIC) went up by a record Rs 5 lakh crore in 2020 as Indians joined the global dash for cash in the wake of the Cov...
- Slowdown in cash demand: Signs of economic revivalFor three consecutive fortnights, RBI data shows that currency with the public, cash withdrawn by the general public from banks and ATMs ha...
- RBI's new moto 'cash is king, but digital is divine'Overall, the digital payments in the country have witnessed a growth (CAGR) of 61 per cent and 19 per cent in terms of volume and value, re...
- China seeking global partners to fund its BRI projectsChina will be holding the second Belt and Road Forum (BRF) in April, which Chinese Foreign Minister Wang Yi stated would be bigger than the...
- Cash in circulation now more than pre-demonetisation levelThe acceleration of CIC since late-2017 has resulted in leakage of liquidity from the banking system.
- Cash growth during Diwali week highest ever, Currency to GDP ratio returns to pre-demonetisation levelsCash in circulation has almost doubled during the Diwali week ending November 09 to Rs 49,420 crore from Rs 28170 crore in the Diwali week ...
- What I Read This Week: 10 near-term dampeners for Indian market; world’s most traded goodsHere's Ritesh Jain's sampling of some of the best content he read through the week.
- Less currency in system will impact fiscal health: ReportCIC growth slowed sharply over the last month from over Rs 30,000 crore a week.
- Cash available in the system may be brought down drastically from pre-demonetisation timesThe “commitment of the RBI is to encourage greater use of electronic payments by all sections of society so as to achieve a ‘less cash’ soc...
- As market cracks, D-Street veterans say we saw it comingNilesh Shah, Managing Director of Kotak Mutual Fund, said Indian households had more money in cash than in equity market (excluding promote...
- Ritesh Jain’s what I read this week: Money trail & TN’s ticking time bombA continued increase in service tax over the past few years could have led to tax avoidance by small business owners, leading to more cash ...
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