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SMALLER DENOMINATIONS
Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
Nifty in control of FIIs? The unlucky 13 bluechips facing the hardest institutional selloffForeign investors have significantly reduced holdings in many Nifty companies since September 2024. This has impacted top blue-chip stocks,...
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
Can bonds replace rental income? The ₹40,000 monthly cash flow mathIndian investors traditionally favor rental income for passive earnings, but rising property prices and modest yields are prompting a shift...
Rs 18 lakh crore wiped out: Has the brutal Indian IT stock crash finally bottomed?India's top IT companies have seen Rs 17.6 lakh crore wiped out in a multi-month bear market. Valuations are at levels not seen since the g...
NSE launches Electronic Gold Receipts to formalise India’s gold market; successfully dematerialises 1 kg gold barThe National Stock Exchange introduced Electronic Gold Receipts, enabling dematerialised gold trading backed by physical assets in regulate...
Swiggy Instamart logs 49x gold surge on Akshaya Tritiya with small-ticket gold driving quick-commerce boomSwiggy's Instamart experienced a massive jump in demand for gold and silver on Akshaya Tritiya. Urban shoppers embraced quick commerce for ...
Has RBI directed banks to stop disbursing Rs 500 notes from ATMs by September 30, 2025? Here is what government saidThe Ministry of Finance clarified that there are no plans to ban Rs 500 notes from ATMs. The RBI aims to improve access to smaller denomina...
No rush on day 1 of Rs 2,000 note return: Finance Ministry official"No rush was reported from anywhere. The public have been advised to deposit or exchange as per their convenience by September 30, 2023," E...
Withdrawal of Rs 2,000 notes unlikely to hit money supply: Top finance ministry OfficialsFinance secretary TV Somanathan said: "There is adequate supply of smaller-denomination notes in the economy to substitute for the ₹2,000 n...
We now know what caused the cash crunch: Income velocity & Bullwhip EffectBanks claimed business as usual and blamed sporadic problems on technical glitches.
Launching Rs 200 note will fill missing middle: SBI ReportCash with banks, a CIC component, has however witnessed a decline over November 2016 level, said the State Bank of India Ecowrap report.
Take steps to get smaller currency notes: Bandaru Dattatreya urges RBIDattatreya sked the banks to take measures for waiver of service charges to all the users of net banking and cards to encourage cashless tr...
Smaller bank notes are cheaper to print in note economyThe understanding was always that bigger notes meant bigger value and the size and shape of notes previously had to be decided after consul...
PM Narendra Modi favours use of smaller denomination notes: Madhav Bhandari"The Prime Minister has said people should stop the habit of using notes of more than 100 rupee denomination. That means he has indicated s...
Print more small denomination notes to curb graft: BJP MP to governmentA BJP MP in Lok Sabha demanded that smaller denomination notes should be printed more as compared to larger denomination to help curb corru...
- Rs 500 denomination banknotes gain significance: RBI study
During 1990s, there was a significant migration from the smaller denominations (Rs 50 and below) to Rs 100 and from Rs 100 to Rs 500.
- Smaller denomination notes not withdrawn: RBI
The Reserve Bank on Thursday said smaller denomination notes of Re one, Rs two and Rs five have not been withdrawn from circulation.