Ministry of Finance informed Parliament govt implemented demonetisation to reduce incidence of fake notes. But counterfeiting of high value currency has risen sharply, fresh data shows.
India is bracing for a second currency note exchange program in less than 7 years, pulling its Rs 2,000 note out of circulation in an exercise that comes ahead of a series of crucial state polls.
RBI has asked banks to stop issuing Rs 2,000 notes, though it remains legal tender. Parties like AAP, TMC & BSP have criticised the move, saying it is against public interest.
While the rest of the world has converged on a model—technical judgement inside the institution, as a permanent organisational property—India remains a conspicuous and costly outlier.
The shipment earlier bound for Gujarat’s Vadinar has changed course amid payment concerns; could still reach India if issues are resolved, according to Kpler.
INS Arihant was first vessel under SSBN project and was quietly commissioned in 2016. The second indigenous SSBN, INS Arighat, was commissioned in August 2024.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
COMMENTS