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Friday, November 1, 2024
TopicCash

Topic: Cash

Cash seizure in Noida crosses Rs 1 cr mark since implementation of MCC by Election Commission

According to the official, the maximum cash seized in one incident in Gautam Buddh Nagar so far is Rs 11.58 lakh.

Security guard killed during cash van robbery in Delhi’s Wazirabad

The incident took place at an ICICI Bank ATM kiosk near Jagatpur flyover & was reported to the police around 5 pm. The accused are suspected to have taken off with an estimated Rs 8 lakh.

Cash is dying all over the world, but we aren’t ready to bury it yet

Even in nations where technology has turned it into an anachronistic appendage, cash can’t be allowed to die. Not before central bank digital currencies are ready.

Five years after demonetisation, cash transactions are down but not gone, survey says

According to the LocalCircles survey, over the last year, 20% of respondents reduced their cash transactions in favour of digital payments. 

Indians saved more in Q1, preferred to invest in mutual funds and hold cash, RBI says

RBI says increased flows to mutual funds was driven by low fixed deposit rates in banks while pandemic hastened need for people to buy life insurance policies.

Blame it on RBI – Indian banks have Rs 8 lakh crore sitting idle in their systems

The Rs 8 lakh crore with banks exceeds the level seen after demonetisation in 2016 and is expected to be the new normal for the next few months at least.

ATMs, once the future of banking, starting to become more scarce

Consulting firm RBR said in a study that banking customers are increasingly favouring mobile banking and credit & debit cards over cash.

Funding crisis to worsen unless India pumps in cash, Kotak says

India’s cash deficit is the worst since 2016, largely due to muted government spending & high election-linked expenditure.

You may finally know how much old cash was returned after demonetisation

RBI has told a parliamentary panel that demonetised notes have been verified for authenticity and numerical accuracy.

Liquidity risk looms, funding costs may surge: IDFC fund manager

Indian assets have become less attractive to overseas funds amid tighter global liquidity, says Suyash Choudhary.

On Camera

Iran’s real fantasy is to take over Muslim world. Palestine is just a façade

Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.