Tuesday, 24 May, 2022
TopicCash

Topic: Cash

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

YourTurn

Golden Temple

What Akal Takht must know about harmonium and music before banishing it from Golden Temple

In an era where India’s past and ‘purity’ are constantly being dug up and debated, the humble harmonium has become the latest victim.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Defence

Boeing's F/A-18 Super Hornet pulls off its first successful launch from a ski-jump at Naval Air Station Patuxent River, US | Photo credit: Boeing

2 American Super Hornets in India as Boeing looks to showcase fighters for Navy deal

Navy looking at about 26 multi-role deck-based fighters for its aircraft carrier. Visit by Super Hornets comes close on heels of similar trip by competitor Rafale M of Dassault Aviation.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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