RBI decision to not reissue copper-nickel series of Re 1 and 50 paise coins brings the end of a long coinage history that started with 'phootie cowries'.
The coin, to be released on 30 April, will weigh 35 grams and include images of national symbols as well as of Prime Minister Narendra Modi's radio show.
The searches were spread across Delhi, Jaipur, Dausa, Karauli, Sawai Madhopur, Alwar, Udaipur and Bhilwara, at the premises of around 15 former bank officials and others.
According to the FIR, SBI had constituted a committee for an audit of coins worth close to Rs 13 crore held by the bank. But coins worth Rs 11,62,11,275 were found missing.
META 1 Coin continues to see growing adoption. By spreading its backing over a variety of appreciated assets, the token is better suited to handle volatility.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
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.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS