More than one of this year’s major judgments dealt with fraught relations between the Modi government and administrations led by Opposition parties in states as well as Delhi.
The total value of Rs 2,000 notes in circulation declined to 3.56 trillion rupees as of 19th May from 3.62 trillion rupees as on 31st March, the central bank said in a statement.
In May, RBI withdrew Rs 2,000 notes from circulation but they remain legal tender until 30 Sept. Some establishments, like Ahmedabad Nini's Kitchen, are using this to attract customers.
Amazon said its customers can hand over up to Rs 50,000 worth to delivery agents for orders meant for payment via cash. The amount will then be credited to their Amazon Pay wallets.
Even if credit expansion to corporates begins today, it’s too late for there to be any real impact in terms of new investments and job creation before May 2024.
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.
RBI data shows the high-denomination note, meant to have safeguards against counterfeiting, was counterfeited. Brought in as part of anti-black money measure, it's now 'used to hoard cash'.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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