The Nepalese information and communications ministry said Indian currency notes higher than Rs 100 were illegal in the country.
Kathmandu: The Nepal government has banned the use...
For all their colonial underpinnings, postcards from Hyderabad also inadvertently preserve a trace of local memory: a glimpse of a street, a face, a forgotten name.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
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Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
An unfortunate development. When a foreigner uses our currency, the benefit of seigniorage accrues to the RBI and India. It also reflects a bond of friendship and solidarity, like the open border. Immediately after December 2016, we ought to have made special arrangements for Indian currency held by Nepali citizens to be redeemed. The amount was trivial in relation to the total stock of fifteen trillion, however it mattered to the Nepalese. It is only a matter Ipoh time before they start using Chinese currency.
An unfortunate development. When a foreigner uses our currency, the benefit of seigniorage accrues to the RBI and India. It also reflects a bond of friendship and solidarity, like the open border. Immediately after December 2016, we ought to have made special arrangements for Indian currency held by Nepali citizens to be redeemed. The amount was trivial in relation to the total stock of fifteen trillion, however it mattered to the Nepalese. It is only a matter Ipoh time before they start using Chinese currency.