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Dont make these mistakes, lest you get an Income tax notice
If you deposit more than Rs 1 lakh in cash at a single go towards your credit card bills, the Income Tax Department may send you a notice. Not only th
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The case for cash
Though use of cash has increased since demonetisation, cleanliness in transaction and a rise in revenues for the govt have been two clear benefits.
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Cash rules the roost even as digital payments gain currency
The ratio of currency in circulation as a proportion of GDP rises to 14.5% for 2020-21
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ATM closure threat: RBI shouldn’t buckle
If it is difficult to ensure cash in ATMs in far flung areas, ATMs can be graded according to distance from cities & penalty calibrated accordingly.
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India’s business resumption shoots up to record high: Nomura
Nomura India Business Resumption Index is near the pre-pandemic level of 100, surpassing the pre-second-wave peak
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Government approves 17th tranche of electoral bonds; sale opens on July 1
Electoral bonds have been pitched as an alternative to cash donations made to political parties to bring transparency in political funding.
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Can printing money save the Covid-hit economy ?
There seems to be a divided opinion among economists and policymakers
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Rs 500 note the king of cash; share rose the highest in FY21
The share of all currency notes except Rs 500, Rs 200 and Rs 20 in the economy dipped in Covid-hit FY21 compared to the previous year
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Cash remains king: Why you need it the most in times of distress
Your investments and money accumulated over the years will be of no use if it cannot come to your rescue when you need it the most
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Digital payments rise, but cash demand equally strong
Digital payments and cash complement each other as both clock substantial growth in the pandemic year
