-
Almost all of Rs 2,000 notes returned
97.26 per cent of the high-value currency in circulation as on May 19, 2023, has since been returned to the banking system
-
Store of value makes cash the king: RBI paper
Cash is still the preferred mode as a savings instrument for its 'store of value' and for precautionary purposes
-
Confusion prevails over Rs 2,000 note exchange
If the Rs 2,000 note was to be withdrawn, why was it introduced in the first place? This is a contradiction in itself.
-
Digtal transactions give ATMs a run for their money
In FY 2017 there were 1.8 crore UPI transactions and now in FY 23 the number of transactions increased to 8375 crore
-
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.
-
Five years after demonetisation, banknotes in circulation continue to rise
Banknotes in circulation in value terms soared to Rs 29.17 lakh crore on October 29, 2021, from Rs 17.74 lakh crore on November 4, 2016.
-
Five years since note ban: Cash at all-time high
The rise in Currency in Circulation (CIC) in absolute numbers is not the reflection of reality
-
An economy where winners take the most
When the economy was liberalised 30 years ago, the aim was to reduce concentration of economic power among companies and individuals
-
How digital transactions impact India's monetary aggregates
The increased use of digital money/pre-paid instruments has changed the composition of both reserve money as well as monetary base.
-
RBI asks banks not to destroy CCTV recordings of demonetisation period
The present order is a continuation of an earlier advisory issued to the lenders in December 2016 to preserve the CCTV footage of operations at bank b
