Withdrawal of ₹ 2,000 Banknotes: Paving Way to Mini Demonetisation
None of the arguments that the RBI has given to justify the demonetisation move are valid.
Category Center for the Study for Finance and Economics
The Withdrawal of Rupees 2000 Notes: A New Mini-Demonetisation in India Soon
In a sudden though not unexpected move, currency notes of the denomination Rs 2,000 are being withdrawn from circulation. This is announced via a notification released by the Reserve Bank of India and not the government (as at the time of demonetisation). These notes are not being withdrawn from circulation, but actually, they will stop circulating right away given that they will have to be deposited in a bank or exchanged for lower denomination notes.
Adani Remains Resolute Despite Expert Committee Report
Does the Supreme Court-appointed expert committee’s report on Adani, based on interim results of ongoing investigations by markets regulator SEBI, clear Adani of blame, as his lawyer claimed after the report was made public? The answer does not quite blow in the wind.
Atmanirbharta & Vishwaguru: Will they inculcate pride?
Arun Kumar In a recent interview, Mr. Nripen Mishra, Chairperson of the Committee to construct the Ram Janmabhumi Temple said, `Our youth are very sensitive to the call that India must become a big power … I think we have…
Speed Up India: On Platforms and in Government
Ten years ago, when then-prime ministerial candidate Narendra Modi promised India bullet trains, he probably did not bargain for the system's resistance to high speed. The journey from an average speed of 60 kmph to a bullet speed of over 300 kmph would take longer than expected. It required an entirely new state-of-the-art infrastructure and a new mindset. However, that did not dissuade the pragmatic Modi as PM Modi from bringing greater speed to the railways by introducing the Vande Bharat trains that run at 120 kmph.
Analysis with Incorrect Data Poses Problems
Capitalism is facing multifaceted challenges due to the problem of policy-making based on incorrect data. Governments and international agencies like the World Bank that depend on faulty official data cannot correctly analyse and help resolve the problems facing the world and its poor.
e-RUPI: The Way Forward!
e-RUPI is a digital payment solution that was launched in August 2021 by the Government of India and the digital rupee was tossed on December 1, 2022. As proposed ever since its inception, there were many discussions revolved around this fancy term. As there exist a large asymmetry on the realities of India’s digital currency, here we try to comprehend what it is and how to move forward. This policy update tries to bring on the discussion on the lights of major characteristics and attributes behind the payment mechanism, its benefits, and challenges ahead.