Demonetisation refers to the withdrawal of a currency's legal tender status. In India, it occurred in November 2016. The government aimed to combat black money and counterfeit currency. It led to the sudden invalidation of ₹500 and ₹1,000 notes. The move caused widespread disruption. Many faced cash shortages. The long-term effects on the economy remain debated. It sparked significant political and social discourse.
On November 8, 2016, two largest denomination notes, Rs 500 and Rs 1000, were 'demonetized' with immediate effect, ceasing to be legal tender. At one stroke, 86 percent...
In a recent move to assist visually-impaired individuals, the Reserve Bank of India (RBI) has launched a mobile app called Mobile Aided Note Identifier (MANI). The app's primary...
The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has recently witnessed a surge in the engagement of a youthful workforce. Analysis of age-specific data denotes that there...
The latest government data reveals a significant dip in the Gross Domestic Product (GDP) growth during the first quarter of the Financial Year (FY) 2019-20. The economy expanded...
Recently, a high-level expert panel, established by the Commerce Ministry, gave out certain recommendations aimed at revitalizing the textile sector. Some of the significant suggestions include: revisiting free-trade...
As of 29th March 2019, the amount of currency in circulation in India tallied at around ₹21.40 trillion. This significant figure was a marked increase from the ₹13.35...
The Financial Technology (FinTech) Conclave of 2019 took place in New Delhi on 25th March, with the Governor of the Reserve Bank of India (RBI) inaugurating the event....
The "Darkening Skies" report by World Bank Global Economic Prospects reveals an anticipated global growth slowdown to 2.9% in 2019 and 2.8% in 2020. A key finding of...
The Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) is a central sector scheme administered by the Ministry of Labour and Employment, Government of India. It is a voluntary and...
