India’s wealth story is increasingly told through a confusing set of headlines. On the one hand, the country is adding new dollar-millionaires at a brisk pace. On the other, the average Indian adult is not materially better off than a few years ago.
A novel ink with enhanced security features developed with luminescent nanomaterials can help stop counterfeiting in currency, certificates, branded goods and medicines.
India’s foreign exchange reserves jumped by $5.16 billion to scale a lifetime high of $657.16 billion during the week ended July 5, according to RBI data released on Friday.
Several questions were raised over the sudden rush of people in exchange for Rs 2000 notes and ED, Economic Offense Wing Officials are investigating the matter.
Amid speculations at emergence of bank notes having a star (*) symbol in the number panel, the Reserve Bank of India (RBI) on Thursday clarified that these are the same as any other legal tender, with the only difference being that in the number panel, a star symbol is added between the prefix and the serial number.
Infosys ADR slumped by more than 9 per cent in pre-market trade after the company cut revenue guidance.
One of the major benefits of the Centre's decision to withdraw the Rs 2,000 currency note might be the immediate uptick in consumption demand, according to the State Bank of Indias Economic Research Department.
Delhi Chief Minister Arvind Kejriwal on Friday wrote to Prime Minister Narendra Modi urging him to introduce currency notes with pictures of Lord Ganesh and Goddess Laxmi along with that of Mahatma Gandhi.
If the current pace of depreciation continues unchecked, it seems inevitable that the reserve will shrink at a fast pace.
Three possible reasons are given for this decline: the oil shock from the Ukraine War, difference in Bank of Japan’s monetary policy stance; and possible return of Mrs. Watanabe.
