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.
The racket was busted on the basis of an intelligence feedback. The entire sum of fake notes was seized from the Jana Seva Kendra. Both the accused persons were graduates and were computer savvy.
The data marks the highest inflation rate since November 1998, when the country was struggling to cope with the 1997-1998 Asian financial crisis.
Sabry said that the next few months will be difficult for Sri Lankans, reports Xinhua news agency.
With the aim of supporting the ruble, the Russian Central Bank announced pegging the currency with gold -- one gram of gold is currently pegged at 5000 ruble.
Earlier the Sri Lankan rupee was pegged to the dollar at 200.
