Demonetization News
De-dollarization - DEMONETIZATION 2.0? EXPLAINED! | Mint Explains | Mint
The US dollar has long been the world’s reserve currency, but its dominance is under threat. In recent years, there has been an accelerating trend towards de-dollarization as countries seek to reduce their reliance on the dollar. The dominance of the US dollar in international trade and finance has faced increasing challenges, leading to discussions about the future of global economic dynamics and the potential consequences for various stakeholders.
7 Aug 2023Decoding the tax impact of ₹2,000 note cash deposits
RBI has advised the public to deposit their ₹2,000 notes into their bank accounts and/or exchange them into bank notes of other smaller denominations at any bank branch until 30 September.
1 min read29 May 2023India is once again turning its money into a mere plaything
Its note withdrawal shakes confidence in the value of its currency
3 min read28 May 2023The withdrawal of ₹2,000 notes is short of a rational explanation
On 19 May, in pursuance of its ‘Clean Note Policy,’ the Reserve Bank of India (RBI) decided to withdraw ₹2,000 denomination banknotes from circulation
4 min read24 May 2023Paper Money Diehards Refuse to Fold
Many businesses take payment only by card or phone, but a pro-cash movement is urging people to ‘Resist! Defy! Don’t comply!’
5 min read23 May 2023Phasing out ₹2000 notes: five things you need to know
₹2000 notes withdrawn by RBI: The these notes will continue to remain legal tender status but the RBI encourages the public to get these exchanged from banks by 30 September.
2 min read20 May 2023What happens to your ₹2000 note after September 30? Read RBI’s 15-point explainer here
₹2,000 currency notes to continue to be legal tender till September 30. ₹2,000 notes with public can be deposited in bank accounts or exchanged at banks and RBI’s 19 Regional Offices
4 min read20 May 2023The case for an inequality boom in India is greatly exaggerated
Income tax data offers no reliable proof of a divergence while fiscal transfers would likely have reduced our Gini coefficient
4 min read4 Apr 2023Cash-strapped Nigeria continues to struggle due to demonetisation: In pics
The Nigerian government’s demonetisation plan appears to have backfired, with people continuing to struggle amid shortage of new denominations in the country.
16 Feb 2023Demonetisation: P Chidambaram accepts Supreme Court’s judgment but…
Former Finance Minister P Chidambaram has accepted the Supreme Court’s decision on demonetisation as he is ’obliged to accept it’.
1 min read2 Jan 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared