Banknotes

Digital economy? RBI says currency in circulation soars 17% to Rs 21.1 lakh cr in FY19

Despite the many an effort to shift to digital payments and usher in a digital payment economy, the currency in circulation has jumped by a hefty 17 percent to Rs 21.10 lakh crore as of March 2019, the Reserve Bank said in its annual report for 2019

RBI to come out with mobile app to help visually challenged identify currency notes; invites bids from tech firms to develop app

The RBI said that identification of banknote denomination is key to the successful completion of cash-based transactions by visually impaired persons.

Reserve Bank to soon issue new Rs 10 notes, old ones will remain valid

The Reserve Bank of India will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number panels

Arun Jaitley plans expansive budget despite growth, revenue worries after demonetisation

Jaitley is looking at how to fund giveaways to taxpayers and higher public investment to help nurse the economy back to health after the government's shock decision in November to abolish high-value banknotes.

Demonetisation: RBI governor Urjit Patel to brief parliamentary committee on Dec 22

The briefing will start at 11 AM at the Parliament annexe building on Thursday

Demonetisation: Who knew? Modi's black money move kept a closely guarded secret

Overseeing the campaign, with support from the backroom team camped out at Modi's sprawling bungalow in the capital, was Adhia, a top finance ministry official.