Discover and read the best of Twitter Threads about #RBI
Most recents (24)
#नोट_छपाई का #कारोबार..
वो भी क्या #जमाना था जब #पाकिस्तान #इमरजेंसी में 500-500 के #भारतीय #नोट छाप कर समस्या से बच जाता था ।
चाहे जितने #नोट छापो, दिन रात छापो उनमे से आधे #भारत भिजवा दो आधे खुद #मार्केट में खपा दो ।
#नोट भी ऐसे ऐसे जो #RBI न पहचान पाई, असली नोट में कमियां
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वो भी क्या #जमाना था जब #पाकिस्तान #इमरजेंसी में 500-500 के #भारतीय #नोट छाप कर समस्या से बच जाता था ।
चाहे जितने #नोट छापो, दिन रात छापो उनमे से आधे #भारत भिजवा दो आधे खुद #मार्केट में खपा दो ।
#नोट भी ऐसे ऐसे जो #RBI न पहचान पाई, असली नोट में कमियां
👇
निकल आती थी, लेकिन पाकिस्तान के बने 500 के नोट में मजाल है गलती से भी कोई कमी हो।
पाकिस्तान के कुछ मुहल्लों में तो लाइन से भारत के 500-1000 के नोट छापने वाली मशीन लग गयी थी, इनमें नोट भले लो क्वालिटी के हो पर असली की गड्डी में लगा कर आराम से चल जाते थे।
ये नोट ऐसे होते थे कि
👇
पाकिस्तान के कुछ मुहल्लों में तो लाइन से भारत के 500-1000 के नोट छापने वाली मशीन लग गयी थी, इनमें नोट भले लो क्वालिटी के हो पर असली की गड्डी में लगा कर आराम से चल जाते थे।
ये नोट ऐसे होते थे कि
👇
किसी को पता हो नकली है तो भी वो सस्ते में लेलेता था।
हालात ऐसे की RBI नोट न छापे तो भी कमी नही होती थी, भारत की अर्थव्यवस्था को ब्लडी एनीमिया हो गया था, मानो लगातार लहू रिस रहा हो।
फिर मोदी जी आये, और इनकी सरकार को 8 साल हो गए है, न वो नोट है, न वो मशीने, इंक भी बदल गई,
👇
हालात ऐसे की RBI नोट न छापे तो भी कमी नही होती थी, भारत की अर्थव्यवस्था को ब्लडी एनीमिया हो गया था, मानो लगातार लहू रिस रहा हो।
फिर मोदी जी आये, और इनकी सरकार को 8 साल हो गए है, न वो नोट है, न वो मशीने, इंक भी बदल गई,
👇
२४ जानेवारीला हिंडेनबर्गने #AdaniGroup च्या विरोधात एक रिसर्च रिपोर्ट पब्लिश केला आणि या ग्रुपमधील स्टॉक्सच्या प्राईज धडाधड कोसळल्या. हा रिपोर्ट पब्लिश होऊन आता एक महिना उलटून गेला आहे. या एका महिन्यात घडलेल्या घडामोडींचा थोडक्यात गोषवारा. #Thread #HindenburgReport #म #मराठी
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२४ जानेवारीला या अमेरिकन कंपनीने आपला रिसर्च रिपोर्ट पब्लिश करत अदानी ग्रुप दहा वर्षांपासून 'स्टॉक मॅनिप्युलेशन आणि अकाऊंटिंग फ्रॉड' करत असल्याचा दावा केला. #LIC ची #AdaniGroup मध्ये ३०,००० कोटी रुपयांची गुंतवणूक असल्यामुळे तेही यात ओढले गेले. #Thread #HindenburgReport
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२६ जानेवारीपर्यंत अदानी ग्रुपमधील कंपन्यांचे शेअर्स मोठ्या प्रमाणात विकले गेले आणि ब्लूमबर्गनुसार त्यांनी १०० बिलियन डॉलरहून अधिक मार्केट व्हॅल्यू गमावली. त्यानंतरदेखील अदानी ग्रुपची संपत्ती घटतच राहिली आणि त्यांचा FPO फक्त १ टक्के सबस्क्राईब झाला. #Thread #HindenburgReport
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#RBI policy on Recovery of Penal Charges on Loans…. #SBICards #ManappuramGold #MuthootGold #BajajFinance #NBFCs etc
Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
#Muthoot charges penal interest of upto 2% on schemes. Recall that their ROA is 6-7% so this Penal Interest is meaningful
#manappuramGold penal Interest Rates
"Bitcoin is a system based on rules not rulers"
Recently, RBI Governor called for a ban on crypto
But, the promise of Crypto and Bitcoin is stronger than ever 👇👇
#bitcoin #crypto #RBI #money #commodity #banks #gold
cryptobeans.beehiiv.com
Recently, RBI Governor called for a ban on crypto
But, the promise of Crypto and Bitcoin is stronger than ever 👇👇
#bitcoin #crypto #RBI #money #commodity #banks #gold
cryptobeans.beehiiv.com
Let's look at the The History of Money to understand more.
From Barter to Fiat Currency to Cryptocurrency
1/ It all started with the need for trade....
From Barter to Fiat Currency to Cryptocurrency
1/ It all started with the need for trade....
🔸In ancient times, people used the barter system to trade goods and services.
🔸This means that they would directly exchange one item for another without using a medium of exchange, such as money.
2/ But barter is not scalable....
🔸This means that they would directly exchange one item for another without using a medium of exchange, such as money.
2/ But barter is not scalable....
The FIGHT of BURGERS .
#RestaurantBrandsInternational ( BURGER KING) has been on my Watchlist for almost 1.5 Years . I have a PRECOMMITMENT of a Price where I want to Enter . However sometime back we visited a MALL and the story gets interesting here ! Read on .
#Burger
#RestaurantBrandsInternational ( BURGER KING) has been on my Watchlist for almost 1.5 Years . I have a PRECOMMITMENT of a Price where I want to Enter . However sometime back we visited a MALL and the story gets interesting here ! Read on .
#Burger
I Love my WHOPPER .
Wifey however spotted a new joint - BIGGIES and wanted to try that out .
And I have to admit that Burger tasted way better . On enquiring we realised it a BANGALORE based startup and growing fast across India .
So I am questioning myself about #RBI now .
Wifey however spotted a new joint - BIGGIES and wanted to try that out .
And I have to admit that Burger tasted way better . On enquiring we realised it a BANGALORE based startup and growing fast across India .
So I am questioning myself about #RBI now .
Here’s the Interesting product that caught my eyes - BOTH of them gave us VEEBA’s Tomato Ketchup.
I immediately recalled at home also we get SAUCES for SALADS - majorly from #VEEBA! ( It’s not listed)
Are we looking at a future HEINZ ? Only time will tell.
Enjoy you BURGER 🍔
I immediately recalled at home also we get SAUCES for SALADS - majorly from #VEEBA! ( It’s not listed)
Are we looking at a future HEINZ ? Only time will tell.
Enjoy you BURGER 🍔
Vishing call frauds have costed Indians INR 1,500 Cr 🤯
My own aunt lost over INR 3,94,500 in 2020🥵
Let us be aware and teach our not so tech savvy relatives
Everything about Vishing frauds & how to avoid traps🧵👇
My own aunt lost over INR 3,94,500 in 2020🥵
Let us be aware and teach our not so tech savvy relatives
Everything about Vishing frauds & how to avoid traps🧵👇
1/ An example
A person in disguise of a bank employee, called Mrs. Sharma a 40 yr old housewife
He told her that she has been selected as a lucky winner for a trip to Thailand by bank
and to process it he needs an OTP,
Excited to hear this, Mrs. Sharma shared her OTP with him
A person in disguise of a bank employee, called Mrs. Sharma a 40 yr old housewife
He told her that she has been selected as a lucky winner for a trip to Thailand by bank
and to process it he needs an OTP,
Excited to hear this, Mrs. Sharma shared her OTP with him
2/ What happens next❓
Within next 2 mins INR 2,00,000 were out from her A/c
Have you ever faced or heard about such a fraud❓
As per RBI data, India saw 229 banking frauds per day in financial year 2020-21🥵
Read again, not 229 frauds, 229 frauds PER DAY🤯
Within next 2 mins INR 2,00,000 were out from her A/c
Have you ever faced or heard about such a fraud❓
As per RBI data, India saw 229 banking frauds per day in financial year 2020-21🥵
Read again, not 229 frauds, 229 frauds PER DAY🤯
ரெப்போ வட்டி விகித உயர்வு ஏற்கனவே நிதி நெருக்கடியில் உள்ள சிறு குறு நிறுவனங்கள் மற்றும் பொது மக்களை வெகுவாக பாதிக்கும்.
வட்டி விகித உயர்வால் வீட்டுக்கடன் ,வாகன கடன்,தனிநபர் மற்றும் தங்க நகைக்கடன்களுக்கான வட்டி விகிதம் அதிகரிக்கும்.
#RBIPolicy #RBI
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வட்டி விகித உயர்வால் வீட்டுக்கடன் ,வாகன கடன்,தனிநபர் மற்றும் தங்க நகைக்கடன்களுக்கான வட்டி விகிதம் அதிகரிக்கும்.
#RBIPolicy #RBI
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மாதம் தோறும் செலுத்த வேண்டிய தவணைத்தொகை அதிகரிக்கும்.
பணவீக்கத்தை கட்டுப்படுத்தவே Repo rate உயர்த்த படுவதாக RBI கூறினாலும் இந்த நடவடிக்கையால் இதற்கு முன் விலைவாசியும் பணவீக்கமும் குறைந்ததாக எந்த ஆதாரமும் இல்லை.
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பணவீக்கத்தை கட்டுப்படுத்தவே Repo rate உயர்த்த படுவதாக RBI கூறினாலும் இந்த நடவடிக்கையால் இதற்கு முன் விலைவாசியும் பணவீக்கமும் குறைந்ததாக எந்த ஆதாரமும் இல்லை.
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மாறாக வங்கிகள் தரும் கடன்களுக்கான வட்டி அதிகரித்து பணப்புழக்கம் வெகுவாக குறைந்துள்ளது.
பணவீக்கத்தை கட்டுப்படுத்த வேண்டுமானால் இளைஞர்களுக்கான வேலைவாய்ப்பை அதிகரித்தல் தொழில் வணிக துறையில் முதலீடுகளை அதிகரிப்பது என உற்பத்தி திறனையே அதிகரிக்க வேண்டும்.
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பணவீக்கத்தை கட்டுப்படுத்த வேண்டுமானால் இளைஞர்களுக்கான வேலைவாய்ப்பை அதிகரித்தல் தொழில் வணிக துறையில் முதலீடுகளை அதிகரிப்பது என உற்பத்தி திறனையே அதிகரிக்க வேண்டும்.
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#RBI's Employee Costs is a Mammoth Rs3800 to Rs4800 Crores a year.
Recently @RBI employees took up about 20-25 Apartments in a plush south Mumbai residential complex with an Average Rent of Rs1.7lac per Apartment per month. I dont know how much of a persons Take home or Gross Salary is the Company Leased Acco, but assuming its 30% of Gross
So that would mean that many of the RBI Employees are making at least Rs5 to 5.5 lacs in Gross Income. That would make them amongst the top Millions Salaried income earners in India, not to mention all the lifetime perks like Medical etc.. Why sweat it out in the private sector ?
A pilot launch of e-rupee soon, can be based on token or account, #RBI reveals‼️
🔅There are 2 versions—wholesale for interbank settlement and retail for the public.
🔅A token-based CBDC (central bank digital currency) is a bearer instrument like banknotes, whosoever holds…cntd
🔅There are 2 versions—wholesale for interbank settlement and retail for the public.
🔅A token-based CBDC (central bank digital currency) is a bearer instrument like banknotes, whosoever holds…cntd
…the tokens at a given point in time would be presumed to own them.
The retail version of the digital rupee is token based.
🔅An account-based system would require maintenance of record of balances and transactions of all holders of the CBDC and indicate ownership of… cntd
The retail version of the digital rupee is token based.
🔅An account-based system would require maintenance of record of balances and transactions of all holders of the CBDC and indicate ownership of… cntd
…of the monetary balances.
🔅In a token-based CBDC, the person receiving a token will verify that his ownership of the token is genuine, whereas in an account-based CBDC, an intermediary verifies the identity of an account holder.
🔅RBI says this will reduce cost of cash.. cntd
🔅In a token-based CBDC, the person receiving a token will verify that his ownership of the token is genuine, whereas in an account-based CBDC, an intermediary verifies the identity of an account holder.
🔅RBI says this will reduce cost of cash.. cntd
The global economy has changed dramatically this year, and financial markets have turned volatile. The question on everyone’s mind now is…
(1/8)
#globaleconomy #financialmarkets #nifty
(1/8)
#globaleconomy #financialmarkets #nifty
Will recession hit India? How will it be different from past recessions that our country has faced?
Let’s look at some data points.
(2/8)
#recession #india #economy
Let’s look at some data points.
(2/8)
#recession #india #economy
Based on the RBI’s assessment, the Real GDP projection is retained at 7.2% for FY23. This comes on the back of strong investment activity, improving bank credit and rising capacity expansion.
(3/8)
#rbi #gdp #centralbanks
(3/8)
#rbi #gdp #centralbanks
@indranichaudhu6 @PMOIndia @logixzestnoida @BJP4UP @prakharjazzwala @Realty_Et @TOIEditor That's the last viable option available at this juncture as every authority failed to pay heed to #CheatedHomeBuyers pleas
We hav become beggars, scamsters looted & enjoying with our hard earned tax paid money
How many of you ready to take oath to stop EMIs for this month
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We hav become beggars, scamsters looted & enjoying with our hard earned tax paid money
How many of you ready to take oath to stop EMIs for this month
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@indranichaudhu6 @PMOIndia @logixzestnoida @BJP4UP @prakharjazzwala @Realty_Et @TOIEditor Yes, people who r fearful about credit score, need 2 learn 4m Chinese public. If each one having loan against under construction property stops only single EMI, it should send the shivers to the banks & builders. The #RBI & govt would be forced to intervene & provide resolution
@indranichaudhu6 @PMOIndia @logixzestnoida @BJP4UP @prakharjazzwala @Realty_Et @TOIEditor People who are fearful can make payment at the end of month to protect credit score but that one EMI bounced in month of Aug should impact a lot
Next step, make associations & approach HC for EMI relief as such large scam can't run without involvement of banks
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Next step, make associations & approach HC for EMI relief as such large scam can't run without involvement of banks
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It’s Wednesday, which means it’s time to take stock of the week so far, draw on reserves, and soldier on (and uncover some facts while at it). Today, we dissect the RBI’s recent move to allow & encourage #foreigntrade payments to be made in INR. (1/8)
It’s a long-term plus for the Indian #economy and good news for the long-term investor. So, grab that coffee from the break room, and let’s delve into the long and short of it. (2/8)
Decoded: How the #Rupee trade settlement is tied to India’s trade deficit and forex reserves
businessinsider.in/finance/news/w…
By @jainrounak
businessinsider.in/finance/news/w…
By @jainrounak
Explained: International trade settlement in #Rupees and why #RBI is doing it
businessinsider.in/finance/news/w…
By @jainrounak
businessinsider.in/finance/news/w…
By @jainrounak
#RBI’s efforts to keep the #Rupee stable and cut down the use of the US Dollar – a decades-old habit that most of the world seems unable to shake off – has seen an earnest beginning with the central bank now allowing invoicing of international trade in Rupees.
#RupeeVsDollar
#RupeeVsDollar
What is international trade settlement in #Rupees?
When countries import and export goods and services, they have to make payments in a foreign currency. Since the US Dollar is the world’s reserve currency, most of these transactions are entered into US dollars.
#RupeeVsDollar
When countries import and export goods and services, they have to make payments in a foreign currency. Since the US Dollar is the world’s reserve currency, most of these transactions are entered into US dollars.
#RupeeVsDollar
Today is #WorldPopulationDay, which reminds us that while #ElonMusk is determined to contribute to increasing the population, he has also managed to upset the existing one, by backing out of the Twitter deal. Good thing that the markets were more stable, than Musk’s mood. 1/7
Talking about the “impending recession” seems to be the trend. So, it was a surprise last week, when both the #Sensex & the #Nifty went ↑ by almost 3%. Potential reasons? Maybe the cooldown in the prices of #commodities. This helps sectors like #Auto, #Realty, & #FMCG. 2/7
So naturally, both the #NiftyFMCG & #NiftyRealty were ↑ over 5%. #NiftyAuto was also ↑ 3.5%. In fact, every sectoral index was painting the town green. Global indices were also mostly up. The S&P 500 was ↑ 1.94% & the #NASDAQ100 ↑ by 4.6%. 3/7
Why #Financial #Influencer community is being hated so much?
What went wrong with them?
Let's answer all these questions in this #Thread🧵.
Tag your favorite influencers so that they can also learn from the mistake.
Like❤️ and Retweet🔄this tweet for the benefit of others.
What went wrong with them?
Let's answer all these questions in this #Thread🧵.
Tag your favorite influencers so that they can also learn from the mistake.
Like❤️ and Retweet🔄this tweet for the benefit of others.
Let's start with an analogy now.
Just imagine you are in a school and you are 6 years old. You don't have much knowledge of what is right or wrong.
Your teacher says that throwing garbage in open is bad.
So what's the probability that you will do this?
Least Likely, right?
Just imagine you are in a school and you are 6 years old. You don't have much knowledge of what is right or wrong.
Your teacher says that throwing garbage in open is bad.
So what's the probability that you will do this?
Least Likely, right?
If the teacher says that smoking and eating tobacco is not good for your health, then again you will prefer not to do this, even if your favourite actor/actress or any celebrity promotes this.
You will follow what the teacher says.
You will follow what the teacher says.
A mega thread of threads 🧵of business / industry events we have covered so far..!! (Will be contiguously updating as and when)
Events means something of significant nature have strong impact on Co / Sector
Like Retweet Follow Share if you find valuable
#investing #StockMarket
Events means something of significant nature have strong impact on Co / Sector
Like Retweet Follow Share if you find valuable
#investing #StockMarket
A quick thread 🧵on Single Use Plastic Ban starting from July-22.
What it means for packaging & paper sectors?
Whether its threat or opportunity?
#plasticban
What it means for packaging & paper sectors?
Whether its threat or opportunity?
#plasticban
Govt allows Private Captive networks & Why its a problem for telcos ?
A quick thread 🧵
#Airtel #Jio #VI #Bhartiairtel #RelianceJio #vodafoneidea #5g
A quick thread 🧵
#Airtel #Jio #VI #Bhartiairtel #RelianceJio #vodafoneidea #5g
RBI guidelines governing the issuance and operations of credit cards became effective from Today (except 3) ✨
This thread 🧵 will act as one stop point for checking all provisions explained in simple words 👇
Let's go 🏃
This thread 🧵 will act as one stop point for checking all provisions explained in simple words 👇
Let's go 🏃
[1]Applicability
- The guidelines applies to all banks except payment banks, co-operative banks and NBFCs operating in India
[2]New entry ⭐⭐⭐⭐
- Apart from banks, NBFC can also apply for Credit card issuance if Net owned fund > 100 crore & take special approval from RBI
- The guidelines applies to all banks except payment banks, co-operative banks and NBFCs operating in India
[2]New entry ⭐⭐⭐⭐
- Apart from banks, NBFC can also apply for Credit card issuance if Net owned fund > 100 crore & take special approval from RBI
[3]No place to hide bank policy
- Every bank has to have a well documented board approved policy
- Which should be reviewed and audited every six months
But most importantly ⭐⭐⭐
- The policy should be displayed prominently on website, so customers can also access it
- Every bank has to have a well documented board approved policy
- Which should be reviewed and audited every six months
But most importantly ⭐⭐⭐
- The policy should be displayed prominently on website, so customers can also access it
It could be slowflation not #stagflation – and it’s better for the equity markets
businessinsider.in/stock-market/n…
By @jainrounak
businessinsider.in/stock-market/n…
By @jainrounak
With the pandemic & the #RussiaUkraineConflict, global economies have been affected by too many factors that have made central banks alter the course too many times, resulting in confusion over which way the economy will go and the shape of recovery.
#stagflation #RBI
#stagflation #RBI
Experts around the world have been worried about #recession and #stagflation — a combination of slow growth, inflation and unemployment. But now, analysts at UBS suggest things are looking up, stating that the global economy could be staring at ‘slowflation’ and not stagflation.
#RBI kept the #Rupee ‘exceptionally’ stable so far, and the tide could turn for the better say experts
businessinsider.in/finance/news/r…
By @jainrounak
businessinsider.in/finance/news/r…
By @jainrounak
A looming global #recession, unprecedented #inflation and a strengthening US dollar has forced central banks around the world to use their forex reserves to keep their currencies from falling. The #RBI has done an ‘exceptional’ job of keeping the rupee stable so far, experts say.
Indian markets have remained relatively strong as compared to peers like #Indonesia and #Brazil. Much of this is due to the strong buying by domestic investors even as foreign investors continued to pull out record money from India.
#RBI
businessinsider.in/stock-market/n…
#RBI
businessinsider.in/stock-market/n…
What factors to look for to understand which direction are #interestrates headed:
1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
1. Total Credit in the system
2. Which gets divided into External and Internal
3. External focuses on #CAD
4. Internal: Private & Govt
5. Private - #CreditOfftake
6. Govt - #FiscalDeficit
3. External :
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation
- interest rate tend to go up
#CAD (Current Account Deficit - difference between country's #Imports & #Exports) goes up, #imports become expensive, rupee depreciates, bringing in imported #inflation
- interest rate tend to go up
4. Internal Credit
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
5. #PrivateSector - #Creditofftake goes up interest rates rise
6. Govt - #FiscalDeficit goes up interest rates rise
India’s central bank hikes interest rates by 50 bps to fight off ‘globalised’ inflation
businessinsider.in/finance/news/i…
By @jainrounak and @KatyaNaidu
businessinsider.in/finance/news/i…
By @jainrounak and @KatyaNaidu
The Indian central bank today raised its #interestrates – the second time in a month - by 50 basis points. This is higher than last month’s hike of 40 basis points and the base interest rate at which the central bank lends is now at 4.9%.
#RBI #RepoRate
#RBI #RepoRate
"The #reporate still remains below its pre-pandemic level," @DasShaktikanta, the governor of Reserve Bank of India (RBI) said while making the announcement.
#RBI
#RBI
#THREAD on #WHAT is #RBI likely to do tomorrow at the #MPC and #Why and how it would #IMPACT Markets? #RETWEET
(1) A rate Hikes I’d probably 30-40bps
(2) More #Importantly, a 25-50bp CRR Hike as well
What are the Drivers of this Decision?
(1) A rate Hikes I’d probably 30-40bps
(2) More #Importantly, a 25-50bp CRR Hike as well
What are the Drivers of this Decision?
RBI biggest Driver of Policy in my view is FOREX.
India is suffering Daily Forex Outflows Due to
(1) high Commodity Prices (Oil & Coal etc)
(2) FPI outflows
(3) Rising Remittances while FDI has slowed down
Recall that Jndia is still NOT added to the JPM EM debt Index (NA)
India is suffering Daily Forex Outflows Due to
(1) high Commodity Prices (Oil & Coal etc)
(2) FPI outflows
(3) Rising Remittances while FDI has slowed down
Recall that Jndia is still NOT added to the JPM EM debt Index (NA)
Two ways to arrest the INR depreciation is to raise Rates (REPO) or reduce Liquidity (CRR)
But we know India has a Demand Issue.
More #IMPORTANTLY, higher Rates will HURT the Govts Borrowing Cost and Eventually Raise System Deposit Rates
But we know India has a Demand Issue.
More #IMPORTANTLY, higher Rates will HURT the Govts Borrowing Cost and Eventually Raise System Deposit Rates
8 Nov 2016: Mr. ND Modi, the Prime Minister of India announced #Demonetisation of Rs 500 and Rs 1000 banknotes
Main objective: To weed out black money from the system
Time-to-time, the goal post kept changing
Q. Did note-bandi hit any target?
▪For answer, read the thread👇
Main objective: To weed out black money from the system
Time-to-time, the goal post kept changing
Q. Did note-bandi hit any target?
▪For answer, read the thread👇
#Demonetisation Fighting Black Money
GOI: At least ₹3-4 lakh crore black money will get extinguished outside the banking system
RBI: Almost entire chunk of money that was invalidated came to the banking system(₹15.31 lakh cr out of ₹15.41 lakh cr returned to the system)
👇
GOI: At least ₹3-4 lakh crore black money will get extinguished outside the banking system
RBI: Almost entire chunk of money that was invalidated came to the banking system(₹15.31 lakh cr out of ₹15.41 lakh cr returned to the system)
👇
#Demonetisation To Remove The Counterfeit Currency
As per the GOI data, a total of 2,017,427 pieces of fake notes seized across the country in various denominations:
8,34,947 in 2020
2,87,404 in 2019
2,57,243 in 2018
3,55,994 in 2017
2,81,839 in 2016
👇
m.economictimes.com/news/india/nea…
As per the GOI data, a total of 2,017,427 pieces of fake notes seized across the country in various denominations:
8,34,947 in 2020
2,87,404 in 2019
2,57,243 in 2018
3,55,994 in 2017
2,81,839 in 2016
👇
m.economictimes.com/news/india/nea…
