Demonetisation
RBI Withdraws Rs.2,000 Denomination Notes
The Reserve Bank of India (RBI) has recently taken a significant step by withdrawing the Rs 2000 banknotes from circulation. Reasons for the Withdrawal The RBI has decided to withdraw Rs.2,000 notes as it has fulfilled the currency requirement objective ..
Month: Current Affairs - May, 2023
Category: Economy & Banking Current Affairs
Supreme Court Verdict on Demonetisation Case
The Supreme Court of India has upheld the 2016 decision of the Narendra Modi government to demonetize currency notes of INR 500 and INR 1,000 denominations. The decision, which was taken by a 4:1 majority of the Constitution Bench, stated ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
Fifth anniversary of Demonetisation- Economic impacts
India is observing the fifth anniversary of demonetisation on November 8, 2021. Demonetisation was announced by Prime Minister Narendra Modi in 2016. Background With this move, Rs 500 and Rs 1,000 currency notes were withdrawn as a legal tender across ..
Month: Current Affairs - November, 2021
RBI launches MANI application for visually challenged
On January 01, 2020, the Reserve Bank of India launched the MANI application for visually challenged persons to identify new currency notes that were launched after demonetization. MANI is Mobile Aided Note Identifier. Highlights MANI application scans currency notes using ..
Month: Current Affairs - January, 2020
Automobiles Sales in India fall for the 9th straight month
As per the data released by the Society of Indian Automobile Manufacturers (SIAM), the sales of domestic passenger vehicles has fallen down by 30.9% in the month of July. This is the 9th straight decline in monthly sales. The domestic ..
Benchmarking India s Payment Systems
The Reserve Bank of India (RBI) report “Benchmarking India s Payment Systems” provides a comparison of the payment ecosystem in India with the payment systems and usage trends in other major countries. Findings of the Report Even though there was ..
Data on Unemployment
The data from the labour force survey from the National Statistical Organisation (NSO) makes the following observations about the unemployment trends in the country: The unemployment rate was 6.1 per cent of the total labour force during 2017-18 which was ..
Mind the Gap – State of Employment in India
Oxfam India’s latest report Mind the Gap – State of Employment in India makes the following observations: Lack of quality jobs and increasing wage disparity are key markers of inequality in the Indian labour market. The report states that the regressive ..
Month: Current Affairs - April, 2019
RBI replies to RTI regarding Demonetisation
The minutes of meeting which had approved the demonetisation of Rs 500 and Rs 1000 currency notes has been revealed through RTI. The government had contested that demonetisation would help curb black money and a steep rise in Rs 500 ..
Month: Current Affairs - March, 2019
India Micro, Small, and Medium Enterprises Report 2018: Key Facts
The India Micro, Small, and Medium Enterprises Report 2018 has been released Kochi based Institute of Small Enterprises and Development at the South India MSME Summit 2019 in Bengaluru. Findings of the Report The important findings of the report include: ..