Everyday Indians donate crores of rupees in temples and other religious places. So does this temple in Ranchi receives money from the people visiting the temple seeking blessings and prosperity in their life? But the question arises, where is this money used? Who are the beneficiaries of these donations? Does[Read More…]
Tag: Indian currency
RBI new rules for defective notes refund
Reserve Bank of India has introduced new rules for the mutilated notes refund. On Friday RBI issued an advisory to all its branches for the exchange of mutilated/defective notes. As per the new amendments to the Reserve Bank of India (note refund) rules 2009, the public can exchange mutilated notes in Mahatma[Read More…]
Rupee hits 71 mark first time ever, slides 26 paise against Dollar
As the Rupee fall continues, Indian currency opens at a fresh low on Friday morning. The rupee slides 71 mark to the US dollar for the first time ever. Falling 26 paise down to a new record low of 71.0013 against the USD during Friday morning trade, rupee grows fear[Read More…]
99.3% demonetised currency worth Rs 15.3 lakh crore returned: RBI
In its annual report 2017-18, the Reserve Bank of India (RBI) said that the processing of demonetised Rs 500 and 1000 banknotes is complete and it has emerged that nearly 99.3 per cent of the notes worth Rs 15.3 lakh crore have been returned to the banks. An amount of[Read More…]
Congress’ sharp reaction after rupee hits new of 70 to US dollar
Indian rupee crashed to all time low of 70-mark against US dollar for the first time on Tuesday. The new low of 70.09 in the currency has opened windows to the opposition parties to react on it. Congress has come up with sharp remarks on Twitter aiming at PM Narendra[Read More…]
Govt denies report claiming ‘Indian currency printed in China’
After a raw of questions being raised over printing of Indian currency in China, the Central government denied all the accusations stating that “Indian currency notes are being and will be printed only in Indian government and RBI currency presses.” The Ministry of Finance rubbished the reports claiming that a[Read More…]
RBI denies China’s claim of printing money; Congress questions Government
Chinese media is reported saying that China has won the contract to print Indian currency. Not just Indian, many other countries gave handed-over the contract to China for the printing of their currency notes, said China Banknote Printing and Minting Corporation (CBPMC) President Liu Guisheng. According to the South China[Read More…]