ECONOMY

Currency

RBI announces new Rs 50 currency note
18.08.17 - TEAM PT

The Reserve Bank of India (RBI) will now issue new bank notes of Rs 50 denomination.  The new notes are being made under the Mahatma Gandhi series.

They will also have the motif of 'Hampi with Chariot'.

The new fluorescent notes will bear the signature of RBI ...
  


India lost 1.5 million jobs in the aftermath of demonetisation
20.07.17 - TEAM PT

The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE).

CMIE’s data is based on the result of consecutive waves of household surveys performed from ...
  


Mastermind of group who pumped Rs 50 crore fake coins into India, arrested
07.07.17 - team pt

The mastermind of a fake coin syndicate has been arrested with around 8,500 counterfeit coins in denominations of Rs 5 and Rs 10. Upkar Luthra, arrested by the Special Cell from Kundli in Haryana on Tuesday , was operating out of Nepal.
 
Police said that the ...
  



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