Finance Blogs
The Reserve Bank of India (RBI) announced on May 19, 2023 that it would be stopping the issuance of 2000 rupee notes. The decision was made in an effort to curb the circulation of black money and counterfeit notes. The withdrawal of 2000 rupee notes has had a number of effects on the Indian economy, … Read More “The Impact of Stopping 2000 Rupee Notes in India” »
NCLAT had set July 12 as deadline for the IL&FS group to reach an agreement with creditors of 13 companies to begin releasing payments. these companies have a total outstanding debt of Rs 16,372 crore. The central government on Monday took the unprecedented step of seeking a ban on auditors Deloitte Haskins & Sells and BSR … Read More “NCLAT on IL&FS group so far.” »
RBI has recently issued a notification mandating banks to accept coins and notes which after receiving frivolous complaints from customers. in effect, RBI has directed all branches of banks to accept coins of all denominations tendered at their counters for transactions. source
