How is the government estimating India’s paper currency requirement?

As the government goes about printing new currency notes to replace the invalidated 500/1000 rupee notes, one wonders how this is being done. On one hand, the Reserve Bank of India (RBI) claims that there is "enough" currency in the system. On the other hand, government spokespersons claim that not all currency notes would be …

Advertisements

Germans rallied behind their cash; we must take note

Personally, I try to go cashless as far as possible. From paying for coffee using my card to net banking to recharge my prepaid phones, and using m-pesa as much as I can, I must be a model 'digital' citizen. It's a different matter that my data (digital footprint) is strewn all over the internet, …

The battle against corruption should not end here

Since the 8th of November when the government declared that 500 and 1000 rupee notes were no longer legal tender, there has been much talk about the need for ordinary citizens to join the battle against corruption. Rather dramatically, Prime Minister Narendra Modi too announced from the pulpit, his resolve to continue battling corruption even …